Carbios to Host a Strategic Update Following Financing Support to Be Received From the French State, the Grand-Est Region and the Industrial Partnership With Indorama Ventures
02 Juni 2023 - 6:45AM
Business Wire
- With new financing of over €150 million to be allocated to the
construction of the world’s first PET biorecycling plant1, Carbios
confirms its ambition to start industrial and commercial operations
in 2025 and will pursue in the meantime its international
deployment through the licensing of its proprietary PET
biorecycling technology.
Regulatory News:
Carbios (Euronext Growth Paris: ALCRB), a pioneer in the
development and industrialization of biological technologies to
reinvent the life cycle of plastics and textiles announces today
that it will host a Strategic Update webcast on 6 June 2023 at
2:00pm CET (8am EST). A press release and related materials
will be issued on 6 June 2023 prior to market opening time.
For this event, Carbios will be using a Webcast virtual platform
to: 1) provide investors and analysts with detailed insights into
the company's mid-term strategic plan and targeted markets ; 2)
report on progress for the construction and financing of its
project to build an industrial plant in partnership with Indorama
Ventures; 3) provide an update on its innovation pipeline and
Intellectual Property strategy and; 4) provide details on the
Company’s business model.
If you wish to join this event, please use the following Dial-in
access:
CLICK HERE TO JOIN THE WEBCAST
ON 6 JUNE 2023
AT 2.00PM CET – Paris
Time
Emmanuel Ladent – Chief Executive
Officer
and the Carbios Leadership
team
https://edge.media-server.com/mmc/p/u2qw4cir
France Dial-in: +33 170918704 /
UK Dial-in: +44 1 212818004
About Carbios:
Carbios is a biotech company developing and industrializing
biological solutions to reinvent the life cycle of plastic and
textiles. Inspired by nature, Carbios develops enzyme-based
processes to break down plastic with a mission to avoid plastic and
textile pollution, and accelerate the transition to a circular
economy. Its two disruptive technologies for the biorecycling of
PET and the biodegradation of PLA are reaching industrial and
commercial scale. Its biorecycling demonstration plant has been
operational since 2021 and a first-of-a-kind reference unit, in
partnership with Indorama Ventures, is due to be commissioned in
2025. Carbios has received scientific recognition, notably with the
cover of Nature, and is supported by prestigious brands in the
cosmetics, Food & Beverage and apparel industries to enhance
their products’ recyclability and circularity. Nestlé Waters,
PepsiCo and Suntory Beverage & Food Europe are members of a
packaging consortium founded by Carbios and L’Oréal. On, Patagonia,
PUMA, PVH Corp. and Salomon collaborate with Carbios in a textile
consortium.
Visit www.carbios.com/en to find out more about biotechnology
powering plastic and textile circularity.
Twitter: Carbios / LinkedIn: Carbios / Instagram:
insidecarbios
Information on Carbios shares:
ISIN Code
FR0011648716
Ticker Code
Euronext Growth: ALCRB
LEI:
969500M2RCIWO4NO5F08
Carbios, founded in 2011 by Truffle Capital, is eligible for the
PEA-PME, a government program allowing French residents investing
in SMEs to benefit from income tax rebates.
Disclaimer on 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 stated will occur. These forward-looking
statements are based on data, assumptions and estimates considered
reasonable by Carbios. Carbios operates in a competitive and
rapidly evolving environment. It is therefore not in a position to
anticipate all risks, uncertainties or other factors that may
affect its business, their potential impact on its business or the
extent to which the materialization of a risk or combination of
risks could lead to results that differ significantly from those
mentioned in any forward-looking statement. Carbios draws your
attention to the fact that forward-looking statements are in no way
a guarantee of its future performance and that its actual financial
position, results and cash flows and the development of the sector
in which Carbios operates may differ significantly from those
proposed or suggested by the forward-looking statements contained
in this document. In addition, even if Carbios’ financial position,
results, cash flows and developments in the industry in which it
operates are consistent with the forward-looking information
contained in this document, such results or developments may not be
a reliable indication of Carbios’ future results or developments.
Readers are advised to carefully consider the risk factors
described in the Universal registration document filed with the
French Market Authority (“AMF”), as well as in the half-year
financial report available free of charge on the Company’s website.
Should all or any part of these risk factors materialize or others,
in no case whatsoever will Carbios be liable to anyone for any
decision made or action taken in conjunction with the information
and/or statements in this press release or for any related damages.
This information is given only as of the date of this press
release. Carbios makes no commitment to publish updates to this
information or on the assumptions on which it is based, except in
accordance with any legal or regulatory obligation applicable to
it.
Translation is for information purposes only.
In case of discrepancy between the French and the English version
of this press release, the English version shall prevail.
1 Indorama Ventures plans to invest about €110 million in equity
and non-convertible loan financing directly in the Joint Venture
operating the Longlaville plant. In addition, Carbios will receive
grants totaling €42.5 million from the State via France 2030 and
the Grand-Est region. These State and regional subsidies remain
conditional to the European Commission's approval of the
corresponding state aid scheme, followed by the conclusion of
national aid agreements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230601005970/en/
CARBIOS Melissa Flauraud Press Relations
melissa.flauraud@carbios.com +33 (0)6 30 26 50 04 Benjamin
Audebert Investor Relations contact@carbios.com +33 (0)4 73 86
51 76
Press Relations (France) Iconic Marie-Virginie
Klein mvk@iconic-conseil.com +33 (0)1 44 14 99 96
Press Relations (U.S.) Rooney Partners Kate L.
Barrette kbarrette@rooneyco.com +1 212 223 0561
Press Relations (DACH & UK) MC Services Anne
Hennecke carbios@mc-services.eu +49 (0)211 529 252 22
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