Carbios: Update on Plan to Build a First-of-a-Kind Production Unit
April 28 2021 - 1:22PM
Business Wire
- Carbios takes notice of the termination of the Expression Of
Intent with Equipolymers
- Confirmation of on-going discussions under the Expression Of
Intent agreement signed with a significant PET producer as
announced on April 26th, 2021
- Carbios confirms its plans to build a first-of-a-kind
production unit once site selection is completed in 2022
Regulatory News :
Carbios (Euronext Growth Paris: ALCRB), a company
pioneering new enzymatic solutions to reinvent the lifecycle of
plastic and textile polymers, announces the termination, on April
28th, 2021, of the non-exclusive and non-binding Expression Of
Intent with Equipolymers previously announced in the press release
dated April 6th, 2021.
Carbios confirms its plan to build a first-of-a-kind production
unit after site selection is completed in 2022.
Carbios remains committed to continuing the current discussions
with a significant PET producer, announced on April 26th, 2021, for
the purpose of selecting the most suitable site to build this first
industrial and commercial unit.
About Carbios:
Carbios, a green chemistry company, develops biological and
innovative processes to revolutionize 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 energy 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, in which Carbios now holds a majority stake alongside the
SPI fund operated by Bpifrance.
For more information, please visit https://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.
This press release does not constitute and cannot be regarded as
constituting an offer to the public, an offer to sell or a
subscription offer or as a solicitation to solicit a buy or sell
order in any country. Translation for information purposes only. In
case of discrepancy between the French and the English version of
this press release, the French version shall prevail.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210428005932/en/
Carbios Agnès Mathé Communication Department
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@rooneyco.com +1 212 223 0561
Carbios (EU:ALCRB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Carbios (EU:ALCRB)
Historical Stock Chart
From Apr 2023 to Apr 2024