- €11.4 million granted in funding from the French State via
France 2030 for Carbios and its research partners to accelerate
R&D and innovation work on its unique enzymatic
technologies
- Carbios selected for €30 million in funding from the French
State via France 2030 and €12.5 million from the Grand-Est Region,
subject to ratification by the European Commission, for the
construction of Carbios' first industrial plant in Longlaville
(54).
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Carbios will receive grants totaling €54
million from French State via France 2030 and Grand-Est Region to
finance construction of world's first PET biorecycling plant and
accelerate R&D activities (Photo: Carbios)
Carbios (Euronext Growth Paris: ALCRB), a pioneer in the
development and industrialization of biological technologies for
reinventing the life cycle of plastics and textiles, announces that
its project has been selected by the French State for funding of
€30 million from the French State as part of the investment plan
France 2030, and €12.5 million from the Grand-Est
Region. The implementation of this funding is conditional to
the European Commission's approval of the corresponding state aid
scheme, followed by the conclusion of national aid agreements. As
part of the national call for projects on "Plastics Recycling"
operated by ADEME2, Carbios' project to finalize the
industrialization of its unique PET biorecycling process has been
selected. The reference plant in Longlaville in the Grand-Est
region will be the world’s first PET biorecycling plant and is due
for commissioning in 2025. This plant will make it possible to
relocate to France the production of the two basic components of
PET, PTA and MEG3, both derived from the Carbios process.
Carbios also announces that it has been granted total funding of
€11.4 million from the French State as part of France 2030, of
which €8.2 million directly for Carbios (€5 million in
repayable advances) and €3.2 million for its academic
partners INRAE4 , INSA5 and CNRS6 via the TWB7 and TBI8 joint
service and research units. This funding will enable to continue
its research into the optimization and continuous improvement of
Carbios’ enzymatic technologies.
Christophe Béchu, French Minister for Ecological Transition
and Territorial Cohesion : "Fighting plastic pollution is a
global emergency that requires a drastic reduction in its use, but
also an increase in its recycling. For many years, French public
and private research teams have been working together to develop a
new enzymatic recycling technology. By supporting the construction
of Carbios first biorecycling plant in the world, France is proving
that Carbios’ technology has now become an industrial reality,
making it possible to recycle waste that was previously difficult
to recycle.”
Roland Lescure, French Minister for Industry: "I'm
delighted to be able to announce, at the opening of the World
Plastics Conference, the French State’s support of nearly €54
million for Carbios' innovative enzymatic plastic recycling
projects. The construction in France in 2023 of the world's first
enzymatic plastic recycling plant is an important step towards
building a fully circular plastic economy, one of the greatest
environmental challenges of the next two decades. This project
shows just how much the ecological transition is also an
opportunity for the green reindustrialization of our country."
Bruno Bonnell, Secretary General for Investment FRANCE
2030: "France 2030's support is twofold: to provide France with
an innovative plastics processing solution, and to position
Carbios' business model, based on license sales, at an
international level. Carbios is a company whose development has
been progressive, from public research, through the creation of a
start-up, to the industrialization of a technological process. This
is a continuum that France 2030 supports in particular, and Carbios
is an excellent showcase.”
Franck Leroy, President of Grand-Est Region: "I'm very
grateful to Emmanuel Ladent and the Carbios teams for choosing the
Grand-Est Region to set up their world's first 100% biorecycled PET
plant. By supporting this project, the Region is actively
contributing to preserve the environment, while creating new jobs
and added value in the Grand-Est. This is also excellent news for
Longlaville, and I'd like to pay tribute to both its Mayor and the
President of the Metropolitan area. They have spared no effort,
with the constant support of the French State and ADEME, to make
this plant a reality. The Carbios reference plant is fully in line
with the ambition of the Grand-Est region to become a leader in the
PET circular economy. This project represents a further milestone
in the construction of our ecosystem.”
The plant will secure the sales of the first volumes of recycled
PET produced with Carbios’ technology, and to offer its partners
recycled PET of the same quality as virgin PET. Once the necessary
permits have been obtained, which should be granted by the end of
2023, in line with the announced start of construction before the
end of the year, the plant is scheduled to be commissioned in 2025.
This will be followed by a period of ramp-up to full capacity. The
plant will have a nominal processing capacity of 50,000 tonnes of
PET waste per year, equivalent to 2 billion bottles or 2.5 billion
food trays.
Emmanuel Ladent, Chief Executive Officer of Carbios:
"Thanks to the French State’s previous support, we were able to
demonstrate the economic and environmental competitiveness of our
technology at the industrial demonstrator scale in
Clermont-Ferrand. The renewed support from ADEME and that of the
Grand-Est Region are crucial for this new industrial step which
marks the start of our international deployment. Our first plant
will be the global showcase for our PET biorecycling technology,
and we are very proud that it is located in France. I would like to
thank the Carbios Board of Directors, and in particular its
Chairman Philippe Pouletty, for his decisive role in bringing this
first plant to fruition.”
Selection for funding by the French State through France 2030
and the Grand-Est Region complements the recent announcement of an
exclusive, long-term partnership with Novozymes9, the world leader
in enzyme production, one of the main aims is to ensure the supply
of enzymes to Carbios' Longlaville plant and future licensed
plants. In addition, Carbios recently secured a first supply source
for its future plant by winning part of the CITEO tender for the
biorecycling of multilayer trays10.
France 2030 is an investment plan on an unprecedented scale. €54
billion will be invested to ensure that companies, universities and
research organizations are in a position to respond competitively
to the ecological and attractiveness challenges of the world ahead,
and to foster the emergence of future leaders in our sectors of
excellence, particularly in the field of ecological transition.
From fundamental research, to the emergence of an idea, to the
production of a new product or service, France 2030 supports the
entire life cycle of innovation, right through to
industrialization.
About Carbios:
Carbios is a biotech company developing and industrializing
biological solutions to reinvent the life cycle of plastic and
textiles. Inspired by nature, Carbios develops enzyme-based
processes to break down plastic with a mission to avoid plastic and
textile pollution, and accelerate the transition to a circular
economy. Its two disruptive technologies for the biorecycling of
PET and the biodegradation of PLA are reaching industrial and
commercial scale. Its biorecycling demonstration plant has been
operational since 2021 and a first-of-a-kind reference unit, in
partnership with Indorama Ventures, is due to be commissioned in
2025. Carbios has received scientific recognition, notably with the
cover of Nature, and is supported by prestigious brands in the
cosmetics, Food & Beverage and apparel industries to enhance
their products’ recyclability and circularity. Nestlé Waters,
PepsiCo and Suntory Beverage & Food Europe are members of a
packaging consortium founded by Carbios and L’Oréal. On, Patagonia,
PUMA, PVH Corp. and Salomon collaborate with Carbios in a textile
consortium.
Visit www.carbios.com/en to find out more about biotechnology
powering plastic and textile circularity.
Twitter: Carbios / LinkedIn: Carbios / Instagram:
insidecarbios
Information on Carbios shares:
ISIN Code FR0011648716 Ticker Code Euronext
Growth: ALCRB LEI: 969500M2RCIWO4NO5F08
Carbios, founded in 2011 by Truffle Capital, is eligible for the
PEA-PME, a government program allowing French residents investing
in SMEs to benefit from income tax rebates.
Disclaimer on forward-looking statements and risk
factors:
This press release contains forward-looking statements, not
historical data, and should not be construed as a guarantee that
the facts and data stated will occur. These forward-looking
statements are based on data, assumptions and estimates considered
reasonable by Carbios. Carbios operates in a competitive and
rapidly evolving environment. It is therefore not in a position to
anticipate all risks, uncertainties or other factors that may
affect its business, their potential impact on its business or the
extent to which the materialization of a risk or combination of
risks could lead to results that differ significantly from those
mentioned in any forward-looking statement. Carbios draws your
attention to the fact that forward-looking statements are in no way
a guarantee of its future performance and that its actual financial
position, results and cash flows and the development of the sector
in which Carbios operates may differ significantly from those
proposed or suggested by the forward-looking statements contained
in this document. In addition, even if Carbios’ financial position,
results, cash flows and developments in the industry in which it
operates are consistent with the forward-looking information
contained in this document, such results or developments may not be
a reliable indication of Carbios’ future results or developments.
Readers are advised to carefully consider the risk factors
described in the Universal registration document filed with the
French Market Authority (“AMF”), as well as in the half-year
financial report available free of charge on the Company’s website.
Should all or any part of these risk factors materialize or others,
in no case whatsoever will Carbios be liable to anyone for any
decision made or action taken in conjunction with the information
and/or statements in this press release or for any related damages.
This information is given only as of the date of this press
release. Carbios makes no commitment to publish updates to this
information or on the assumptions on which it is based, except in
accordance with any legal or regulatory obligation applicable to
it.
Translation is for information purposes only.
In case of discrepancy between the French and the English version
of this press release, the French version shall prevail.
1 The implementation of this funding for €42.5 million is
conditional to the European Commission's approval of the
corresponding state aid scheme, followed by the conclusion of
national aid agreements. 2 The French Agency for Ecological
Transition 3 PTA = purified terephthalic acid; MEG = monoethylene
glycol 4 French National Research Institute for Agriculture, Food
and the Environment 5 French National Institute of Applied Sciences
6 French National Center for Scientific Research 7 Toulouse White
Biotechnology - UMS INRAE 1337 / UAR CNRS 3582 8 Toulouse
Biotechnology Institute - UMR INSA/CNRS 5504 / UMR INSA/INRAE 792 9
Cf. press release dated 12 January 2023 10 Cf. press release
published by Citeo dated 26 April 2023
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For additional information, please contact:
CARBIOS Melissa Flauraud Press Relations
melissa.flauraud@carbios.com +33 (0)6 30 26 50 04 Benjamin
Audebert Investor Relations contact@carbios.com +33 (0)4 73 86
51 76
Press Relations (France) Iconic Marie-Virginie
Klein mvk@iconic-conseil.com +33 (0)1 44 14 99 96
Press Relations (U.S.) Rooney Partners Kate L.
Barrette kbarrette@rooneyco.com +1 212 223 0561
Press Relations (DACH & UK) MC Services Anne
Hennecke carbios@mc-services.eu +49 (0)211 529 252 22
Carbios (EU:ALCRB)
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