CARBIOS achieves the first key milestone in the THANAPLASTTM project and receives almost 1.7 million euros from Bpifrance

Major results from Carbios and Valagro confirm the possibility of planning the life cycle of plastics as claimed by the CNRS / Valagro patent given exclusively to Carbios

THANAPLAST™ is seeking to create genuine industrial value from plastic materials at the end of their useful life. The consortium will leverage biological catalysts with exceptional properties and will develop and patent innovative technologies for producing, transforming and recycling a broad range of plastic materials.

Carbios, a green chemistry company specializing in the development of innovative industrial bioprocesses, proposing new competitive approaches for recovering plastic waste and producing biopolymers today announced  that it received €1.683 million from Bpifrance following the achievement of the first key phase in the THANAPLASTTM project: putting together a toolbox that includes biological catalysts. Carbios will use these tools to break down the 10 key polymers used in the plastics industry and to develop its industrial bioprocesses.

Carbios also announced that new results from Valagro confirm Carbios’ ability to integrate enzymes in plastic materials, maintain enzymatic activity to temperatures reaching 170°C and using it to control the speed of plastic degradation. “While these major results have already been implemented on a specific type of polymer, they will enable us to enter the preindustrial development phase for biodegradable plastics… The revolution promised by Carbios is underway!” said Jean-Claude Lumaret, CEO of Carbios.

Carbios received €3 million today and will receive another €3.8 million from Bpifrance as various THANAPLASTTM phases are completed. The THANAPLASTTM consortium led by Carbios is one of the first plastics-industry projects for the optimization of plastics at the end of their useful life. Carbios leads a team of participants from industry and academia that includes INRA, TWB, INRA [sic] Deinove, Limagrain, and the Barbier Group.  More than 60 researchers are working on the Thanaplast project, which has a five-year budget of €22 million. Bpi has provided Thanaplast with €9.6 million in financing as part of a program to help ISI (Strategic Industrial Innovation) projects. As initiator and head of this strategic project, Carbios will be responsible for most of the budget—€15 million—and will receive €6.8 million of the €9.6 million in financing awarded by Bpifrance to Thanaplast.

“We are very happy with Bpifrance’s continued confidence in us. Now that we’ve put together our kit of biological catalysts, this financing will enable us to continue our development. We will provide biological solutions needed to optimize plastics at the end of their useful life through better recycling of plastic waste, create biodegradable plastics on demand, and develop competitive biopolymers by introducing innovative use of raw materials and plastic waste. This investment shows that our development is progressing smoothly, highlights our upstream collaborative research effort and confirms that the THANAPLASTTM project is highly innovative,” said Jean-Claude Lumaret, CEO of Carbios. Thanaplast™ is the foundation for our future development and will help us provide an increasingly comprehensive toolbox for the production of bioprocesses,” said Jean-Claude Lumaret.

25 million tons of plastic waste are produced in Europe each year[1] (only 25% of which are recycled), which constitutes a valuable store of unexploited renewable resources. Reclaiming such waste is one of Carbios’ central concerns. 

[1] Source: April 2011 European Commission (DG Environment) – Plastic waste in the environment.4 Holding

About CARBIOS

CARBIOS is a green chemistry company whose innovations are designed to meet environmental and sustainable development issues faced by global industrial players. Since its creation in 2011, CARBIOS has developed two industrial bioprocesses dedicated to the biodegradation and the biorecycling of polymers. These innovations, which are a world first, optimize the performance and lifecycle of plastics and textiles by exploiting the properties of highly specific enzymes.

CARBIOS’ economic development model is based on the industrialization and commercialization of its products, enzymes, technologies, and bioprocesses via the concession of licenses, directly or via joint ventures to major industrial players in the sectors that can make use of the Company’s innovative technologies. For instance, CARBIOS created in September 2016 the joint-venture CARBIOLICE, in partnership with Limagrain Ingrédients and the SPI investment fund run by Bpifrance. This company, in which CARBIOS holds a controlling share, will market the first technology licensed by CARBIOS by producing an enzymatic additive making PLA-based plastics (films, bags, packaging) fully compostable in domestic conditions.

Since its creation, CARBIOS benefits from the financial support of the leading European venture capital firm Truffle Capital. CARBIOS was granted the label “Young Innovative Company” by Bpifrance (former OSEO) and is eligible for investments by private equity mutual funds (FCPIs).

For more information, please 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 rebates.

Investor relations & press


CARBIOS
Benjamin Audebert
Investor Relations
+33 (0)4 73 86 51 76
contact@carbios.fr

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

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