Carbios to Move Facilities to a Michelin Site in Clermont-Ferrand, France
28 Settembre 2020 - 7:03PM
Business Wire
- Move will bring Carbios’ four teams together for greater
operational efficiency
Regulatory News:
Carbios,
(Paris:ALCRB) (Euronext Growth Paris: ALCRB) a company
pioneering new bio-industrial solutions to reinvent the lifecycle
of plastic and textile polymers, announced today the regrouping of
its teams on a single site belonging to Michelin. They will be
located near Carbios’ Clermont-Ferrand, France, headquarters.
The facilities made available to Carbios will accommodate all of
the Company's activities, currently spread over several locations.
In particular, they will include the development laboratory, the
pilot facility and demonstration plant of Carbios’ enzymatic
recycling technology for PET plastics and fibers. This move will
support Carbios’ corporate and operational synergies to advance
project development and ensure technological and economic
optimization.
This strategic decision reinforces Carbios’ ambitions to
position itself as the world leader in biological technologies for
the end of life of plastics and synthetic fibers. The quality of
the new infrastructure will enable Carbios to improve the risk
profile associated with the industrial demonstration phase while
controlling costs and deadlines. The operational teams, now grouped
on the same site, will benefit from an optimal environment to
successfully industrialize Carbios’ technology. Carbios'
demonstration plant, initially planned in Saint-Fons (Rhône,
France) and now integrated on the new site, will be operational in
September 2021 versus June 20211. This decision supports Carbios’
ambition to grant its first enzymatic recycling technology license
by 2023 and provide a better integration of the Company’s current
and future partners.
This move underlines Michelin’s support for Carbios’
technological solutions, following its participation in the
Carbios’ recent, successful capital increase.
Jean-Claude Lumaret, Carbios’ Chief Executive Officer, noted,
“This is a real opportunity for Carbios to reinforce the
cooperation between its teams and promote the consistency of all
its activities in an innovative environment. This collaboration,
with a world-renowned company such as Michelin, highlights the
attractiveness of our technology and allows Carbios to benefit from
a unique and rich ecosystem to continue its industrialization
phase.”
About Carbios:
Carbios is a green chemistry company whose innovations help
address the environmental and sustainable development challenges
facing manufacturers. Since its creation in 2011 by Truffle
Capital, the Company has developed, through biotechnology, two
industrial processes that revolutionize the biodegradation and
recycling of polymers. These world-first innovations, made possible
with the support of Bpifrance (THANAPLAST™ project), enable to
optimize the performance and lifecycle of plastics and textiles by
exploiting the properties of highly specific enzymes.
Carbios' economic development model is based on the
industrialization and commercialization of its products and/or
enzymes, technologies and bioprocesses through license concessions
directly or through joint ventures to major industrial players or
sectors concerned by the Company's innovations. As such, Carbios
created the joint venture Carbiolice in September 2016, in
partnership with Limagrain Ingredients and the SPI fund operated by
Bpifrance. This company, of which Carbios has majority control,
will exploit the first technology licensed by Carbios by producing
enzymatic granules for the production of biodegradable and biobased
plastics.
Carbios benefits from the qualification "Innovative Company" of
Bpifrance allowing the eligibility of the Company's securities for
the investment of Mutual Funds Placement in Innovation (FCPI). For
more information, please visit: www.carbios.fr
Carbios is eligible for the PEA-PME, a government program
allowing French residents investing in SMEs to benefit from income
tax rebates.
This press release does not constitute and
cannot be regarded as constituting an offer to the public, an offer
to sell or a subscription offer or as a solicitation to solicit a
buy or sell order in any country.
Translation 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 Cf. Press release June 29, 2020
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CARBIOS Benjamin Audebert Investor Relations
contact@carbios.fr +33 (0)4 73 86 51 76
Media Relations (Europe) Tilder Marie-Virginie Klein
mv.klein@tilder.com +33 (0)1 44 14 99
96
Media Relations (U.S.) Rooney Partners Kate L. Barrette
kbarrette@rooneyco.com +1 212 223 0561
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