CARBIOS signed a Letter of Intent (LOI) with KEM ONE for an implementation of an industrial demonstration plant project, in the French Chemical Valley. CARBIOS is interested in securing the value of its breakthrough technology.
Everyday consumer goods such as bottles, packaging, and textile are made up of PET Plastics and fibers. Most of PET, today, is produced from fossil resources, which are used and discarded according to a wasteful linear. CARBIOS biorecycling technology is introducing a sustainable and eco-friendly solution by creating a circular economy. The technology developed by CARBIOS is a proprietary innovation that helps in using waste plastics and fibers instead of petrochemicals to produce new virgin material, without loss of quality.
CARBIOS and KEM ONE have signed the Letter of Intent defining the principles that will guide their partnership for the next six months in the prospect of the implementation of a PET biorecycling demonstration plant on KEM ONE’s industrial site in Saint-Fons. According to the agreement, CARBIOS undertakes to study the construction of its demonstration plant on Saint-Fons site, whereas, KEM ONE will make its best efforts to mobilize all stakeholders and assist CARBIOS in defining the conditions for the provision of land, main utilities and required services, and in its procedures involving public authorities.
Upstream the construction of the demonstration plant, expected to start mid-2019, CARBIOS will be assisted and advised for the engineering study by its partner TechnipFMC, a world leading company in engineering and technologies.
“We are delighted to enter in such discussions with CARBIOS. Our industrial site, embedded in France’s birthplace of chemistry, is ideally placed to host innovative clean technologies. As a major player in the vinyl industry in Europe, we are deeply committed to promoting and developing solutions that addresses key environmental and societal challenges of our time”, said, Alain CONSONNI, Site Manager at KEM ONE.
“With this ambitious project, we’ll reinforce our anchorage in the Auvergne Rhône-Alpes region. The economic vitality of the Chemical Valley and KEM ONE’s site at Saint-Fons seem perfectly suited for the scale-up and subsequent industrial demonstration of our innovative technology”, said, Jean-Claude LUMARET, CEO of CARBIOS. He, added, “Its organization offers many industrial synergies with the pooling of services, equipment and resources. We are confident that our strategy will lead to a successful industrial roll-out of our biological solution for infinite recycling of PET plastics and fibers.”