CARBIOS celebrates the groundbreaking of its PET biorecycling plant, a world
first, with its partners
* CARBIOS' first plant is also a world first using revolutionary enzymatic
depolymerization technology, marking a major step forward in the transition
to a circular economy for plastic and textiles
* More than 200 guests were present to mark this important occasion:
representatives of institutions, partner brands and industrial partners
* The plant will have a capacity of 50kt/year of prepared waste when operating
at full capacity
Longlaville (France), Thursday 25 April 2024 (19:30 CET). CARBIOS
(http://www.carbios.com/en/) (Euronext Growth Paris: ALCRB), a pioneer in the
development and industrialization of biological technologies to reinvent the
life cycle of plastic and textiles, today celebrated the groundbreaking ceremony
for the world's first PET biorecycling plant in the presence of representatives
of local authorities, partner brands and industrial partners who all make up
CARBIOS' ecosystem. Located in Longlaville, in the Grand-Est region of France,
CARBIOS' first commercial plant will play a key role in the fight against
plastic pollution, offering an industrial-scale solution for the enzymatic
depolymerization of PET waste in order to accelerate a circular economy for
plastic and textiles. The plant will have a processing capacity of 50kt/year of
prepared waste when operating at full capacity. Work is progressing on schedule
with significant quantities delivered to customers in 2026.
PET, the second most widely used plastic in the world, is mainly manufactured
from oil. Thanks to CARBIOS' enzymatic biorecycling technology, PET will no
longer be made from oil, but from its own waste. This technological breakthrough
opens up new recycling streams for multilayered, coloured and opaque trays made
from packaging waste and polyester textile waste, which until now have been
little or not recycled at all, giving them value. In addition, this breakthrough
positions France as a pioneer in green innovation, contributing to its
reindustrialisation and leadership in the transition to a sustainable economy.
In a LinkedIn post published on 24 April 2024, Emmanuel Macron, President of
France, said: "A technological revolution is taking shape tomorrow with the
groundbreaking ceremony of CARBIOS' plant in Longlaville: the world's first
biorecycling plant. French pride! Ecological transition and growth, made in
France and innovation go hand in hand
(https://www.linkedin.com/posts/emmanuelmacron_une-r%C3%A9volution-
technologique-se-concr%C3%A9tise-activity-7188908457624829952-
kwMs?utm_source=share&utm_medium=member_desktop)."
Christophe Béchu, Minister for Ecological Transition and Territorial Cohesion:
"At a time when governments are negotiating an international treaty against
plastic pollution in Ottowa, the groundbreaking of CARBIOS' biorecycling plant
is particularly significant. It illustrates France's commitment to the
ecological transition, and demonstrates our ability to turn challenges into
opportunities for a more sustainable future. This plant, a world first, embodies
French innovation in responding to complex environmental challenges, offering a
sustainable solution for a future where plastic and textile waste will be
transformed into valuable resources for a truly circular economy."
Roland Lescure, Minister Delegate in charge of Industry: "This inauguration is
emblematic of the green industrial revolution that we have been implementing for
the past year: French technology that is sustainable, innovative and creates
jobs. It is also emblematic of the method I am applying with all industrial
sectors: the ecology of the contract. With the financial and administrative
support of the French government, the new CARBIOS plant in Longlaville will
remove a major technological barrier to the development of the textile recycling
industry in France."
Franck Leroy, President of Région Grand-Est : « I'm proud to support the
deployment of the world's first plant dedicated to the biorecycling of PET.
CARBIOS is a perfect illustration of our vision of modern, responsible re-
industrialisation, placing the Grand Est region at the heart of the ecological
transition. This key innovation in the fight against plastic pollution will also
create 150 jobs in the Longlaville area. »
Emmanuel Ladent, CEO, CARBIOS : "At CARBIOS, we have turned a vision into
reality with the groundbreaking of the world's first PET biorecycling plant. Our
revolutionary enzymatic depolymerization technology marks the beginning of a new
era in plastic recycling, moving away from dependence on oil to a circular
economy fuelled by PET waste itself. CARBIOS continues its mission by
collaborating with strategic partners around the world and embarking on a
promising commercial and international deployment. I would like to thank our
partner brands and industrial partners present, particularly L'Oréal Groupe,
L'Occitane en Provence, PUMA, Suntory Beverage & Food Europe, Salomon, On, CITEO
and Novonesis for their contribution to the success of this historic event."
Philippe Pouletty, Founder and Chairman of the Board of Directors of CARBIOS:
"We can help save the planet thanks to science, passionate teams, private and
public funding to meet industrial and commercial stakes, and loyal partners.
This groundbreaking ceremony for the Longlaville plant marks the start of our
industrial and commercial roll-out to make CARBIOS a world leader in plastic
recycling in the coming years."
Antoine Vanlaeys, Chief Operating Officer, L'Oréal Groupe: "We are delighted to
be a long-standing partner of CARBIOS: an adventure that began nearly seven
years ago with the co-founding of a consortium to industrialize the biorecycling
of plastic, then in 2019 with our participation in the capital increase carried
out by CARBIOS through our private equity fund BOLD, Business Opportunities for
L'Oréal Development. The groundbreaking ceremony for CARBIOS' PET biorecycling
plant is another key milestone. It confirms the scaling up of this pioneering
technology, which contributes to the sustainable management of the plastic life
cycle. We believe in the power of collaboration to build solutions for the
future with our partners and get closer every day to reaching our sustainable
development objectives. The partnership between L'Oréal Groupe and CARBIOS is
testament to this."
The world's first PET biorecycling plant
CARBIOS' technology enables PET circularity and provides an alternative raw
material to fossil-based monomers, giving PET producers, waste management
companies, public bodies and brands an effective solution to meet regulatory
requirements and their own commitments to sustainable development. The plant
will have the capacity to process 50,000 tons of prepared PET waste per year
(equivalent to 2 billion colored bottles, 2.5 billion food trays or 300 million
T-shirts). The plant will create 150 direct and indirect jobs in the region. In
October 2023, CARBIOS obtained the building and operating permits for the site.
The factory is currently under construction on land officially acquired from
Indorama Ventures on 14 February 2024. In February 2024, CARBIOS and De Smet
Engineers & Contractors (DSEC) announced their collaboration to manage
construction. Several feedstock supply agreements, notably with CITEO and
Landbell Group, will secure the vast majority of the raw materials required.
Close to the borders with Belgium, Germany and Luxembourg, the plant's location
is strategic for access to nearby waste supplies.
As part of France 2030, CARBIOS will receive grants totaling EUR54 million from
French State and Grand-Est Region (https://www.carbios.com/newsroom/en/carbios-
will-receive-grants-totaling-54-million-from-french-state-via-france-2030-and-
grand-est-
region--to-finance-construction-of-worlds-first-pet-biorecycling-plant-and-accel
erate-rd-activities/).
France 2030 is an investment plan on an unprecedented scale. EUR54 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 (https://www.carbios.com/en/) 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 currently under construction. CARBIOS, founded in 2011 by
Truffle Capital, 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 (http://www.carbios.com/en) to find out more about
biotechnology powering plastic and textile circularity.
For latest news and media assets, visit our newsroom:
www.carbios.com/newsroom/en/ (http://www.carbios.com/newsroom/en/)
LinkedIn: CARBIOS (https://www.linkedin.com/company/carbios/) / Instagram:
insidecarbios (https://www.instagram.com/insidecarbios/?hl=en)
Information on CARBIOS shares:
ISIN Code: FR0011648716
Ticker Code: Euronext Growth: ALCRB
LEI: 969500M2RCIWO4NO5F08
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 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.
For additional information, please contact:
Press Relations Press Relations
CARBIOS (France) Press Relations (U.S) (DACH & UK)
Melissa Flauraud Iconic Rooney Partners MC Services
Aurélie AKNIN /
Press Relations Clémence NAIZET Kate L. Barrette Anne-Hennecke
Melissa.flauraud@c
arbios.com carbios@mc-
(mailto:Melissa.fl carbios@iconic.fr kbarrette@rooneyco.com services.eu
auraud@carbios.com (mailto:carbios@ic (mailto:kbarrette@roon (mailto:carbios@m
) onic.fr) eyco.com) c-services.eu)
+33 (0)6 +33 (0)6 +49 (0)211
30 26 50 04 68 28 21 78 +1 212 223 0561 529 252 22
Benjamin Audebert
Investor Relations
contact@carbios.co
m
(mailto:contact@ca
rbios.com)
+33 (0)4
73 86 51 76
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.
The translation is provided for information purposes only.
In the event of any discrepancy between the French and English versions of this
press release, the French version shall prevail.
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