CARBIOS brings together players in the textile sector to drive circularity in the sector in the presence of Mr. Bruno Le Maire, Minister of the Economy, Finance and Industrial and Digital Sovereignty
Clermont-Ferrand (France), February 19, 2024 (06:45 CET).
CARBIOS,
(Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastics and textiles, had the honor of the visit of Mr. Bruno Le Maire, Minister of Economy, Finance and Industrial and Digital Sovereignty, at its headquarters in Clermont-Ferrand where its industrial demonstrator is located. In the presence of industry players, local representatives, partners and investors, through his visit, the Minister supports CARBIOS and supports the creation of a textile recycling industry. The construction in France of the first enzymatic PET biorecycling plant by CARBIOS marks a major step forward towards the establishment of a circular economy for plastics and textiles. This innovation in the process of industrialization demonstrates to what extent the ecological transition also offers the opportunity for a green reindustrialization of France, and that the circular textile economy is a sector that creates environmental value, growth and jobs. .
CARBIOS has developed a technology for recycling PET by enzymatic depolymerization which also applies to polyester textiles. The industrial demonstrator co-financed by the EIB, equipped with its own patented textile preparation line inaugurated in October 2023, will incorporate textile waste prepared in the CARBIOS process for large-scale recycling. The world’s first biorecycling plant is under construction in Longlaville, in Meurthe-et-Moselle.
Bruno Le Maire, Minister of the Economy, Finance and Industrial and Digital Sovereignty:
“CARBIOS demonstrates that it is possible to combine ecological transition, Made In France and economic growth. It is a magnificent example of what entrepreneurial ambition, creative science and passionate women and men can accomplish in the service of the planet. I had the pleasure of seeing the CARBIOS industrial demonstrator in operation, which can recycle bottles, PET packaging and polyester textiles many times, it is impressive. The next step: the opening of the CARBIOS factory in Longlaville in Meurthe-et-Moselle which the State co-finances, to recycle 50,000 tonnes per year of waste, then, hopefully, other factories in France, in Europe and around the world, able to meet the strong expectations of consumers and brands committed to the environment.”
Philippe Pouletty, Founder and Chairman of the Board of Directors of CARBIOS:
“We would like to thank Mr. Bruno Le Maire for his visit which honors us, and for the strong support of the State for CARBIOS, in particular through France 2030. CARBIOS demonstrates that science and radical innovation can help to forge a constructive ecology to solve a serious problem affecting the planet, invaded by plastic and textile waste. Recycling plastics with CARBIOS biotechnologies will also reduce our dependence on hydrocarbons, while preserving the rational use of plastics. The good synergy between our private investors, state aid and European aid can allow CARBIOS to potentially become a world leader. »
Emmanuel Ladent, Managing Director of CARBIOS:
“CARBIOS is the link between the world of biotech and that of textiles: as long as there are no technological solutions for textile recycling, there will be no viable sector or true circularity . Thanks to the unfailing support of the State, as demonstrated by the visit of Mr. Bruno Le Maire, the industrialization of CARBIOS’ biorecycling innovation is ready with our first factory under construction in Longlaville. The textile recycling sector is developing and the other links in the chain (collection, sorting and preparation) will also be ready: this circular textile sector will be in France, industrial and creating jobs in the service of the environment . »
Key dates in the development of textile biorecycling
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2018 | First laboratory work on the depolymerization of textiles |
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2021 | First tests on textiles on a pilot scale |
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2022 | Pilot-scale production of a biorecycled white fiber from colored fibers |
Carbios launches a textile consortium with On, Patagonia, Puma and Salomon | |
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2023 | PVH Corp. (which owns the iconic brands |
Patent filed on the textile preparation line | |
Inauguration of the textile preparation line at the industrial demonstrator | |
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2024 | Textile biorecycling on industrial demonstrator scale |
As part of France 2030, the State and the Grand Est Region are supporting CARBIOS to the tune of 54 million euros.
France 2030 is an investment plan of unprecedented scale. 54 billion euros will be invested so that companies, universities, and research organizations are able to respond competitively to the ecological and attractiveness challenges of the coming world, and to bring out the future leaders of our supply chains. 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 until its industrialization.
Co-financed by the European Union. The views and opinions expressed, however, are solely those of the author(s) and do not necessarily reflect those of the European Union or CINEA. Neither the European Union nor the granting authority can be held responsible.
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About CARBIOS:
CARBIOS is a biotechnology company that develops and industrializes biological solutions to reinvent the life cycle of plastics and textiles. Inspired by nature, CARBIOS develops biological processes based on enzymes to deconstruct plastics with the mission of avoiding plastic and textile pollution, and accelerating the transition to a circular economy. Its two innovative technologies dedicated to the biorecycling of PET and the biodegradation of PLA are in the industrial and commercial scale-up phase. Its industrial biorecycling demonstration plant has been operational since 2021 and the world’s first biorecycling plant will be commissioned in 2025 in collaboration with Indorama Ventures. CARBIOS, founded in 2011 by Truffle Capital, received major scientific recognition with the cover of Nature and is supported by prestigious brands from the cosmetic, food and clothing industries, with a view to improving the recyclability and circularity of their products. 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 are collaborating with Carbios in a textile consortium.
Visit the site
www.carbios.com
to find out more about biotechnologies serving the circularity of plastics and textiles.
For our news and images, visit our newsroom: www.carbios.com/newsroom
LinkedIn: Carbios / Instagram: insidecarbios
Information on CARBIOS shares:
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ISIN Code: | FR0011648716 |
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Ticker Code: | Euronext Growth: ALCRB |
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LEI: | 969500M2RCIWO4NO5F08 |
This press release and the information it contains do not constitute an offer to sell or a solicitation of an offer to purchase or subscribe for shares of Carbios in any country.
CARBIOS is eligible for PEA-PME, a government program allowing French residents investing in SMEs to benefit from income tax reductions.
Disclaimer regarding forward-looking information and risk factors:
This press release contains forward-looking statements, not historical data, and should not be construed as a guarantee that the stated facts or data will occur. These forward-looking statements are based on data, assumptions and estimates considered reasonable by CARBIOS. CARBIOS operates in a competitive and rapidly changing environment. The company is therefore not able to anticipate all risks, uncertainties or other factors likely to affect its business, their potential impact on its business or the extent to which the materialization of a risk or combination risks could cause results to differ materially from those discussed 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 financial position, its actual results and cash flows as well as the evolution of the sector in which CARBIOS operates may be significantly different from those proposed or implied by the forward-looking statements contained herein. Furthermore, even if the financial position, results, cash flows and developments in the sector in which CARBIOS operates are consistent with the forward-looking information contained herein, such results or developments may not constitute a reliable indication of results. or future developments of CARBIOS. Readers are invited to carefully examine the risk factors described in the universal reference document filed with the Autorité des Marchés Financiers (“AMF”), as well as in the half-yearly financial report available free of charge on the Company’s website. In the event of the occurrence of all or part of these risk factors or others, CARBIOS cannot under any circumstances be held responsible for any decision or action taken in relation to the information and/or statements contained in this press release or any related damage. This information is given only as of the date of this press release. CARBIOS does not undertake to publish updates to this information or the assumptions on which it is based, except in the event of a legal or regulatory obligation which would be applicable to it.
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