CARBIOS announces grant of U.S. patent for its PET recycling technology

  • Company’s PET enzymatic recycling technology recognized for its patentability
  • Core process and technology protected until 2033
  • CARBIOS now holds 29 patent families worldwide, 11 related to PET recycling technology

 

Clermont-Ferrand, France, March 28, 2019 (06:45 AM CET)CARBIOS (Euronext Growth Paris: ALCRB), a company pioneering new, bioindustrial solutions to reinvent the lifecycle of plastic and textile polymers, is pleased to announce that the United States Patent and Trademark Office (USPTO) has granted CARBIOS a patent on its proprietary process for PET recycling from plastic waste using enzymatic technology.

The patent granting (US 10,124,512) recognizes CARBIOS for its invention of a method for recycling polyethylene terephthalate (PET) from a mixture of plastic waste products using enzymes, to specifically depolymerize PET into its basic monomers. The monomers can then be transformed back into usable polymers for the manufacturing of new plastic products, such as bottles and packaging.

This patent, filed back in November 2013 by CARBIOS, is the first granted patent in the U.S. applied to this innovative PET plastic recycling method. This U.S. patent protects CARBIOS’ proprietary innovation through 2033. Beside the acceptance of this patent, CARBIOS currently holds 98 titles worldwide representing 29 patent families, six of which protect in full its proprietary method of biorecycling and five of which are related to PET degrading enzymes.

Jean-Claude Lumaret, CEO of CARBIOS, comments, “This patent strengthens our competitive position for the recycling of PET and it is gratifying to have the United States Patent and Trademark Office recognize the innovative nature of our proprietary technology.”

North America (United States, Canada, and Mexico) represents a significant contribution of the global PET market, producing 7% (4,6 Mt)[1] and consuming 21% (14,6 Mt)[2] of the world’s PET. The U.S. acceptance of CARBIOS’ patent on its process for PET recycling from plastic waste using enzymatic technology further confirms the strength of its intellectual property rights and paves the way for the Company’s expansion within this market.

CARBIOS’ biological process for depolymerizing PET allows for the development of a cost-efficient circular economy for plastic recycling without the need for extensive sorting generally required by conventional thermo-mechanical or chemical methods. Indeed, biorecycling of PET plastic using CARBIOS’ technology could lead to a much higher rate of efficient plastic recycling worldwide.

[1] Source: IHS Markit in 2018

[2] Source: IHS Markit in 2018, Transparency Market Research in 2015 and Pira International in 2012

About Carbios

Carbios is a green chemistry company whose innovations help address the environmental and sustainable development challenges facing manufacturers. Since its creation in 2011 by Truffle Capital, the Company has developed, through biotechnology, two industrial processes that revolutionize the biodegradation and recycling of polymers. These innovations, 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 and/or enzymes, technologies and bioprocesses through license concessions directly or through joint ventures to major industrial players or sectors concerned by the Company’s innovations. As such, Carbios created the joint venture Carbiolice in September 2016, in partnership with Limagrain Ingredients and the SPI fund operated by Bpifrance. This company, of which Carbios has majority control, will exploit the first technology licensed by Carbios by producing enzymatic granules for the production of biodegradable and biobased plastics.

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 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

Go to top