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Home > News > Recycling

EIB finances €30 million loan for Carbios’ enzymatic recycling technology

Source：Adsale Plastics Network Date ：2022-01-05 Editor ：JK

Carbios and the European Investment Bank (EIB) announce the signing of a €30 million loan agreement supported by the European Commission InnovFin Energy Demonstration Programme.

 

The aim of this type of financing is to support high potential innovative projects developed by companies aiming to achieve transformative changes aligned with the EU Climate goals and contribute to the EU industry’s leadership in the development of sustainable technologies. Carbios meets these criteria with its world’s first enzyme-based processes which have the potential to contribute to the plastic’s industry sustainability.

 

In this context, and after a thorough analysis of Carbios’ business model and the due-diligence led by the EIB over the past year, this loan has been granted to support the strategic industrial and commercial development of Carbios technology of PET enzymatic recycling aiming at transforming post-consumer PET plastic and polyester fibers to their original building blocks (monomers) through a biological enzymatic depolymerization process.


1.jpg

EIB loan funding will provide support to the ongoing industrialization of Carbios’ technology, C-ZYME.


The EIB loan contract reflects Carbios potential to address the growing concern of plastics pollution through the development of its enzymatic recycling process, a disruptive technology that could accelerate the transition to plastics Circular Economy.

 

Unlike conventional recycling processes, Carbios technology converts PET plastic (the dominant polymer in bottles, trays and textiles made of polyester) into its core monomers, which can then be used for feedstock as new 100% recycled PET suitable for all original applications.

 

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.

 

“We are very pleased with this agreement signed with the European Investment Bank and I would like to thank all the stakeholders who contributed to its realization. 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,” told Emmanuel Ladent, CEO of Carbios.

 

Ambroise Fayolle, EIB Vice-President, stated, “With a shared vision, the EIB and Carbios today join forces by combining economic efficiency with environmental performance to deliver transformative changes in the Plastics Circular Economy. We have the duty to promote new sustainable solutions and take ambitious actions to preserve our ecosystems and fight climate change.”

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Source：Adsale Plastics Network Date ：2022-01-05 Editor ：JK

Carbios and the European Investment Bank (EIB) announce the signing of a €30 million loan agreement supported by the European Commission InnovFin Energy Demonstration Programme.

 

The aim of this type of financing is to support high potential innovative projects developed by companies aiming to achieve transformative changes aligned with the EU Climate goals and contribute to the EU industry’s leadership in the development of sustainable technologies. Carbios meets these criteria with its world’s first enzyme-based processes which have the potential to contribute to the plastic’s industry sustainability.

 

In this context, and after a thorough analysis of Carbios’ business model and the due-diligence led by the EIB over the past year, this loan has been granted to support the strategic industrial and commercial development of Carbios technology of PET enzymatic recycling aiming at transforming post-consumer PET plastic and polyester fibers to their original building blocks (monomers) through a biological enzymatic depolymerization process.


1.jpg

EIB loan funding will provide support to the ongoing industrialization of Carbios’ technology, C-ZYME.


The EIB loan contract reflects Carbios potential to address the growing concern of plastics pollution through the development of its enzymatic recycling process, a disruptive technology that could accelerate the transition to plastics Circular Economy.

 

Unlike conventional recycling processes, Carbios technology converts PET plastic (the dominant polymer in bottles, trays and textiles made of polyester) into its core monomers, which can then be used for feedstock as new 100% recycled PET suitable for all original applications.

 

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.

 

“We are very pleased with this agreement signed with the European Investment Bank and I would like to thank all the stakeholders who contributed to its realization. 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,” told Emmanuel Ladent, CEO of Carbios.

 

Ambroise Fayolle, EIB Vice-President, stated, “With a shared vision, the EIB and Carbios today join forces by combining economic efficiency with environmental performance to deliver transformative changes in the Plastics Circular Economy. We have the duty to promote new sustainable solutions and take ambitious actions to preserve our ecosystems and fight climate change.”

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EIB finances €30 million loan for Carbios’ enzymatic recycling technology

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