#Recycling / Circular Economy

2021-04-29

Carbios announces the signing of an expression of intent agreement with a major PET producer

Carbios (Paris:ALCRB) (Euronext Growth Paris: ALCRB), a company pioneering new enzymatic solutions to reinvent the lifecycle of plastic and textile polymers, announced that a non-exclusive and non-binding Expression Of Intent agreement was signed with a significant PET producer on April 15th, 2021.

Significant PET producer could host a 100% PET recycling production unit using Carbios’ technology

With this second EOI agreement, Carbios confirms its plan to build a first-of-a-kind production unit after site selection to be completed in 2022

With this additional agreement, as announced on April 6th, 20211, Carbios confirms its plan to build a first-of-a-kind 100% PET recycling production unit using its enzymatic technology (the “Unit”). The company will carry out ongoing studies to select the most suitable site, technically and economically, to build this first industrial and commercial Unit.

Within this agreement, Carbios and the PET producer are considering the opportunity to build the Unit on one of the PET producer’s sites.

Carbios’ first industrial Unit is expected to allow for an annual production of approximately 40,000 tons of recycled PET, with the first revenues to be generated in 2025. It will also strengthen Carbios’ business model, which is focused on the licensing of its technologies, know-how and the sale of enzymes to its licensees, who will build their own PET recycling production units.

“We are delighted to be engaged in strategic discussions with this important PET producer. The building of this first-of-a-kind 100% PET recycling facility is a major step in Carbios’ development,” said Martin Stephan, Carbios’ Deputy CEO.

Happy Holidays!

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textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

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Modtissimo promotes sustainability with 28 coordinates in the Green Circle

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How innovations drive BASF’s success

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Texpertise Focus AI: Messe Frankfurt puts Artificial Intelligence centre stage at its international textile and apparel trade fairs

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Autoneum and Polestar set new benchmarks for passenger experience and sustainability

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Cashmere producers stress the importance of The Good Cashmere Standard®

At the invitation of the Aid by Trade Foundation (AbTF), over 70 experts from the cashmere production and supply chain, as well as other specialists, met at the GCS Unit Meeting in Shanghai, China to discuss the progress and new objectives of The Good Cashmere Standard (GCS). The meeting focused on implementation and verification of the standard, important aspects of animal welfare and the importance of the standard in the global textile market.