Carbios praised by French President at two-year anniversary of France 2030
11 Dicembre 2023 - 6:00PM
PRESS RELEASE
Carbios praised by French President at
two-year anniversary of France 2030
Clermont-Ferrand (France), December 11,
2023 (6:00 PM CET). Carbios (Euronext Growth Paris:
ALCRB), a pioneer in the development and industrialization of
biological technologies to reinvent the life cycle of plastic and
textiles, was one of eight beneficiaries selected to present the
progress of its industrial project in the presence of the President
of the French Republic on the occasion of the two-year anniversary
of the launch of the France 2030 investment plan. Carbios is
receiving €42.5 million in public funding (€30 million from the
State as part of France 2030 and €12.5 million from the Grand-Est
Region) for the construction of the world's first plant for the
enzymatic depolymerization of PET. Carbios is an emblematic example
of the France 2030 initiative to support innovative projects that
contribute to reindustrialization through innovation in strategic
sectors, such as recycling. This plant, located in Longlaville in
the Grand-Est Region, will be Carbios' first industrial site.
Construction has just begun.
Emmanuel Ladent, CEO of
Carbios: "Carbios is honored to have been selected by the
State to present the progress of our industrial project, an
ambitious undertaking that could not have been launched without
France 2030. Carbios is an example of what France can achieve
collectively, from research to industry, to create a global leader
in the fight against plastic pollution. We are very grateful for
the support of the State in this crucial phase for our
company."
Dr. Philippe Pouletty, Founder and
President of Carbios: "We thank the President and Carbios
shareholders for their strong support of Carbios. Thanks to
Carbios’ proprietary biotechnology and Europe’s ambitious recycling
objectives, we will be able to reduce plastic pollution, oil use,
and potentially toxic microplastics, all while promoting a more
targeted use of plastics."
The state-of-the-art facility will play a
crucial role in the fight against plastic pollution by offering an
industrial-scale solution for enzymatic depolymerization of PET
waste. Carbios' technology enables PET circularity and provides an
alternative raw material to virgin fossil-based monomers, allowing
PET producers, waste management companies, public entities, and
brands to have an efficient solution to meet regulatory
requirements and fulfill their own sustainability commitments. The
plant will have a processing capacity of 50,000 tons of
post-consumer PET waste per year (equivalent to 2 billion colored
PET bottles, 2.5 billion PET trays, or 300 million T-shirts) and
will address waste with little or no value such as colored PET
bottles, food trays, and textiles. The plant will create 150 direct
and indirect jobs in the region. In October 2023, Carbios obtained
the building permit in 10 months (the average duration in France is
17 months) and the site operating permit, allowing construction to
begin. The plant is currently under construction in Longlaville in
the Grand-Est Region.
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
industrial plant, 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
FR0011648716Ticker
Code
Euronext
Growth: ALCRBLEI:
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.
This press release and the information contained
herein do not constitute an offer to sell or a solicitation of an
offer to buy or subscribe to shares in Carbios in any country.
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.
For additional information, please
contact:
CARBIOSMelissa FlauraudPress
Relationsmelissa.flauraud@carbios.com +33 (0)6 30 26 50
04Benjamin AudebertInvestor
Relationscontact@carbios.com+33 (0)4 73 86 51 76 |
Press Relations
(France)IconicMarie-Virginie
Kleinmvk@iconic-conseil.com+33 (0)1 44 14 99 96 |
Press Relations (U.S.)Rooney
PartnersKate L.
Barrettekbarrette@rooneyco.com+1 212 223 0561 |
Press Relations (DACH & UK)MC
ServicesAnne Henneckecarbios@mc-services.eu+49 (0)211 529
252 22 |
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
- Funded by France 2030
- 2023 12 11_PR_France 2030_EN_FINAL
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