CARBIOS and CARBIOLICE enter into a joint development agreement with NOVOZYMES for long-term supply of enzymes at industrial-scale

  • A collaboration to develop solutions for global plastic challenges
  • First enzyme-based solution for the end-of-life of plastics

Clermont-Ferrand, France, January 29, 2019 (06:40 AM CET)CARBIOS (Euronext Growth Paris: ALCRB) announced today the execution of a joint development agreement between the world-leading enzymes producer NOVOZYMES, CARBIOS and its subsidiary CARBIOLICE. 

Joint-Development Agreement 

Under the terms of this multi-year agreement, NOVOZYMES will upscale and produce CARBIOS’ proprietary enzymes. NOVOZYMES commits to become long-term exclusive supplier of plastics degrading enzymes to CARBIOLICE, a subsidiary to CARBIOS. This collaboration is a world premiere in the field of bioplasturgy that aims to act as a catalyst by making single use plastics environmentally-friendly and cost competitive.

Industrial roll-out

CARBIOLICE, the joint-venture created by CARBIOS, Limagrain Céréales Ingrédients and Bpifrance (the financial might of France’s sovereign wealth fund), will produce and commercialize a new generation of products enabling single-use plastics to be fully biodegradable in any environmental condition.

The range of commercial applications in target are single-use plastics for grocery and retail bags, rigid and flexible packaging, disposable tableware and agricultural mulch films. With this technology, CARBIOLICE will have the opportunity to take a leading position on the market by addressing the major environmental concern with single-use plastics, and by this prevent their widespread use from harming our environment.

CARBIOS will be entitled to receive royalty payments from CARBIOLICE as of the commercial launch, expected in 2020.  

A general commitment to preserve our planet

CARBIOS, CARBIOLICE and NOVOZYMES are today joining efforts to tackle plastics environmental impact. Together, the companies aim to provide a breakthrough solution that allows the biodegradation of single-use plastics in an eco-friendly manner that has never been achieved before. 

Jens KOLIND, VP Technical Industries at NOVOZYMES comments: “We are excited to be part of this joint collaboration where we work together on finding biological solutions to answer one of the biggest challenges of our time.

Jean-Claude LUMARET, CEO of CARBIOS adds: “The market of single-use plastics raises major environmental concerns and our sustainable and inventive approach is now opening huge opportunities to fulfil industrials and consumers demand while fighting the threat of plastic pollution. We are proud of this partnership with the world leading enzymes producer NOVOZYMES, that gives us the strength to launch at large-scale the most advanced eco-friendly solution for the biodegradation of plastics.” 

Nadia AUCLAIR, CEO of CARBIOLICE comments: “This major agreement with NOVOZYMES secures our long-term supply of enzymes to move from traditional manufacturing to sustainable solutions that meet strong market demand. Today, we are proud to make of our solution, an industrial and commercial reality.”   

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.fr/en/

Twitter: Carbios  Linkedin: Carbios  Instagram : carbioshq

Carbios benefits from the qualification “Innovative Company” of Bpifrance allowing the eligibility of the Company’s securities for the investment of Mutual Funds Placement in Innovation (FCPI). For more information, please visit: www.carbios.fr

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.

Investor relations & press


CARBIOS
Benjamin Audebert
Investor Relations/Corporate Communications
+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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