Carbios, a green biotechnology company formed by Truffle Capital announced an exclusive, long-term global strategic partnership with Novozymes, a global leader in biosolutions. Their agreement ensures the long-term, industrial-scale production and supply of Carbios' proprietary PET degrading enzymes for the world's first bio-PET recycling plant to come on stream in Longlaville, France, in 2025, as well as future Carbios licensed customers.
(From left) Hans Ole Klingenberg, Vice President, Marketing Agricultural & Industrial Biosolutions, Novozymes; Tina Sejersgård Fanø, Executive Vice President, Agricultural & Industrial Biosolutions, Novozymes; Emmanuel Ladent, CEO, Carbios; Alain Marty, Chief Scientific Director, Carbios (Photo courtesy: Business Wire)
Carbios has been working with Novozymes since 2019 on PET recycling1 and PLA biodegradation2 developing enzyme-based solutions to address the sustainability challenges posed by plastic pollution. The new agreement is based on the parties' current Joint Development Agreement (JDA). Under the new agreement, Carbios and Novozymes will expand their collaboration to develop, optimise and produce enzymes, which will subsequently be available by Novozymes to all licensees of Carbios technology. The new agreement confirms an exclusive partnership between the two parties in related fields.
The strategic partnership also supports the large-scale industrial deployment of Carbios' patented PET recycling technology, which will initially be applied to Carbios' future industrial reference unit in Longlaville, France. The plant will be the world's first bio-PET recycling plant. Construction of the plant will begin later this year, and an application for a building and operating permit has been submitted to the local government. The plant, which will be commissioned in 2025, will be able to process 50,000 tons of waste per year.
Copyright (c) Ringier Trade.com. Copyright (c) Ringier Trade Media Ltd. (c) 2023.
All rights reserved. Reproduction in whole or part in any form or medium without express written permission is not allowed.
Ringier Trade .com (c) Ringier Trade Media Ltd., accept no responsibility or liability for any information provided by any third party on this website.