CARBIOS FCC
Clermont-Ferrand (France) and Doncaster, England (UK), Tuesday 6 August 2024 (06.45 CEST). CARRIAGE, (Euronext Growth Paris : ALCRB), a pioneer in the development and development of biotechnology to restore the life cycle of plastics and textiles, and FCC Environment UK (“FCC”), one of the The UK’s leading recycling and waste management companies have signed a Letter of Intent (LOI) to jointly study the operation of a plant based in the UK that uses CARBIOS’ patented PET biorecycling technology. CARBIOS biorecycling technology is the key to support The FCC’s ongoing plan to contribute to the circular economy by exploring new methods and technologies to produce recycled PET (r-PET) from PET plastic and textiles. For CARBIOS, this LOI warrants interest from the waste management sectorin addition to plastic manufacturers, and it would mean the location of its technology in the UK.
FCC’s continued contribution to the UK’s circular economy
Recycling has gained momentum in the UK in recent years, but UK Government policy strongly supports the continued development of a circular economy that supports the FCC environment. Achieving a circular economy however requires innovation and investment to bring about real environmental change. Exploring biorecycling is one way to do this, so the FCC is committed to better understanding this technology by seeking an evidence-based perspective on the benefits of using enzymes for PET processing such as lower energy consumption. and better recycling of polymers back into PET. production lines. The new depolymerization process developed by CARBIOS also enables the recycling of all types of PET waste, including problematic particles such as polyester fibers, into high-quality recycled PET.
The UK PET biorecycling plant would deal with waste that is difficult to recycle
In order to deal with the problem of plastic waste, CARBIOS has developed a revolutionary enzymatic depolymerization technology that enables efficient and solvent-free processing of PET plastic and textile waste into virgin products. CARBIOS has ambitious plans to become the leading technology provider for PET recycling by 2035. In addition to the world’s first industrial PET production facility under construction in Longlaville, France, this plant of the UK would deal with PET waste. that cannot currently be recycled using conventional recycling methods, such as colored, multi-colored or textile waste.
Emmanuel Ladent, CEO, CARBIOS: “By creating value from waste, CARBIOS’ PET biorecycling technology is generating great interest from waste management companies, which shows that the CARBIOS solution is important for PET producers and management companies For CARBIOS, partnering with FCC means access to the food supply at the source through its organized collection systems, improving the efficiency and impact of our sustainable waste solutions that combining our areas of expertise will benefit both our companies, and accelerate the circular economy.”
Steve Longdon, CEO, FCC Environment UK: “To meet the challenges set out in the Environmental Law, we need to think creatively about how we get the value of the materials that society no longer wants, and textiles, as we know from the work of We are keen to explore with CARBIOS how much this technology can contribute to the UK’s circular economy and explore its role in waste management. of the UK from a solid evidence base.”
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About CARBIOS:
CARBIOS is a biotech company that develops and manufactures industrial biological solutions to innovate the life cycle of plastics and textiles. Inspired by nature, CARBIOS develops enzyme-based processes to break down plastic with the aim of avoiding plastic and textile pollution, and accelerating the transition to a circular economy. Its two disruptive technologies for the biorecycling of PET and the biodegradation of PLA reach the industrial and commercial level. Its biorecycling demonstration plant is operational from 2021 and the first industrial plant, in partnership with Indorama Ventures, is currently under construction. CARBIOS, founded in 2011 by Truffle Capital, has received scientific approval, especially with the cover of Nature, and is supported by famous brands in the cosmetics, Food and Beverage and clothing industries to improve the use of their products and rotate. Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe are members of the packaging association established by CARBIOS and L’Oréal. Going forward, Patagonia, PUMA, PVH Corp. and Salomon are partnering with CARBIOS in the textile industry.
Visit www.carbios.com/en to learn more about biotechnology that strengthens plastics and recycled textiles.
For the latest news and media materials, visit our newsroom: www.carbios.com/newsroom/en/
inkedIn: CARBIOS / Instagram: insidecarbios
Details on CARBIOS features:
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ISIN code: |
FR0011648716 |
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Ticker Code: |
Euronext Growth: ALCRB |
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NAME: |
969500M2RCIWO4NO5F08 |
CARBIOS qualifies for PEA-PME, a government program that allows French citizens investing in SMEs to benefit from tax breaks.
About the FCC Environment FCC Environment is one of the UK’s leading recycling and waste management companies, offering a wide range of services, from commercial and municipal waste collection to recycling and processing, and produce green energy from non-recyclable waste.
Our approach is to reduce the amount of waste that ends up in landfill by turning it into valuable resources wherever possible, helping local authorities and businesses to deal with their waste as efficiently as possible while still achieving all legal and regulatory requirements.
We employ more than 55,000 people worldwide and 4222 people across the UK to operate a wide range of waste management sites designed to meet the needs of our customers. At the FCC site, we use 1.5m tonnes of waste and generate over 167MW of green energy each year.
Our five core services:
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Commercial waste solutions
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Municipal services
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Recycling
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Green energy
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Waste treatment
To learn more about the FCC environment please visit Homepage – FCC Environment
Disclaimer regarding forward-looking statements and risk factors:
This press release contains forward-looking statements, not historical data, and should not be considered a guarantee that the facts and figures stated will occur. These forward-looking statements are based on data, assumptions and estimates deemed reasonable by CARBIOS. CARBIOS operates in a competitive and rapidly changing environment. It is therefore not in a position to anticipate all risks, uncertainties or other factors that may affect its business, the possible impact on its business or whether the occurrence of a risk or combination of risks may lead to significantly different results. and those referred to in any forward-looking statement. CARBIOS draws your attention to the fact that forward-looking statements are in no way a guarantee of its future performance and that its financial position, results and cash flow and the development of the sector in which CARBIOS operates they may differ materially from those expressed or suggested by the forward-looking statements contained in this document. In addition, even if CARBIOS’ financial position, results, cash flows and developments in the industry in which it operates are consistent with the forward-looking information contained in this document, such results or developments may I may not be a reliable indicator of the future of CARBIOS. results or updates. Readers are advised to carefully review the risk information described in Universal’s registration document filed with the French Market Authority (“AMF”), as well as in the semi-annual financial report available free of charge on the Company’s website. If all or any part of these risk factors arise or others, CARBIOS will in no way be responsible to anyone for any decision made or action taken as well as information and / or statements contained in this publication or for any related damages. This information is provided only as of the date of this press release. CARBIOS makes no commitment to publish updates to this information or to the concepts based on it, except to comply with any legal or regulatory obligation applicable thereto.
This press release and the information provided herein do not constitute an offer to sell or a solicitation of an offer to buy or subscribe for CARBIOS shares in any country.
The translation is provided for informational purposes only.
In the event of a discrepancy between the French and English versions of this publication, the English version shall prevail.
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