France-based Carbios, a green chemistry company that focuses on discovering and developing enzymatic bioprocesses applied to plastic and textile polymers, announced on Thursday that it has received grants totalling €54M.
Carbios’ project to finalise the industrialisation of their “unique” PET bio-recycling technology was chosen as part of the national call for projects on “Plastics Recycling” run by ADEME2.
The reference facility at Longlaville, Grand-Est, will be the world’s first PET bio-recycling factory, set to open in 2025. This factory will allow the manufacturing of the two fundamental components of PET, – PTA and MEG3, both generated from the Carbios method, to be relocated to France.
The French company claims that its initiative has been chosen by the French State for funding of €30M as part of the France 2030 investment plan and €12.5M from the Grand-Est Region.