Carbios is a signatory to the European Plastics Pact, a public-private initiative to promote the circular economy of plastics

  • A coalition to increase the management efficiency of the lifecycle of plastic materials and support the development of innovative technologies

Clermont-Ferrand, France, March 6, 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 the signing of the European Plastics Pact on the occasion of its official launch in Brussels on March 6th, 2020.

This Pact forms a European network of companies, States and NGOs who want to join forces to create a true circular economy of plastics that enables all market players to meet, or even exceed, the plastic recycling targets set by the European Union. This public-private coalition will work, on all levels, to improve the recyclability and reusability of products by incorporating more recycled materials into new products and packaging.

As such, Carbios’ innovation, in the field of plastic recycling, is a pioneering solution to help achieve these objectives. In a collaborative and cross-border approach, Carbios and Pact partners want to share their expertise to engage all stakeholders in virtuous management of the plastics lifecycle. In this context, the signatories will ensure a complementarity with existing global initiatives, whose foundations are aligned with the New Plastics Economy Global Commitment of the Ellen MacArthur Foundation and the Circular Plastic Alliance.

Jean-Claude Lumaret, CEO of Carbios comments: “This European Pact marks a new step towards the deployment of a real circular economy based on innovation and collaboration between the most committed market players and the Member States to sustainable development. We are proud to contribute to its implementation and share this collective ambition to achieve a better management of the lifecycle of plastic.”

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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