Carbios Receives Support From The European Commission Through the LIFE Program
25 Novembro 2021 - 2:00PM
Business Wire
- Carbios and its partners T.EN Zimmer GmbH and Deloitte
receive a grant of € 3.3 million (including € 3 million for
Carbios) spread out over the project's 39 months1
- The LIFE initiative of the European Commission intends to
encourage high-potential innovative projects in the sectors of the
environment and climate change.
- Carbios' first participation in a European funding program
will support the industrial deployment of its enzymatic PET
recycling process, C-ZYME™
Regulatory News:
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Carbios (Paris:ALCRB) (Euronext Growth Paris: ALCRB), a pioneer
in the development of enzymatic solutions dedicated to the
end-of-life of plastic and textile polymers, announced today that
it has received alongside two significant partners T.EN Zimmer
GmbH and Deloitte € 3.3 million - including € 3 million
for Carbios – in the form of a European grant. T.EN Zimmer
GmbH, will provide its expertise on monomer repolymerization in
100% recycled PET, and Deloitte on the environmental
performance analysis (mainly through the Life Cycle Analysis) of
the process for plastic and textile waste.
The European LIFE funding program is a major grants tool that
supports innovative solutions with low environmental impact and a
track record of industrial deployment. Carbios' C-ZYME™ technology
fully complies with the European Commission's goals.
Faced with the limitations of thermomechanical recycling
processes, Carbios' approach is unique in that it creates value for
plastic and textile waste by providing 100% recycling of all types
of PET waste without loss of quality. Carbios is committed to a
truly circular economy model across the whole value chain of the
plastics and textiles life cycle. At the cusp of industrialisation,
its one-of-a-kind method will fulfil both the European Union's
regulatory requirements2 and the ambitions of large companies that
have announced significant commitments to sustainable materials.
“We were able to demonstrate the significant deployment capacity of
our enzymatic PET recycling technology by bringing our industrial
demonstration unit into operation in September 2021. The grant will
help fund the development of trials on plastic and textile waste at
the demonstration plant, which will help confirm the process's
scale-up and lead to the commercialization of our technology
through licensing,” says Kader Hidra, Carbios’ Chief Financial
Officer.
The LIFE program aims to fund initiatives that meet the
regulations that the European Union is enacting. Recent legislative
reforms2 in favor of an improved end of life of plastics, have
created a major potential for enzymatic recycling of plastics and
textiles in PET.
About Carbios: Carbios, a green
chemistry company, develops biological and innovative processes
representing a major innovation in the end of life of plastics and
textiles. Through its unique approach of combining enzymes and
plastics, Carbios aims to address new consumer expectations and the
challenges of a broader ecological transition by taking up a major
challenge of our time: plastic and textile pollution.
Established in 2011 by Truffle Capital, the mission of Carbios
is to provide an industrial solution to the recycling of PET
plastics and textiles (the dominant polymer in bottles, trays,
textiles made of polyester). The enzymatic recycling technology
developed by Carbios deconstructs any type of PET plastic waste
into its basic components which can then be reused to produce new
PET plastics of a quality equivalent to virgin ones. This PET
innovation, the first of its kind in the world, was recently
recognized in a scientific paper published in the prestigious
journal Nature. Additionally, Carbios is working hand in hand with
multinational brands — like L’Oréal, Nestlé Waters, PepsiCo and
Suntory Beverage & Food Europe — to implement its technology,
and to lead the transition toward a truly circular economy.
The Company has also developed an enzymatic biodegradation
technology for PLA (a bio sourced polymer) based single use
plastics. This technology can create a new generation of plastics
that are 100% compostable in domestic conditions, integrating
enzymes at the heart of the plastic product. This disruptive
innovation has been licensed to Carbiolice, a joint venture created
in 2016, which is now Carbios’ subsidiary.
For more information, please visit www.carbios.com/en Twitter:
Carbios LinkedIn: Carbios Instagram: carbioshq
Carbios (ISIN FR0011648716/ALCRB) is eligible for the PEA-PME, a
government program allowing French residents investing in SMEs to
benefit from income tax rebates.
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 This funding, made up of grants, will be paid in several
instalments over the duration of the project with an initial
payment of 40%. 2 DIR (2019)/904 on single-use plastics, Circular
Economy Action Plan (strategy for textiles and strategy for a
cleaner and more competitive Europe COM (2020)98), The EU Strategy
for Plastics in the Circular Economy European Green Deal COM
(2019)640)
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Carbios Laura Perrin / Agnès Mathé Communication
Department Benjamin Audebert Investor Relations
contact@carbios.com +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@rooneypartners.com +1 212 223 0561
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