Consortium aims to help make a circular plastic economy an industrial reality
On behalf of the Consortium, Carbios, (Euronext Growth Paris: ALCRB), a company pioneering new, bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers, and L’Oréal, worldwide beauty leader, are pleased to announce a major partnership with Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe.
Carbios has developed a unique and sustainable technology using highly specific enzymes that can recycle much broader PET plastics and polyester fibers feedstock than other recycling technologies. This innovative process createsrecycled PET, equivalent to virgin PET, that can be used for applications like bottles and other forms of packaging.
Carbios and L’Oréal previously founded the Consortium to bring enhanced recycling technology designed and developed by CARBIOS to market on an industrial scale. Committed to supporting sustainable development with innovative solutions, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe are joining the Consortium to help support the circular plastics economy using Carbios’ breakthrough enzyme-based enhanced recycling technology.
Under the terms of the four-year agreement, the Consortium partners’ ambition is to bring Carbios’ PET-enhanced recycling technology to the market and increase the availability of high-quality recycled plastics to fulfill their sustainability commitments. The collaboration includes technical milestones and support for the efficient supply of consumer-grade, 100% recycled PET plastics for global markets.
Carbios has developed an innovative process that breaks down PET plastic waste into its original building blocks, which can be used to produce high-quality PET plastic. This patented technology offers the potential to recycle PET plastics repeatedly and pave the way for 100% recycled PET content in new products. In fact, Carbiosrecently achieved a world first using its enzymatic technology to create PET bottles from 100% recycled plastics. This biological approach can handle all forms of PET plastics (clear, colored, opaque and multilayer) and polyester fibers. The process requires limited heat and no pressure or solvents, which improves its environmental impact, and also provides a competitive solution to increase global plastic recycling rates. By creating a circular economy from used plastics and fibers, Carbios’ enhanced recycling technology brings forward a sustainable and responsible solution.