CARBIOS announces the development of a new process enabling to depolymerize PET polyester fibers from textile waste

Clermont-Ferrand, France, March 12, 2017 (06:45 AM CET) – CARBIOS (Euronext Growth Paris: ALCRB), pioneer company in the field of bioplasturgy, today announces that it has taken a new step forward in the development of its enzymatic depolymerization process rending it applicable to PET polyester fibers from textile waste.

After the successful demonstration that enzymatic depolymerization applied to PET plastics enables the virtuous cycle of a return to a virgin PET, CARBIOS opens a new major market by depolymerizing 100% PET textile waste fibers into their original monomers: PTA (terephthalic acid) and MEG (mono ethylene glycol). Indeed, polyester is today the single-largest-volume fiber produced globally, taking about a 50% share of the overall fiber market[1]. The dominant type of polyester is polyethylene terephthalate most commonly known as PET. Each year, 43 million tons of PET are produced for the fiber market[2], compared to 15 million tons dedicated to the production of plastic bottles[3].

The key objective of this new process developed with CARBIOS academic partners (INRA/TWB/LISBP) and supported by ADEME Auvergne Rhône-Alpes, is to provide:

  • the recycling industry, a competitive solution to upcycle post-consumer PET polyester fabrics;
  • and the textile industry, the ability to use recycled PET fibers that can fully replace those made from fossil resources.

Thus, contributing to several environmental benefits as the reduction of waste to landfills and reduction of carbon footprint.

Most of textile waste is currently sent to landfills or incinerated and when recycling processes of textile fibers are performed, they are mainly down-cycling, which means a material of lower quality than the original is produced. As Europe and many other countries in the world are struggling to recycle mountains of waste textile, CARBIOS innovative technology will help turn this major environmental threat into a new opportunity based on circular economy principles and focused on positive society-wide benefits.

Alain MARTY, Chief Scientific Officer of CARBIOS comments: “Turning unwanted polyester textiles into high quality raw materials for new products using CARBIOS enzymatic technology is an opportunity for completely changing textile manufacturing and trade in Europe and beyond. From a sustainable perspective, our approach will significantly improve the overall life cycle impact of textile products.”

[1] Source : PCIFibres in 2015, IHS en 2014, PCIFibres in 2014 et Tecnon OrbiChem in 2014

[2] Source : Tecnon in 2013 et IHS in 2014

[3] Source : SRI Consulting in 2010, ICIS en 2009 et Samsung in 2010

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 breakthrough innovations, which are a worldwide premiere, leverage the highly specific properties of enzymes to optimize the performances and the life cycle of plastic and textile materials. 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 Céréales Ingrédients and the SPI investment fund run by Bpifrance. This company, controlled by CARBIOS, will operate the first patented enzymatic biodegradation technology licensed by CARBIOS by producing enzymated pellets to be used for the production of a new generation of bio-sourced and biodegradable plastics. Since inception, 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

ALIZE RP
Caroline Carmagnol / Wendy Rigal
Press Relations
+33 (0)1 44 54 36 66 / +33 (0)6 48 82 18 94
carbios@alizerp.com

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