CARBIOS receives € 1.6 million from Bpifrance for completing the third development stage of the THANAPLAST™ project

CARBIOS (NYSE Alternext in Paris: ALCRB), an innovative green chemistry company specializing in breakthrough technologies dedicated to the recovery of plastic waste and the production of bio-polymers, announces having received € 1.6 million from Bpifrance for completing the third development stage of its collaborative project THANAPLAST™, spearheaded by CARBIOS.

This payment is the result of having achieved the targets initially set under the THANAPLAST™ project for the bioprocesses developed at a pre-pilot stage, including biodegradation, bio-recycling and bioproduction of PLA. During this third key stage, CARBIOS announced multiple successes in the development of its technologies, in particular in the bio-depolymerization and the biodegradation of PLA. With these results, CARBIOS also announced the launch of its plastics processing pilot plant and a new collaboration with CRITT Bio-Industries in Toulouse, enabling to pursue respectively the development of CARBIOS’s biodegradation and biorecycling processes.

THANAPLAST™ is a collaborative Research & Development project initiated and directed by CARBIOS

and supported by Bpifrance within the framework of an ISI grant (Industrial Strategic Innovation). CARBIOS is the lead manager of the project and has brought together several academic and industrial partners under this umbrella (the CNRS/University of Poitiers, the INRA/TWB, Deinove, Limagrain Céréales Ingredients and the Groupe Barbier). This structuring project, launched in 2012 and carried out over 5 years, is based on five key stages, each corresponding to successive steps so to achieve the industrialization stage at the term of the 5-year period. 60 scientific researchers have been working exclusively on the bioprocesses developed by CARBIOS since 2012.

With a global budget of € 22 million over 5 years, including € 15 million directly raised by CARBIOS, financing support from Bpifrance to THANAPLAST™ accounts for € 9.6 million, of which € 6.8 million are directly allocated to CARBIOS. To date, CARBIOS has received € 5.3 million and is slated to collect € 1.5 million from Bpifrance at the completion of future development stages.

“Once more, Bpifrance expresses its confidence in the running of the THANAPLAST™ project. We have been a leader in the field by initiating and consolidating a public/private partnership that brings together the top French talent working on the subject. The major results obtained by the THANAPLAST™ project’s consortium validate the potential synergies between the academic and industrial worlds. CARBIOS also reaffirms the relevance and efficiency of its upstream collaborative research model which enables to respect the progress and timeframe of this project,” concluded Jean-Claude Lumaret, CEO of CARBIOS.

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
Press Relations Europe
+33 (0)1 44 54 36 66
carbios@alizerp.com

ROONEY PARTNERS
Kate L. Barrette
Press Relations U.S.
+1 212 223 0561
kbarrette@rooneyco.com

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