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French biotech firm in talks for biobased isobutene contract

2:09 PM MDT | October 28, 2013 | Rebecca Coons

Biochemical company Global Bioenergies (Evry, France) announced today that it has reached the main milestone in a 2010 license option agreement with an unnamed Fortune 500 industrialist based in the United States, triggering an exclusive negotiation period for a follow-on contract for Global Bioenergies' biobased isobutene. According to the terms of the 2010 agreement, a license option was granted to the industrialist for a maximum of three years. If, during these three years, a specific technical milestone in the development of the isobutene program was hit by...

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