Carbios will obtain total aid of €54 million from the State via France 2030 and the Grand-Est Region to finance the world’s first PET biorecycling plant and accelerate its R&D work – 05/31/2023 at 18:30

Carbios announces the selection of its project by the State with a view to obtaining funding of up to 30 million euros from the State within the framework of France 2030, as well as 12.5 million euros from the Grand Est region. The implementation of this financing is subject to the approval by the European Commission of the corresponding State aid scheme and then to the conclusion of national aid agreements. As part of the national “Plastics Recycling” call for projects operated by ADEME, the Carbios project to industrialize its unique PET biorecycling process was selected.

Carbios also announces the granting of a total financing of 11.4 million euros by the State within the framework of France 2030, including 8.2 million euros directly for Carbios (5 million euros in the form of advances) and 3.2 million euros for its academic partners INRAE, INSA and CNRS via the joint TWB service and TBI research units. This aid will allow the continuation of research into the optimization and continuous improvement of the enzymatic technologies developed by Carbios, as well as the exploration of new breakthrough solutions.

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