CARBIOS brings together stakeholders to promote the textile circular sector in the presence of M. Bruno Le Maire, Minister of Economy, Finance, Industry and Digital Sovereignty

Bruno Le Maire visits CARBIOS to promote textile circulation sector

Bruno Lemaire visits CARBIOS demonstration plant

CARBIOS brings together stakeholders to promote the textile circular sector in the presence of M. Bruno Le Maire, Minister of Economy, Finance, Industry and Digital Sovereignty

Clermont-Ferrand, France, February 19, 2024 (6:45 a.m. CET) CARBIOS (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies that reinvent the life cycle of plastics and textiles, is a pioneer in the development and industrialization of biological technologies that reinvent the life cycle of plastics and textiles.・We were honored to welcome Mr. Mail. , to the headquarters in Clermont-Ferrand, where the industrial demonstrator is installed. In the presence of industry players, local representatives, partners and investors, the Minister used his visit to demonstrate support for CARBIOS and the creation of a textile recycling industry. The construction of France’s first enzymatic PET biorecycling plant by CARBIOS marks a major step towards a circular economy for plastics and textiles. This innovation, now being industrialized, shows the extent to which the green transition can contribute to France’s green re-industrialization and that the textile circular economy is a sector that generates environmental value, economic growth and jobs.

CARBIOS has developed a PET recycling technology through enzymatic depolymerization that can be applied to polyester fibers. Co-financed by the EIB, the industrial demonstrator will feature a unique patented textile preparation line, which was commissioned in October 2023, and will incorporate the prepared textile waste into the CARBIOS process for large-scale recycling. is. The world’s first biorecycling plant is currently under construction in Ronglaville, in the Grand Est region of France.

Bruno Le Maire, French Minister of Economy, Finance, Industry and Digital Sovereignty, said: “CARBIOS is demonstrating that it is possible to combine environmental transition, Made in France and economic growth. It’s an example of what can be achieved for the industry.” It was a pleasure to visit the CARBIOS industrial demonstrator in operation. This demonstrator can recycle bottles, PET packaging and polyester fibers over and over again. This is impressive. The next step is the CARBIOS factory in Ronglaville (Meurthe-et-Moselle), co-financed with the French government, which will recycle 50,000 tons of waste per year, and then move on to other parts of France, Europe and the rest of the world. It is also built in factories. This is to meet the demands of environmentally conscious consumers and brands. ”

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Philip Poulety, Founder and Chairman of the Board of CARBIOS, said: “We thank Mr. Bruno Le Maire for his visit, which honors us. We also thank the Government for their strong support for CARBIOS, especially through France 2030. CARBIOS We demonstrate that radical science and innovation can create a positive ecosystem to solve the global problem of plastic pollution.” Using CARBIOS biotechnology to recycle plastics Dependence on hydrocarbons is also reduced while maintaining sustainable use. The balanced synergy between our private investors, national and European funds allows CARBIOS to become a world leader. ”

Emmanuel Ladent, CEO of CARBIOS: “CARBIOS is a bridge between the world of biotechnology and the world of textiles. Without technological solutions for recycling textiles, there can be no viable industry or true circularity. Visit from Bruno Le Maire Thanks to the constant support of the French government, we are ready to industrialize CARBIOS’s biorecycling innovation, as evidenced by the construction of our first factory in Longraville.”

Important dates in textile biorecycling development

As part of France 2030, CARBIOS will receive a total of €54 million in grants from the French state and the Grand Est region.

France 2030 is an investment plan of unprecedented scale. €54 billion will be invested to ensure that companies, universities and research institutes are positioned to respond competitively to future global environmental and attractiveness challenges, and to foster the emergence of future leaders, especially in areas of excellence. be done. The field of ecological transitions. From basic research to idea generation to production of new products and services, France 2030 supports the entire innovation lifecycle through to industrialization.

Co-funded by the European Union. However, the views and opinions expressed are those of the author alone and do not necessarily reflect those of the European Union or his CINEA. Neither the European Union nor the licensing authorities can be held responsible for them.

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About Calbios:

CARBIOS is a biotechnology company that develops and industrializes biological solutions that reinvent the life cycle of plastics and fibers. Taking inspiration from nature, CARBIOS is developing an enzyme-based process to break down plastics, with a mission to avoid plastic and textile pollution and accelerate the transition to a circular economy. Two of his disruptive technologies, PET biorecycling and PLA biodegradation, have reached industrial and commercial scale. The company’s biorecycling demonstration plant has been in operation since 2021, and the first industrial plant in partnership with Indorama Ventures is scheduled to start operating in 2025. CARBIOS was founded by Truffle Capital in 2011 and has received scientific acclaim, notably appearing on the cover of his Nature magazine. It is also supported by well-known brands in the cosmetics, food and beverage, and apparel industries to make products more recyclable and circular. Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe are members of the packaging consortium established by CARBIOS and L’Oréal. On, Patagonia, Puma, PVH Corp. and Salomon are collaborating with his CARBIOS in a textile consortium.

To learn more about biotechnology that makes plastics and fibers more circular, visit www.carbios.com/en.

For the latest news and media assets, visit our newsroom: www.carbios.com/newsroom/en/

LinkedIn: CARBIOS / Instagram: insidecarbios

Information about CARBIOS stock:

CARBIOS is eligible for PEA-PME, a government program that allows French residents investing in small and medium-sized enterprises to benefit from income tax rebates.

This press release and the information contained herein do not constitute an offer to sell, or the solicitation of an offer to buy or subscribe for, shares of CARBIOS in any country.

For more information, please contact us below.

Disclaimer regarding forward-looking statements and risk factors:

This press release contains forward-looking statements, not historical data, and should not be construed as a guarantee that the facts and data set forth will materialize. These forward-looking statements are based on data, assumptions and estimates that CARBIOS believes to be reasonable. CARBIOS operates in a highly competitive and rapidly evolving environment. Accordingly, we are fully aware of all risks, uncertainties and other factors that may affect our business, their potential impact on our business, or the materialization of risks or combinations of risks. , we are not in a position to predict the extent to which results may differ materially from those originally planned. References made to forward-looking statements. CARBIOS believes that forward-looking statements are not guarantees of future performance and that CARBIOS’ actual financial condition, results of operations, cash flows, and developments in the sectors in which CARBIOS operates are subject to any recommendations or proposals. We draw your attention to the fact that it can be very different. as implied by the forward-looking statements contained in this document. Further, even if CARBIOS’ financial condition, results of operations, cash flows and developments in the industry in which it operates are consistent with the forward-looking information contained herein, such results and developments may may not be a reliable indicator of results and developments. We urge readers to carefully consider the risk factors set out in the universal registration documents filed with the French Market Authority (“AMF”) and in the semi-annual financial report available free of charge on our website. It is recommended. Even if all or any of these risk factors materialize, or even if any other risk factors occur, CARBIOS will in no event We will not be liable to anyone for any decisions or actions or any related damages. This information is provided only as of the date of this press release. CARBIOS does not undertake to publicly update this information or the assumptions on which it is based, except in accordance with applicable legal or regulatory obligations.

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