Financial boost for Carbios’ novel plastic-recycling plant
21/12/2021
The French company claims its enzymatic solutions have the potential to contribute to the plastic’s industry sustainability by breaking down end-of-life of plastic and textile polymers.
At industrial scale, Carbios proprietary technology would allow PET plastic producers to replace petrochemicals with monomers from PET plastic waste, resulting in 100% recycled PET content in new products.
Emmanuel Ladent, CEO of Carbios, said: “The EIB facility is highly valuable to the Company as we are moving forward to the industrialization and licensing of our recycling technology, C-ZYME. Our industrial demonstration plant entered operations in September 2021 and this financing will contribute to confirm the process's scale-up and the gradual transformation of Carbios into a leading industrial and commercial player helping both brands and plastics producers to shift from a plastic waste problem to a carbon footprint reducing solution.”
Mariya Gabriel, European commissioner for innovation, research, culture, education and youth, said: “Around 26 million tons of plastics waste are generated in Europe each year, of which only a fraction is currently recycled. By supporting this project we intend to contribute to plastics’ industry circularity, as well as sustainability. Once again, research and innovation are proving essential to advance on our quest for an economy that respects the planet.”
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