CARBIOS is pleased that the European Commission has authorised the ‘Circular Economy’ State aid scheme

A positive step towards the payment of grant subsidies to CARBIOS for the construction of the Longlaville biorecycling plant, as part of the overall public and private funding

This approval paves the way to effective payment of the subsidies, totalling €42.5 million, for CARBIOS Longlaville plant. 

CARBIOS was selected by the French government to receive non-dilutive funding of €30 million under the France 2030 national ‘Plastics Recycling’ call for projects operated by ADEME, as well as €12.5 million from the Grand-Est Region. The implementation of this funding was conditional upon the European Commission's approval of the ‘Circular Economy’ State aid program. 

The authorisation granted by the European Commission should enable the final contractual agreements with the Grand Est Region and ADEME to be signed and the grant obtained to be implemented. At the same time, CARBIOS is continuing its discussions with private and public financial institutions likely to provide addtional financing for the project under favorable conditions.