Carbios enters joint development agreement with Novozymes to produce its proprietary enzyme for complete recycling of PET-plastics and fibers

The global agreement is an exclusive partnership for scaling up and producing PET-degrading enzymes

The JDA leads way toward circular economy

 

Clermont-Ferrand, France, January 30, 2020 (06:45 AM CET) CARBIOS (Euronext Growth Paris: ALCRB), a company pioneering new bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers, announced today an exclusive partnership (Joint Development Agreement) with leading biological solutions company, Novozymes. This agreement secures the production of Carbios’ proprietary PET-degrading enzymes at both a demonstration level and an industrial scale. The agreement also represents a critical step for Carbios in demonstrating the positive environmental impact of its technology and ensures it can provide its future customers with a sustainable solution for the infinite recycling of PET-based products, such as water and soda bottles, plastic packaging and textiles.

Jean-Claude Lumaret, CEO of CARBIOS, said: “Many years ago we envisioned the great potential of enzymes to bring PET-based plastics and fibers into the circular economy. Following a first partnership on PLA biodegradation with Novozymes that began in January 2019[1], today’s agreement on PET recycling reinforces our collaboration. It also demonstrates the trust that the world’s largest provider of enzyme technologies has placed in Carbios. We are proud to share this common ambition to preserve the planet’s resources and to work together with Novozymes, to help build a more sustainable world.

Jens Kolind, VP Household Care Global Marketing at Novozymes adds: “At Novozymes, we help bring biological answers to many of the global challenges we face today. We are happy to expand our collaboration with Carbios where we work together on finding biological solutions to address the significant sustainability challenge of plastic pollution.”

Carbios has developed a biology-based solution which uses enzymes to break down widely used PET plastics and fibers. Unlike the limited recycling potential of mechanical processes, Carbios’ approach gives new value to plastic, preventing post-consumer plastics from manifesting as waste. Transforming the way plastics are produced and safely recycled requires unprecedented levels of innovation and collaboration. This agreement with Novozymes, along with the support and vision of Carbios’ consumer brand Consortium[2], which includes L’Oréal, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe, brings the company’s patented solution one step further towards industrial and commercial reality.

Drawing on the company’s proprietary enhanced recycling technology and the extensive experience of its partners, Carbios will launch the construction of a demonstration plant for the recycling of PET-based plastics and polyester fibers in 2020. The first operations are expected to begin in 2021, prior to a large-scale industrial deployment.

[1] Cf. press release dated January 29, 2019

[2] Cf. press release dated April 29, 2019

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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