Carbios secures further funding for PET waste re - sportstextiles: Lea SportsTextiles

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Carbios secures further funding for PET waste recycling

02/07/2019
Bioplastics specialist Carbios has announced that it has achieved a successful capital increase after placing more than two million new shares. It has raised more than €14 million through this activity.  

Among the groups to have contributed to this capital increase are Copernicus AM, Michelin Ventures, Truffle Capital and L’Oréal (via its investment fund). 

Carbios has said 75% of the funds raised will be used to finance an industrial-scale PET biorecycling demonstrator. The rest will go towards ongoing financing of the company. 

Related stories:

Financial boost for Carbios’ novel plastic-recycling plant 21/12/2021
Carbios names CEO as technology heads to commercialisation 12/11/2021
Carbios’ deal boosts enzymatic recycling plans 27/04/2021
Carbios gets €1.4m from ADEME after milestone in PET recycling project 03/12/2019
Carbios secures second US patent 26/06/2019
US recognition for Carbios depolymerisation technology 04/04/2019
Carbios makes progress with depolymerisation technique 15/03/2018
Carbios awarded for novel PET recycling process 30/11/2017

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