Carbios Will Receive Grants Totaling €54 Million From French State via France 2030 and Grand-Est Region1 to Finance Construction of World's First PET Biorecycling Plant and Accelerate R&D Activities - Seite 2

Roland Lescure, French Minister for Industry: "I'm delighted to be able to announce, at the opening of the World Plastics Conference, the French State’s support of nearly €54 million for Carbios' innovative enzymatic plastic recycling projects. The construction in France in 2023 of the world's first enzymatic plastic recycling plant is an important step towards building a fully circular plastic economy, one of the greatest environmental challenges of the next two decades. This project shows just how much the ecological transition is also an opportunity for the green reindustrialization of our country."

Bruno Bonnell, Secretary General for Investment FRANCE 2030: "France 2030's support is twofold: to provide France with an innovative plastics processing solution, and to position Carbios' business model, based on license sales, at an international level. Carbios is a company whose development has been progressive, from public research, through the creation of a start-up, to the industrialization of a technological process. This is a continuum that France 2030 supports in particular, and Carbios is an excellent showcase.”

Franck Leroy, President of Grand-Est Region: "I'm very grateful to Emmanuel Ladent and the Carbios teams for choosing the Grand-Est Region to set up their world's first 100% biorecycled PET plant. By supporting this project, the Region is actively contributing to preserve the environment, while creating new jobs and added value in the Grand-Est. This is also excellent news for Longlaville, and I'd like to pay tribute to both its Mayor and the President of the Metropolitan area. They have spared no effort, with the constant support of the French State and ADEME, to make this plant a reality. The Carbios reference plant is fully in line with the ambition of the Grand-Est region to become a leader in the PET circular economy. This project represents a further milestone in the construction of our ecosystem.”

The plant will secure the sales of the first volumes of recycled PET produced with Carbios’ technology, and to offer its partners recycled PET of the same quality as virgin PET. Once the necessary permits have been obtained, which should be granted by the end of 2023, in line with the announced start of construction before the end of the year, the plant is scheduled to be commissioned in 2025. This will be followed by a period of ramp-up to full capacity. The plant will have a nominal processing capacity of 50,000 tonnes of PET waste per year, equivalent to 2 billion bottles or 2.5 billion food trays.