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IBN-One awards FEED contract to Technip and IPSB for 1st plant converting renewable resources into isobutene

IBN-One, a subsidiary of Global Bioenergies and Cristal Union, awarded the first engineering contract for its bio-isobutene plant to Technip and IPSB. Following a consultation process by IBN-One in spring 2016, the initial engineering work contract has been awarded to a consortium that includes Technip, a global leader in engineering for the energy, petrochemical and chemical industries, and IPSB, an engineering firm specializing in sugar and biotechnologies.

This first front-end engineering design (FEED) phase will run for 12 months and precedes the detailed engineering studies for the plant’s construction.

The contracts for the second phase, comprising the detailed engineering studies, will be awarded at a later date. Construction is then expected to commence early in 2018.

IBN-One is the project owner of the first plant to use Global Bioenergies’ isobutene technology. During this phase, engineers will specify the design of the equipment and the connections between the plant’s different subunits, as well as its integration at a Cristal Union sugar beet site. Leaders in their respective fields, Technip and IPSB provide two key and complementary areas of expertise to advance the project.

—Bernard Chaud, Chairman and CEO of IBN-One and Director of Industrial Strategy of Global Bioenergies

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