The facilities made available to Carbios will accommodate all of the Company’s activities, currently spread over several sites. They will include in particular the development laboratory, the pilot plant and the demonstration plant of Carbios’ enzymatic recycling technology for plastics and PET fibers. This approach 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 together on the same site, will benefit from an optimal environment for the successful industrialization of Carbios technology. The Carbios demonstration plant, initially planned for Saint-Fons (Rhône, France) and now integrated on the new site, will be operational in September 2021 against June 20211. This decision supports Carbios’ ambition to grant its first license for enzymatic recycling technology by 2023 and to allow better integration of the company’s current and future partners.
This decision underlines Michelin’s support for Carbios technological solutions, following its participation in the recent and successful Carbios capital increase.
Jean-Claude Lumaret, Managing Director of Carbios, declared: “This is a real opportunity for Carbios to strengthen cooperation between its teams and to promote the consistency of all its activities in an innovative environment. This collaboration, with a world-renowned company like Michelin, highlights the attractiveness of our technology and allows Carbios to benefit from a unique and rich ecosystem to continue its industrialization phase.
Carbios is a green chemistry company whose innovations make it possible to meet the environmental and sustainable development challenges faced by manufacturers. Since its creation in 2011 by Truffle Capital, the Company has developed, through biotechnology, two industrial processes that are revolutionizing the biodegradation and recycling of polymers. These world-first innovations, made possible thanks to the support of Bpifrance (THANAPLAST ™ project), allow the performance and life cycle of plastics and textiles to be optimized by exploiting the properties of very specific enzymes.
Carbios’ economic development model is based on the industrialization and marketing of its products and / or enzymes, technologies and bioprocesses via license concessions directly or via joint ventures to major industrial players or sectors concerned by the innovations of the Society. As such, Carbios created the Carbiolice joint venture in September 2016, in partnership with Limagrain Ingredients and the SPI fund operated by Bpifrance. This company, in which Carbios holds majority control, will exploit the first technology licensed from Carbios by producing enzyme granules for the production of biodegradable and bio-based plastics.
Carbios benefits from the “Innovative Company” qualification from Bpifrance allowing the eligibility of the Company’s shares for investment in the Placement of Mutual Funds in Innovation (FCPI). For more information, 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 reductions.
This press release does not constitute and cannot be considered to constitute an offer to the public, an offer to sell or an offer to subscribe or a solicitation to solicit an order to buy or sell in any country.
Translation for informational purposes only. In the event of any discrepancy between the French version and the English version of this press release, the French version shall prevail.
1 See press release June 29, 2020