CARBIOS successfully completes final key stage of the THANAPLAST™ project and receives €1 million from Bpifrance

Clermont-Ferrand, France, January 11, 2018 (06:45 AM CET) – CARBIOS (Euronext Growth Paris: ALCRB), pioneer company in the field of bioplasturgy, today announces the successful completion of the fifth and final key stage of the THANAPLAST™ project and the payment of €1,021,871 from Bpifrance for having achieved this new milestone.

The THANAPLAST™ project accounts for a budget of €22 million over 5 years, including €15 million directly raised by CARBIOS. Financing support from Bpifrance represents €9 million, of which €6.8 million were directly allocated to CARBIOS in successive installments at the completion of the five key stages of the project.

As lead of this program, CARBIOS has brought together key academic and industrial partners within THANAPLAST™ (INRA, TWB, INSA de Toulouse – LISBP/Critt-Bioindustries -, CNRS, Université de Poitiers, Limagrain Céréales Ingrédients, Group Barbier and Deinove). Right from the beginning in 2012, 60 scientists have been involved to ensure the development of CARBIOS’ bioprocesses. Carried out over 5 years, this collaborative project has just been successfully completed in accordance with the initial timing and objectives.

During the final key stage, CARBIOS published several announcements on successful developments of its technologies. In the field of biorecycling, CARBIOS demonstrated its ability to synthetize PET oligomers made out of terephthalic acid coming from its biorecycling process of PET plastic bottles, and then to produce virgin PET from post-consumer PET plastic bottles treated by enzymatic hydrolysis. Beyond these results comforting the technological value of the innovations developed with the THANAPLAST™ project partners, CARBIOS pursued the industrialization of its biodegradation process through the joint-venture CARBIOLICE, created in 2016 with Limagrain Céréales Ingrédients and the SPI funds run by Bpifrance.

Alain MARTY, Scientific Director of CARBIOS, is delighted of the success of the THANAPLAST™ project: “This 5-year research and development program has led to the emergence of two valorization routes for plastics end-of-life: the biodegradation of PLA-based plastics and the recycling of PET, the predominant plastic in our bottles and trays. Highly specific enzymes have been discovered and optimized to enable their introduction at a very high temperature within a plastic and to improve their catalytic properties. This work has led to the development of very innovative processes whose industrial implementation is already conducted within CARBIOLICE since 2016. Our next step will be to launch a PET biorecycling pilot plant. Thank you to everyone who contributed to these successes.”

Through this major collaborative project, our ambition was to bring together the best academic and private scientists to introduce a real breakthrough technology in the world of plastics. The work of the teams involved in the THANAPLAST™ program has produced remarkable results and I particularly want to thank our partners for their implication. We are now in the industrial scale-up stage of our processes to make these innovations concrete and engage a major change in the way we handle plastics life-cycle”, concluded Jean-Claude LUMARET, CEO of CARBIOS.

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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