THANAPLAST™ successfully completes the second stage of its development

  • Validation of the project’s feasibility and launch of its pre-industrial pilot

  • Carbios receives € 0.7 million from Bpifrance

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 € 0.7 million from Bpifrance for completing the second development stage of its collaborative project, Thanaplast™, spearheaded by Carbios.

 

The results obtained by the consortium of partners brought together during this stage met the research performance goals set for the bioprocesses developed under the Thanaplast™ project. Carbios received the expected public co-funding intended to help the company initiate the pre-industrial pilot of these bioprocesses.  Notable examples of these bioprocesses include the production of an innovative self-destructible plastic material and a biological recycling process for a first polymer, the polylactic acid (PLA).

 

“The teams validated the proof of concept in laboratory tests for at least one application for each of our bioprocesses (biodegradation, bio-recycling and bio-production). These results are in line with the objectives initially set by the Thanaplast™ project and we are confident in our ability to get these first applications to the industrialization stage,” explained Jean-Claude Lumaret, CEO of Carbios.

 

The Thanaplast™ Project

To date, Carbios has received € 4.5 million and is slated to collect € 2.3 million from Bpifrance at the completion of future development stages. This expansive project, one of the first to address the recovery of end-of-life plastic waste, brings into collaboration several academic and industrial partners (CNRS, INRA, TWB, Poitiers University, Deinove, Limagrain the Barber Group), with Carbios at the heart of it. With a budget of € 22 million over 5 years, including € 15 million directly raised by Carbios, Thanaplast™ unites more than 60 researchers and is supported by Bpifrance as part of the French Strategic Industrial Innovation (ISI) projects assistance program. Bpifrance’s financial support amounts to € 9.6 million, of which € 6.8 million are directly allocated to Carbios. This project is segmented into five key phases, each corresponding to a successive developmental advancement so to achieve the industrialization stage in 5 years.

 

“We are pleased with the renewed trust we received from Bpifrance, proof that the Thanaplast™ project is running smoothly. 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,” 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 innovations, which are a world first, optimize the performance and lifecycle of plastics and textiles by exploiting the properties of highly specific enzymes.

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 Ingrédients and the SPI investment fund run by Bpifrance. This company, in which CARBIOS holds a controlling share, will market the first technology licensed by CARBIOS by producing an enzymatic additive making PLA-based plastics (films, bags, packaging) fully compostable in domestic conditions.

Since its creation, 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

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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