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Manel Echevarria Photo Ananas Anam
Manel Echevarria
06.09.2023

Ananas Anam: Manel Echevarria new CEO

Ananas Anam, the provider of innovative low-impact textile solutions made from pineapple leaf waste, announced the appointment of Manel Echevarria as the new CEO. The Spanish executive who had previously worked as CEO for Grupo Excens Sports and Lacoste Iberia, as well as in senior executive roles for Swarovski and MontBlanc, will lead the global business from its European research and production site near Barcelona in Spain.

At the beginning of the year, the company reported the successful closing of a funding round led by HALTRA Group, a family-backed sustainable investment firm in Luxembourg and a group of strategic investors, including the French Compagnie Fruitière, one of the leading producers in Europe and major fruit producer in the Africa-Caribbean-Pacific region, as well the global automotive technology supplier Forvia, and Asahi Kasei Corp, a leading Japanese multinational group working in innovative materials and technologies.

Ananas Anam, the provider of innovative low-impact textile solutions made from pineapple leaf waste, announced the appointment of Manel Echevarria as the new CEO. The Spanish executive who had previously worked as CEO for Grupo Excens Sports and Lacoste Iberia, as well as in senior executive roles for Swarovski and MontBlanc, will lead the global business from its European research and production site near Barcelona in Spain.

At the beginning of the year, the company reported the successful closing of a funding round led by HALTRA Group, a family-backed sustainable investment firm in Luxembourg and a group of strategic investors, including the French Compagnie Fruitière, one of the leading producers in Europe and major fruit producer in the Africa-Caribbean-Pacific region, as well the global automotive technology supplier Forvia, and Asahi Kasei Corp, a leading Japanese multinational group working in innovative materials and technologies.

“The appointment of Manel Echevarria as a seasoned CEO with an impressive track-record in the fashion and luxury industry marks another important milestone in setting Ananas Anam up for the next phase of growth” says Dr. Christian Kurtzke, Chairman of Ananas Anam. “Following our investment in the development of an impressive portfolio of next-generation innovative biodegradable, traceable and sustainable materials, and into the setup of its network of strategic partners on the supply and shareholder side, Manel will provide the leadership for driving growth and industrial scale of this pioneering sustainability brand amidst a continued challenging global market environment in fashion, interiors and automotive.”

With Ananas Anam’s core portfolio of innovative materials, the company has successfully collaborated with well-known brands including Nike, Hugo Boss, H&M, Paul Smith and Cat Footwear and sustainable-fashion pioneers like Ecoalf to drive innovation in footwear, as well as with fashion brands like Carolina Herrera in the area of bags and accessories, substituting animal leather in the product design with its vegan, cruelty-free, low-impact and sustainable pineapple leaf fibre based textiles. In July 2023, at the Premiere Vision exhibition in Paris, the company presented the next generation of Piñatex as well as its breakthrough innovation Piñayarn as a biodegradable, traceable and sustainable yarn, and introducing Anam PALF, as a commercially available premium textile grade pineapple leaf fibre, opening up a world of new applications and markets.

“Driving the sustainability transformation in fashion, as well as in interiors and automotive has become a key priority on the agenda of brands and OEMs around the world,” says Manel Echevarria, CEO Ananas Anam. “I am proud to have the opportunity to lead the company in this decisive time, and I am looking forward to collaborating with our exceptional Spanish founder, Dr Carmen Hijosa, and Josep Taylor in Spain, with Bruno de Penanster and his team in the UK, as well as with Chuck Lazaro and his team in the Philippines to turn this amazing sustainability ambition and purpose into a reality.”

Source:

Ananas Anam

04.09.2023

Kelheim Fibres and MagnoLab join forces

The viscose specialty fibre manufacturer Kelheim Fibres has entered into a collaboration with MagnoLab, an international network of companies in the textile industry based in the Biella region, Italy.

This partnership highlights the importance of collaboration between different companies to drive innovation and sustainability in the textile industry. Kelheim Fibres sees itself not only as a fibre supplier but also as an innovation partner for the entire industry. Through its Open Innovation approach, Kelheim Fibres fosters the exchange of ideas and knowledge to jointly develop sustainable solutions for the future.

Kelheim Fibres operates several pilot and technical facilities itself. The close collaboration with MagnoLab, which boasts an impressive array of state-of-the-art textile machinery, allows for even more efficient research and development.

The viscose specialty fibre manufacturer Kelheim Fibres has entered into a collaboration with MagnoLab, an international network of companies in the textile industry based in the Biella region, Italy.

This partnership highlights the importance of collaboration between different companies to drive innovation and sustainability in the textile industry. Kelheim Fibres sees itself not only as a fibre supplier but also as an innovation partner for the entire industry. Through its Open Innovation approach, Kelheim Fibres fosters the exchange of ideas and knowledge to jointly develop sustainable solutions for the future.

Kelheim Fibres operates several pilot and technical facilities itself. The close collaboration with MagnoLab, which boasts an impressive array of state-of-the-art textile machinery, allows for even more efficient research and development.

The cooperation allows for practical testing, accelerating the implementation of innovations. It also contributes to a closer networking of the European (and thus regional) value chain. Thanks to shorter transport routes within Europe, not only is the environmental impact reduced, but also the realization of innovations in Europe is facilitated.

Dr. Marina Crnoja-Cosic, Director New Business Development, Marketing & Communications at Kelheim Fibres, emphasizes the advantages of the collaboration: " Through close networking with the companies organized under MagnoLab, we can produce small quantities of samples and prototypes using various technologies. This enables us to develop solutions based on our specialty fibres that can be directly transferred to our partners' production facilities within the textile value chain."

Source:

Kelheim Fibres GmbH

25.08.2023

Exist research transfer project FoxCore successfully launched

The FoxCore founding team and the ITM at TU Dresden aim to usher in a new era for fastening solutions in lightweight construction with the start of the Exist research transfer project FoxCore. The project started on June 1, 2023, and will run until November 30, 2024, with support from the German Federal Ministry of Economics and Climate Protection (BMWK) and the European Social Fund (ESF).

The innovative company is to develop and offer new and customer-oriented fastening solutions for lightweight construction applications. Safety and performance of lightweight solutions in various industries are to be increased. FoxCore's objective is to take a leading role in fastening technology.

Daniel Weise, Philipp Schegner, Michael Vorhof and Cornelia Sennewald form the FoxCore team; they will work closely with the Institute of Textile Machinery and Textile High Performance Materials (ITM) at TU Dresden. Together, they will develop optimal manufacturing technologies and establish a widespread network of customers and suppliers.

The FoxCore founding team and the ITM at TU Dresden aim to usher in a new era for fastening solutions in lightweight construction with the start of the Exist research transfer project FoxCore. The project started on June 1, 2023, and will run until November 30, 2024, with support from the German Federal Ministry of Economics and Climate Protection (BMWK) and the European Social Fund (ESF).

The innovative company is to develop and offer new and customer-oriented fastening solutions for lightweight construction applications. Safety and performance of lightweight solutions in various industries are to be increased. FoxCore's objective is to take a leading role in fastening technology.

Daniel Weise, Philipp Schegner, Michael Vorhof and Cornelia Sennewald form the FoxCore team; they will work closely with the Institute of Textile Machinery and Textile High Performance Materials (ITM) at TU Dresden. Together, they will develop optimal manufacturing technologies and establish a widespread network of customers and suppliers.

Source:

Institute of Textile Machinery and High Performance Material Technology (ITM)
TU Dresden

Foreign Minister of Switzerland H.E. Mr. Ignazio Cassis felicitating Mr. Mujtaba Rahim at the inauguration of "Archroma Wall of Pride". Photo: Archroma
Foreign Minister of Switzerland H.E. Mr. Ignazio Cassis felicitating Mr. Mujtaba Rahim at the inauguration of "Archroma Wall of Pride".
08.08.2023

Foreign minister of Switzerland visits Archroma in Pakistan

Archroma, a global leader in specialty chemicals towards sustainable solutions, was highlighted for its advanced sustainable practices and innovation in Pakistan by the Swiss Embassy. Foreign Minister of Switzerland, Mr. Ignazio Cassis who was on an official state visit to Pakistan visited Archroma Center of Excellence at Karachi on 9 July 2023 along with high-level officials and three Members of Swiss Parliament.

Mr. Ignazio Cassis was greeted by Archroma employees at the Archroma Center of Excellence. He inaugurated the company’s "Wall of Pride", an impressive collection of recognitions, accolades and honors earned by Archroma in Pakistan since the company’s inception in October 2013.

Mr. Cassis visited the Research & Technology (R&T), Application, Analytical Laboratories & Training Academy spread on three floors at the Archroma Center of Excellence and saw the developmental work in progress. He was shown printing of multi-colored fabrics along with research based developmental analysis in the laboratories.

Archroma, a global leader in specialty chemicals towards sustainable solutions, was highlighted for its advanced sustainable practices and innovation in Pakistan by the Swiss Embassy. Foreign Minister of Switzerland, Mr. Ignazio Cassis who was on an official state visit to Pakistan visited Archroma Center of Excellence at Karachi on 9 July 2023 along with high-level officials and three Members of Swiss Parliament.

Mr. Ignazio Cassis was greeted by Archroma employees at the Archroma Center of Excellence. He inaugurated the company’s "Wall of Pride", an impressive collection of recognitions, accolades and honors earned by Archroma in Pakistan since the company’s inception in October 2013.

Mr. Cassis visited the Research & Technology (R&T), Application, Analytical Laboratories & Training Academy spread on three floors at the Archroma Center of Excellence and saw the developmental work in progress. He was shown printing of multi-colored fabrics along with research based developmental analysis in the laboratories.

The globally acclaimed ‘Zero Liquid Discharge Sustainable Effluent Treatment Plant’ and the aniline-free* indigo produced at Jamshoro were the two of the main highlights showcased as best-in-class sustainable practices in the industry. Presentations and discussions were held on continued enhancement of these landmarks with the local industry.

More information:
Pakistan Archroma
Source:

Archroma

(c) gr3n
26.07.2023

gr3n: First manufacturing plant for depolymerization of PET in Spain

To reach its goal of being the world’s leading supplier of enhanced recycled polyethylene terephthalate (PET), gr3n is signing a binding Memorandum of Understanding (MOU) with its shareholder Intecsa Industrial to set up a Joint Venture.

gr3n together with Intecsa Industrial will join forces and build a “First-of-a-Kind” manufacturing facility able to produce 40.000 tons of virgin-like PET, commencing EPC phase in Q4-2024 and aiming to be operational in 2027. gr3n’s chemical recycling technology is capable of processing PET from various industries including textile waste, closing the loop for hard-to-recycle PET applications.

To reach its goal of being the world’s leading supplier of enhanced recycled polyethylene terephthalate (PET), gr3n is signing a binding Memorandum of Understanding (MOU) with its shareholder Intecsa Industrial to set up a Joint Venture.

gr3n together with Intecsa Industrial will join forces and build a “First-of-a-Kind” manufacturing facility able to produce 40.000 tons of virgin-like PET, commencing EPC phase in Q4-2024 and aiming to be operational in 2027. gr3n’s chemical recycling technology is capable of processing PET from various industries including textile waste, closing the loop for hard-to-recycle PET applications.

The world’s first industrial-scale MADE PET recycling plant will have the capability to process post-industrial and post-consumer PET waste including hard-to-recycle waste, to produce approximately 40.000 tons of virgin PET chips from the recycled monomers saving nearly 2 million tons of CO2 during its operating life. The post-consumer and/or post-industrial polyesters will be both from bottles (colored, colorless, transparent, opaque) and textiles (100% polyester but also mixtures of other materials like PU, cotton, polyether, polyurea, etc. with up to 30% of presence in the raw textile).

The technical concept of the MADE plant is to break down PET into its main components (monomers) so they can potentially be re-polymerized endlessly to provide brand new virgin PET or any other polymer using one of the monomers. Polymers obtained can be used to produce new bottles/trays and/or new garments, essentially completely displacing feedstock material from fossil fuels, as the recycled product has the same functionality as that derived traditionally. This means that gr3n can potentially achieve bottle-to-textile, textile-to-textile, or even textile-to-bottle recycling, moving from a linear to a circular system.

gr3n’s process has the potential to change the way PET is recycled worldwide, enabling huge benefits for both the recycling industry and the entire polyester value chain. Many efforts have been made in the past to transfer enhanced recycling from research laboratories to the manufacturing industry, but the economics and skepticism of the first adopters have constantly blocked the progress of the proposed solutions. Thanks to the MADE technology developed by gr3n, this approach is now feasible and makes gr3n one of the few companies with the potential to provide a reliable enhanced recycling solution that closes the life cycle of PET, and also offers food grade polymer material, processes a large variety of waste and reduces the carbon footprint of these materials usually destined for incineration or landfill.

More information:
gr3n PET Intecsa
Source:

gr3n

30.06.2023

RadiciGroup closes 2022 with positive results

With total sales of EUR 1,543 million, generated by over 30 production and sales units in Europe, Asia, and America, Radici Group closed its 2022 financial year with slight growth over 2021. EBITDA reached EUR 157 million in 2022, and net income for the year was EUR 80 million.

With total sales of EUR 1,543 million, generated by over 30 production and sales units in Europe, Asia, and America, Radici Group closed its 2022 financial year with slight growth over 2021. EBITDA reached EUR 157 million in 2022, and net income for the year was EUR 80 million.

“We are moderately pleased with the 2022 figures,” Angelo Radici, president of RadiciGroup, commented. “Despite an unpredictable and challenging year, we were able to achieve positive results. Although the rise in energy costs began to be felt in January, we managed to maintain our position in the first three months of the year due to a significant increase in demand. From the second quarter onwards, the European market experienced a significant slowdown due to the outbreak of war in Ukraine, which exacerbated the already soaring costs of energy and raw materials. The situation was completely out of hand and made worse by the fact that some raw materials were not available. This created significant challenges for us, especially in the chemical sector. We even had to stop operations at our Novara plant in the latter part of the year. Products similar to ours in the nylon supply chain from China and the US were being sold at a price lower than our variable cost.”

The president continues: “At Group level, our internationalisation strategy helped us mitigate geopolitical risks in various countries. As a result, we were able to offset the challenges in the European chemicals and textile markets by leveraging our global presence in High Performance Polymers, where our numbers have held strong. As we began 2023, we regained our footing. However, the global economic and industrial scenario for the rest of the year remains highly uncertain, and forecasts are notably cautious.”

Even in these difficult times, the Group has continued to invest. In 2022, the High Performance Polymers Business Area completed the acquisition in India of the engineering plastics branch of Ester Industries Ltd, a listed company. Additionally, it began installing two new production lines in Mexico and Brazil, and confirmed plans to install a new extrusion line at the Villa d’Ogna production site in the province of Bergamo. These choices align with the Group’s goal of enhancing its worldwide presence and boosting competitiveness in high-potential growth markets. In a year where energy and raw material costs were certainly problematic, operating in geographically diverse markets and with varied applications proved to be an important tool in addressing the challenges. In this vein, a new production site spanning over 36,000 square metres has recently been inaugurated in China. The move is aimed at doubling the production capacity in line with the market’s growth expectations.

Extending the time horizon to 2018-2022, the Group has invested over EUR 277 million to enhance the competitiveness of its companies, implement Best Available Techniques, improve energy efficiency, reduce emissions, and conduct research and development activities aimed at introducing sustainable processes and solutions. These efforts include the research and development activities of Radici InNova, which are heavily focused on the circular economy.

More information:
RadiciGroup financial year 2022
Source:

RadiciGroup

23.06.2023

DOMO Chemicals publishes sustainability report

DOMO Chemicals, a global leader in polyamide-based engineered material solutions and services, has published its latest annual Sustainability Report, detailing progress on its sustainability journey, including notable reductions in greenhouse gas emissions. DOMO’s mission is to engineer polyamide solutions that contribute to a better, more sustainable world. In publishing its second annual Sustainability Report, DOMO enters a new phase in its decarbonization quest, with confidence in its long-term aspiration to set the standard for sustainability in the industry by 2030.

Notably, the Sustainability Report details DOMO’s achievements in 2022 toward realizing its 2030 sustainability goals. In terms of decarbonization and broader environmental achievements, against a 2019 baseline, the company:

DOMO Chemicals, a global leader in polyamide-based engineered material solutions and services, has published its latest annual Sustainability Report, detailing progress on its sustainability journey, including notable reductions in greenhouse gas emissions. DOMO’s mission is to engineer polyamide solutions that contribute to a better, more sustainable world. In publishing its second annual Sustainability Report, DOMO enters a new phase in its decarbonization quest, with confidence in its long-term aspiration to set the standard for sustainability in the industry by 2030.

Notably, the Sustainability Report details DOMO’s achievements in 2022 toward realizing its 2030 sustainability goals. In terms of decarbonization and broader environmental achievements, against a 2019 baseline, the company:

  • Reduced scope 1 and 2 greenhouse gas emissions by 27%, making significant progress toward its target of 40% reduction by 2030 and carbon neutrality by 2050
  • Increased renewable electricity throughout operations to 12%
  • Reduced waste by 24%
  • Lowered water intake by 4.5%

In addition, as a provider of polyamide-based sustainable and circular solutions, DOMO:

  • Achieved more than 11% of engineered materials sales based on sustainable feedstock, making excellent progress toward its 2030 target of 20%
  • Allocated 25% of research and development resources to enhanced recycling

Moreover, fostering talent and ensuring the well-being of its workforce as a responsible employer is essential for sustainable growth, and 2022 highlights include:

  • Increased share of women in senior positions from 22% in 2021 to 30% in 2022
  • Providing a safe and inclusive working environment that encourages personal and professional development as well as a global safety culture
Source:

DOMO Chemicals

Photo: Pulcra Chemicals
19.06.2023

Pulcra Chemicals and Inditex develop Dyeing Process

Pulcra Chemicals and Inditex develop Sustineri Coloring, a combined pretreatment and dyeing process for cotton and polyester/cotton resulting in water, time and energy savings. This process is the result of a joint research between Pulcra Chemicals and Inditex with the goal to mitigate the impact of standard dyeing processes and to reduce the use of natural resources.

Sustineri Coloring is based on newly engineered process chemicals which allow a one bath pretreatment and dyeing process for dark, medium and light shades of cotton and polyester/cotton fabrics by exhaust method. This results in shorter processing time and less use of water and energy.

The process is already used by selected mills and it showed that Sustineri Coloring is reducing in pretreatment and dyeing the processing time by up to 60 % and the water and energy consumption by up to 80 and 60% respectively. The state-of-the-art products allow a one bath treatment which is the key in saving resources.

Pulcra Chemicals and Inditex develop Sustineri Coloring, a combined pretreatment and dyeing process for cotton and polyester/cotton resulting in water, time and energy savings. This process is the result of a joint research between Pulcra Chemicals and Inditex with the goal to mitigate the impact of standard dyeing processes and to reduce the use of natural resources.

Sustineri Coloring is based on newly engineered process chemicals which allow a one bath pretreatment and dyeing process for dark, medium and light shades of cotton and polyester/cotton fabrics by exhaust method. This results in shorter processing time and less use of water and energy.

The process is already used by selected mills and it showed that Sustineri Coloring is reducing in pretreatment and dyeing the processing time by up to 60 % and the water and energy consumption by up to 80 and 60% respectively. The state-of-the-art products allow a one bath treatment which is the key in saving resources.

Source:

Pulcra Chemicals

14.06.2023

Spinnova and Portuguese Tearfil agree on an R&D yarn-spinning line

Spinnova has entered into a yarn development cooperation agreement with the Portuguese company Tearfil, where Tearfil will operate Spinnova’s R&D yarn-spinning line. The yarn-spinning line is intended for product development and will be located in Guimarães, Portugal at Tearfil's facilities.  

The rationale behind the yarn-spinning line is for research and development into using Spinnova's fibre in commercial scale yarn production and to streamline development work with industry partners.   
Spinnova has decided to locate the line in Guimarães in Portugal, at Tearfil’s facilities. Spinnova will benefit from the industry know-how of a strong partner and from the proximity of one of Europe’s most significant textile industry hubs in Portugal. This will improve Spinnova’s access to global textile markets.   

Spinnova has entered into a yarn development cooperation agreement with the Portuguese company Tearfil, where Tearfil will operate Spinnova’s R&D yarn-spinning line. The yarn-spinning line is intended for product development and will be located in Guimarães, Portugal at Tearfil's facilities.  

The rationale behind the yarn-spinning line is for research and development into using Spinnova's fibre in commercial scale yarn production and to streamline development work with industry partners.   
Spinnova has decided to locate the line in Guimarães in Portugal, at Tearfil’s facilities. Spinnova will benefit from the industry know-how of a strong partner and from the proximity of one of Europe’s most significant textile industry hubs in Portugal. This will improve Spinnova’s access to global textile markets.   

Spinnova’s yarn-spinning line will be installed at Tearfil's premises. The technology delivery and installations are expected to take place in the fall of 2023, and the spinning line is intended to be operational by the end of the year. Tearfil is responsible for the yarn-spinning line's operations, and Spinnova will use a part of the line capacity for its product development.  

In 2021, Spinnova announced that it would establish an R&D yarn-spinning line in Jyväskylä, Finland. The decision to change the location was made during the feasibility planning and discussions with potential partners. This change in location and operational model will slightly decrease the capital expenditure and will lead to lower operational expenses.  

The technology supplier for Spinnova's new spinning mill line is the Swiss-based company Rieter. Rieter is a leading supplier of systems for manufacturing yarn from staple fibers in spinning mills. The company develops and manufactures machinery, systems and components used to convert natural and man-made fibers and their blends into yarns in the most cost-efficient manner.

More information:
Spinnova Tearfil spinning Portugal
Source:

Spinnova

(c) EREMA
Manfred Hackl, CEO EREMA Group and Markus Huber-Lindinger, Managing Director EREMA, open the EREMA Discovery Day 2023
09.06.2023

EREMA Discovery Day as meeting place for plastics and recycling industry

On June 1, EREMA hosted the EREMA Discovery Day focusing on the post consumer segment from a European perspective. Live demonstrations showcased the latest machine innovations for PET and polyolefin recycling.

The invitation was accepted by around 400 customers and partners, mainly from Europe, to find out about the wide range of recycling technologies for PO and PET plastic waste. The technology that was presented and explained by EREMA experts and guest speakers during lectures in the morning, could then be seen live in-action in the afternoon when the recycling machines were demonstrated in operation. A total of six innovative recycling technologies were on display: INTAREMA® TVEplus® DuaFil® Compact, INTAREMA® TVEplus® RegrindPro® + ReFresher, the COREMA® cascade extrusion system, a VACUREMA® Inline Sheet line equipped with new EcoGentle technology, the new INTAREMA® FibrePro:IV machine, and the PCU-
TwinScrew. These allowed visitors to witness their performance and the high quality of recycled pellets that they produce.

On June 1, EREMA hosted the EREMA Discovery Day focusing on the post consumer segment from a European perspective. Live demonstrations showcased the latest machine innovations for PET and polyolefin recycling.

The invitation was accepted by around 400 customers and partners, mainly from Europe, to find out about the wide range of recycling technologies for PO and PET plastic waste. The technology that was presented and explained by EREMA experts and guest speakers during lectures in the morning, could then be seen live in-action in the afternoon when the recycling machines were demonstrated in operation. A total of six innovative recycling technologies were on display: INTAREMA® TVEplus® DuaFil® Compact, INTAREMA® TVEplus® RegrindPro® + ReFresher, the COREMA® cascade extrusion system, a VACUREMA® Inline Sheet line equipped with new EcoGentle technology, the new INTAREMA® FibrePro:IV machine, and the PCU-
TwinScrew. These allowed visitors to witness their performance and the high quality of recycled pellets that they produce.

"This wide range of technologies is necessary because the recycling process each of our customers choose depends on the type of plastic, the level of contamination of the input material, and which product will be made using the recycled pellets. Following the expansion of our Ansfelden site and with the new site nearby in St. Marien, we can now demonstrate all these processes, carry out test runs with customers' material and focus on development work independently of our Customer Centre," says EREMA's Managing Director Markus Huber-Lindinger.

EREMA is driving forward research and development work in the company's new R&D Centre. Two halls with a total area of 1,550 square metres and a new office building offering space for 50 workplaces has been built. Here, the company bundles cross-departmental test machines and laboratory facilities for post consumer and inhouse recycling applications. R&D is decentralised at EREMA. Employees from different departments handle process engineering challenges, innovations in mechanical engineering and automation technology - all with the aim of meeting customer requirements and achieving the highest possible quality of recycled pellets.  

On the evening before Discovery Day, EREMA celebrated its 40th anniversary together with customers and partners. A review covered the company's history - from the first workshop in a garage in 1983, to its position today as a innovation pioneer and one of the market leaders.

More information:
EREMA plastics Recycling
Source:

EREMA Group

02.06.2023

Carbios receives funding for PET biorecycling plant and R&D activities

Carbios will receive grants totaling €54 million from French State via France 2030 and Grand-Est Region to finance construction of world’s first PET biorecycling plant and accelerate R&D activities

Carbios announces that its project has been selected by the French State for funding of €30 million from the French State as part of the investment plan France 2030, and €12.5 million from the Grand-Est Region.  The implementation of this funding is conditional to the European Commission’s approval of the corresponding state aid scheme, followed by the conclusion of national aid agreements. As part of the national call for projects on “Plastics Recycling” operated by ADEME[1], Carbios’ project to finalize the industrialization of its unique PET biorecycling process has been selected. The reference plant in Longlaville in the Grand-Est region will be the world’s first PET biorecycling plant and is due for commissioning in 2025. This plant will make it possible to relocate to France the production of the two basic components of PET, PTA and MEG[2], both derived from the Carbios process.

Carbios will receive grants totaling €54 million from French State via France 2030 and Grand-Est Region to finance construction of world’s first PET biorecycling plant and accelerate R&D activities

Carbios announces that its project has been selected by the French State for funding of €30 million from the French State as part of the investment plan France 2030, and €12.5 million from the Grand-Est Region.  The implementation of this funding is conditional to the European Commission’s approval of the corresponding state aid scheme, followed by the conclusion of national aid agreements. As part of the national call for projects on “Plastics Recycling” operated by ADEME[1], Carbios’ project to finalize the industrialization of its unique PET biorecycling process has been selected. The reference plant in Longlaville in the Grand-Est region will be the world’s first PET biorecycling plant and is due for commissioning in 2025. This plant will make it possible to relocate to France the production of the two basic components of PET, PTA and MEG[2], both derived from the Carbios process.

Carbios also announces that it has been granted total funding of €11.4 million from the French State as part of France 2030, of which €8.2 million directly for Carbios (€5 million in repayable advances) and €3.2 million for its academic partners INRAE[3], INSA[4] and CNRS[5] via the TWB[6] and TBI[7] joint service and research units. This funding will enable to continue its research into the optimization and continuous improvement of Carbios’ enzymatic technologies.

The plant will secure the sales of the first volumes of recycled PET produced with Carbios’ technology, and to offer its partners recycled PET of the same quality as virgin PET. Once the necessary permits have been obtained, which should be granted by the end of 2023, in line with the announced start of construction before the end of the year, the plant is scheduled to be commissioned in 2025. This will be followed by a period of ramp-up to full capacity. The plant will have a nominal processing capacity of 50,000 tonnes of PET waste per year, equivalent to 2 billion bottles or 2.5 billion food trays.

Selection for funding by the French State through France 2030 and the Grand-Est Region complements the recent announcement of an exclusive, long-term partnership with Novozymes[8], a leader in enzyme production, one of the main aims is to ensure the supply of enzymes to Carbios’ Longlaville plant and future licensed plants. In addition, Carbios recently secured a first supply source for its future plant by winning part of the CITEO tender for the biorecycling of multilayer trays[9].


[1] The French Agency for Ecological Transition
[2] PTA = purified terephthalic acid; MEG = monoethylene glycol
[3] French National Research Institute for Agriculture, Food and the Environment
[4] French National Institute of Applied Sciences
[5] French National Center for Scientific Research
[6] Toulouse White Biotechnology – UMS INRAE 1337 / UAR CNRS 3582
[7] Toulouse Biotechnology Institute – UMR INSA/CNRS 5504 / UMR INSA/INRAE 792
[8] Cf. press release dated 12 January 2023
[9] Cf. press release published by Citeo dated 26 April 2023

More information:
Carbios biorecycling plastics France
Source:

Carbios

(c) Carbios
18.05.2023

Carbios recognized as a flagship start-up in French green innovation

Carbios has been selected among the 22,000 start-ups in the French Tech ecosystem to represent French innovation at the 6th “Choose France” Summit.  “Choose France” is an international business summit dedicated to the attractiveness of France launched at the initiative of Emmanuel Macron, the President of the Republic. Only ten companies, including Carbios, have been chosen to exhibit their technologies at the Château de Versailles.  On this occasion, Carbios announces that it has joined the Coq Vert community launched by Bpifrance in partnership with ADEME[1] and the Ministry of Ecological Transition, to connect with other environmentally committed business leaders and advance its international deployment.

Carbios has been selected among the 22,000 start-ups in the French Tech ecosystem to represent French innovation at the 6th “Choose France” Summit.  “Choose France” is an international business summit dedicated to the attractiveness of France launched at the initiative of Emmanuel Macron, the President of the Republic. Only ten companies, including Carbios, have been chosen to exhibit their technologies at the Château de Versailles.  On this occasion, Carbios announces that it has joined the Coq Vert community launched by Bpifrance in partnership with ADEME[1] and the Ministry of Ecological Transition, to connect with other environmentally committed business leaders and advance its international deployment.

“With INRAE[2], we chose to highlight Carbios at the Choose France summit as a symbol of French economic dynamism,” comments Philippe Gassmann, Secretary General Choose France 2023 (French Treasury). ” With its innovative “Made in France” biotechnologies that bring plastic into the circular economy, Carbios illustrates the wealth of  innovation within the French cleantech ecosystem.  I thank Carbios for its ambassadorship for this ecosystem to the 200 foreign guests attending the 6th Choose France Summit with the theme: Investing for a sustainable future.”

“Carbios is honored to have been selected by the Elysée Palace for Choose France.  This international summit provides an opportunity for meetings between the President of the Republic, members of the Government and the leaders of major foreign and French companies to discuss France’s economic ambitions and attractiveness,” commented Emmanuel Ladent, Chief Executive Officer of Carbios. “Carbios is in the midst of a major industrial rollout, with a first plant planned in the Grand Est region, and the international commercial deployment of our processes.  We are very grateful for the French Government’s support at this strategic time for the company.”
(Emmanuel Ladent, CEO, and Alain Marty, Chief Scientific Officer, representing Carbios at Choose France)

The Coq Vert community
Launched by Bpifrance, in partnership with ADEME and the Ministry of Ecological Transition, this community brings together 2,000 members who are players in sustainable development and are convinced of the need to act for energy and ecological transition.

[1] ADEME = The French Agency for Ecological Transition
[2] INRAE = France’s National Research Institute for Agriculture, Food and Environment

Source:

Carbios 

(c) Indorama Ventures Public Company Limited
17.05.2023

Indorama Ventures upgraded MSCI ESG Ratings

Indorama Ventures Public Company Limited, a global sustainable chemical producer, was upgraded to "A" from "BBB" in MSCI’s ESG rating, reaffirming the company’s effective management of sustainability related risks and opportunities.

MSCI (Morgan Stanley Capital International), an independent provider of research-based indices and analytics, ranked Indorama Ventures among the top 14% of 65 companies worldwide in the commodity chemicals industry. The rating has placed it in the top quartile for opportunities in clean tech, water stress, corporate governance, and corporate behavior.

Indorama Ventures Public Company Limited, a global sustainable chemical producer, was upgraded to "A" from "BBB" in MSCI’s ESG rating, reaffirming the company’s effective management of sustainability related risks and opportunities.

MSCI (Morgan Stanley Capital International), an independent provider of research-based indices and analytics, ranked Indorama Ventures among the top 14% of 65 companies worldwide in the commodity chemicals industry. The rating has placed it in the top quartile for opportunities in clean tech, water stress, corporate governance, and corporate behavior.

Indorama Ventures is committed to reducing water intensity by 10% by 2025 and 20% by 2030. It developed a Water Risk Assessment Report on its contributions to achieving sustainable management of water targets and the United Nations Sustainable Development Goals (UN SDGs). For improved corporate governance, the company provides whistleblowers with protection from retaliation, and has policies on business ethics and anti-corruption. Relating to opportunities in clean tech, Indorama Ventures’ is investing in recycling technology and biomass feedstock under its Vision 2030, and is also investing in operational efficiencies, carbon capture technology, renewable energy, and phasing out coal to reduce Scope 1 and Scope 2 greenhouse gas emissions.

MSCI ESG Ratings aim to measure a company’s resilience to long-term ESG risks. Companies are scored on an industry-relative AAA-CCC scale across the most relevant key issues based on a company’s business model. Investors, including pension funds, sovereign wealth funds, endowments, and asset managers, commonly consider the ratings to assess financial risks in the investment process.

Source:

Indorama Ventures Public Company Limited

(c) FET
FET’s Director of Technology, Mark Smith and new R&D Manager, Dr Jonny Hunter
17.05.2023

FET strengthens its technical team

Fibre Extrusion Technology Ltd (FET) of Leeds, UK has strengthened its technical team with the appointment of Dr Jonny Hunter as Research & Development Manager. Hunter brings a wealth of academic credentials to the department, including a Master’s in Medicinal and Biological Chemistry and a PhD in Sustainable Chemistry. This academic background is complemented by over 10 years’ R&D experience in industry, including FMCG and, in particular, medical devices, which encompasses wound care, the medical device manufacturing process and regulatory environment.

Fibre Extrusion Technology Ltd (FET) of Leeds, UK has strengthened its technical team with the appointment of Dr Jonny Hunter as Research & Development Manager. Hunter brings a wealth of academic credentials to the department, including a Master’s in Medicinal and Biological Chemistry and a PhD in Sustainable Chemistry. This academic background is complemented by over 10 years’ R&D experience in industry, including FMCG and, in particular, medical devices, which encompasses wound care, the medical device manufacturing process and regulatory environment.

FET designs, develops and manufactures extrusion equipment for a wide range of high value textile material applications, so the above research and industrial sectors have great relevance to the company’s focus on the international stage. A significant market for FET’s meltspinning equipment is medical devices, so in-house expertise in this area is a vital commodity. FET is also at the forefront of innovation to promote and develop sustainable fibres, so technical knowhow in sustainability is also essential. In this, Jonny Hunter has considerable experience and has in the past lead a number of innovation projects in sustainable chemistry and management.

This fresh input of knowledge and experience will benefit FET’s customers in their own drive for sustainable innovation in fibre technology. Mark Smith, the previous R&D Manager, is taking a short sabbatical and will be returning in a more strategic role as FET’s Director of Technology, so his continued presence will further contribute to FET’s breadth of technical expertise.

FET has also expanded in a number of other departments to reflect the rapid growth in sales over recent years. Mike Urey is the new Sales Engineer, bringing a wide industrial experience and strengthening all aspects of business development. Three new mechanical and electronic engineers and a new appointment in the design department all combine to take the company forward and sustain growth.

Source:

Fibre Extrusion Technology Ltd (FET)

(c) Carbios
05.05.2023

Carbios accelerates enzyme optimization

  • Carbios has developed an ultra-high throughput microfluidic screening of PET-depolymerizing enzymes in partnership with the Paul Pascal Research Center[1], a joint research unit of the CNRS[2] and the University of Bordeaux
  • Microfluidics enables millions of enzymes to be screened in a day, compared with a few thousand a week with conventional technologies
  • Future polymers of interest will benefit from this acceleration of the R&D phase, enabling Carbios to develop its portfolio of innovations on different types of plastic more rapidly

Carbios has accelerated its enzyme screening process with a microfluidic technology developed in partnership with the Paul Pascal Research Centre (a joint research unit of the CNRS and the University of Bordeaux, which specializes in microfluidics). This technology enables the screening of millions of enzymes in just one day, speeding up the process to optimize enzymes breaking down PET.

  • Carbios has developed an ultra-high throughput microfluidic screening of PET-depolymerizing enzymes in partnership with the Paul Pascal Research Center[1], a joint research unit of the CNRS[2] and the University of Bordeaux
  • Microfluidics enables millions of enzymes to be screened in a day, compared with a few thousand a week with conventional technologies
  • Future polymers of interest will benefit from this acceleration of the R&D phase, enabling Carbios to develop its portfolio of innovations on different types of plastic more rapidly

Carbios has accelerated its enzyme screening process with a microfluidic technology developed in partnership with the Paul Pascal Research Centre (a joint research unit of the CNRS and the University of Bordeaux, which specializes in microfluidics). This technology enables the screening of millions of enzymes in just one day, speeding up the process to optimize enzymes breaking down PET. This competitive advantage enables Carbios to reduce the time between the R&D phase and the production of its proprietary enzymes, and therefore to develop concrete solutions to plastic pollution even faster.

Microfluidics
Microfluidics allows the production of devices handling very small amounts of liquid. Each droplet generated can be considered as an independent microreactor having a volume in the picoliter range (10-12 liters) and containing a particular enzyme whose PET depolymerization activity will be screened. These droplets move through analysis units the size of a microchip allowing ultra-high throughput screening of 150 enzymes per second.

Previously, conventional robotic systems allowed screening in microplate format with a volume in the milliliter range (10-3 liters) and with rates of around one enzyme per minute.

The use of microfluidics to screen for more efficient or new enzymes will become widely adopted in the coming years, therefore accelerating the development of bioprocessing. Currently used by Carbios for the development of its PET depolymerization process, microfluidics should be used to accelerate the development of new enzymes for other types of plastic such as polyamide.

Carbios researchers specialized in microfluidics
Microfluidic processes require special expertise. At present, two researchers at Carbios are dedicated to microfluidics and based in the cooperative laboratory with TBI[3] hosted by INSA[4] Toulouse.  Alexandra Tauzin, Researcher in Enzyme Engineering and Microfluidics, and Alexandre Gilles, Engineer specialized in robotics, work in partnership with the Paul Pascal Research Center.

[1] Centre de Recherche Paul Pascal (CRPP)
[2] Centre National de la Recherche Scientifique (CNRS) = National Center for Scientific Research
[3] Toulouse Biotechnology Institute
[4] National Institute of Applied Sciences

More information:
Carbios plastics Enzyme polymers
Source:

Carbios

(c) FET
FET Melt Spinning system
05.05.2023

FET exhibits at ITMA 2023

Fibre Extrusion Technology Ltd (FET) of Leeds, UK will be exhibiting at ITMA 2023, taking place between 8-14 June Milan, Italy. FET has commissioned its biggest ever stand to reflect the company’s commitment to this event and the textile industry.

FET designs, develops and manufactures extrusion equipment for a wide range of high value textile material applications worldwide. Central to FET’s success has always been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques.

The new FET Fibre Development Centre will further improve this service, allowing clients to trial their own products in an ideal environment. Resident equipment in the Fibre Development Centre reflects the wide range of fibre extrusion systems offered by FET to clients worldwide and will enable continued growth of the company through innovation.  

Fibre Extrusion Technology Ltd (FET) of Leeds, UK will be exhibiting at ITMA 2023, taking place between 8-14 June Milan, Italy. FET has commissioned its biggest ever stand to reflect the company’s commitment to this event and the textile industry.

FET designs, develops and manufactures extrusion equipment for a wide range of high value textile material applications worldwide. Central to FET’s success has always been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques.

The new FET Fibre Development Centre will further improve this service, allowing clients to trial their own products in an ideal environment. Resident equipment in the Fibre Development Centre reflects the wide range of fibre extrusion systems offered by FET to clients worldwide and will enable continued growth of the company through innovation.  

For the first time at ITMA, the new FET Spunbond range will feature. This system provides opportunities for the scaled development of new nonwoven fabrics based on a wide range of fibres and polymers, including bicomponents. Recent customers to benefit from FET spunbond systems include the University of Leeds and an integrated metlblown / spunbond system at the University of Erlangen-Nuremberg in Germany.

FET’s established expertise remains in laboratory and pilot meltspinning equipment for a vast range of applications, such as precursor materials used in high value technical textiles, sportswear, medical devices and specialised novel fibres from exotic and difficult to process polymers. FET has successfully processed almost 30 different polymer types in multifilament, monofilament and non-woven formats, collaborating with specialist companies worldwide to promote greater sustainability through innovative manufacturing processes. Where melt spinning solutions are not suitable, FET provides a viable alternative with pilot and small scale production wet spinning systems.

A major theme at ITMA will again be sustainability. The FET range of laboratory and pilot extrusion lines is ideally suited for both process and end product development of sustainable materials. “This year we are celebrating FET’s 25th anniversary” says FET Managing Director Richard Slack “and we look forward to meeting customers at ITMA, where we can discuss their fibre technology needs.”

Source:

Fibre Extrusion Technology Ltd

Photo: EREMA/Wakolbinger
Manfred Hackl, CEO EREMA Group GmbH
28.04.2023

EREMA Group ends financial year 2022/23

Around EUR 355 million in overall turnover, 350 extruders delivered creating an additional recycling capacity for 1.6 million tons of recycled pellets as a result - these are the figures with which the EREMA Group was able to close the 2022/23 financial year in March.

"With demand for recycled plastics remaining high, the past financial year brought many challenges that we needed to handle," says Manfred Hackl, CEO of EREMA Group GmbH. The challenges included persistent delays in the supply chain and unexpected supplier outages. Logistics and production processes had to be adapted several times as a result. The situation has improved significantly meantime as a result of these measures and more stable supply chains.

Around EUR 355 million in overall turnover, 350 extruders delivered creating an additional recycling capacity for 1.6 million tons of recycled pellets as a result - these are the figures with which the EREMA Group was able to close the 2022/23 financial year in March.

"With demand for recycled plastics remaining high, the past financial year brought many challenges that we needed to handle," says Manfred Hackl, CEO of EREMA Group GmbH. The challenges included persistent delays in the supply chain and unexpected supplier outages. Logistics and production processes had to be adapted several times as a result. The situation has improved significantly meantime as a result of these measures and more stable supply chains.

The production locations in Austria manufactured 270 extruders and delivered them to customers around the globe. Taking the whole group into consideration, this figure rises to 350 including the extruders from PLASMAC, the Italian subsidiary. The recycled pellet production capacity of all extrusion systems delivered in financial year 2022/23 adds up to around 1.6 million tonnes per year. On top of that there are around 130 additional components and modules such as filter systems and ReFresher anti-odour units.

Recycling innovations for high-quality pellets
K 2022 - the highlight trade fair of the past financial year - saw the EREMA Group launch seven
new recycling systems and components. These included the new INTAREMA® TVEplus® DuaFil® Compact recycling system and the EcoGentle® plasticising unit, which was also newly developed. Thanks to their gentle polymer treatment and significantly lower melt temperature, both extrusion innovations deliver effective advantages in terms of the quality of the melt, recycled pellets, and final product, as well as impressive energy efficiency in post consumer and PET recycling applications. The significance of these innovations for plastics recycling is underlined by the nomination of the DuaFil® Compact technology for one of this year's Plastics Recycling Awards Europe in the category Recycling Machinery Innovation of the Year.
The same applies to the READYMAC 1109 TVE machine made to stock by EREMA Group subsidiary UMAC, as well as to the new ALPHA XS edge trim recycling machine for the inhouse recycling segment made by PLASMAC. The market launch of the deinking system presented at K 2022 by the EREMA Group company KEYCYCLE delivering a throughput of 1,200 kilograms per hour has been a success, as has the commissioning of a further unit sold to a film manufacturer.

40 years of EREMA
The beginning of the new financial year falls almost to the day on EREMA's 40th anniversary. On 14 April 1983, Helmut Bacher, Helmuth Schulz and Georg Wendelin founded EREMA Engineering Recycling Maschinen und Anlagen GesmbH, laying the foundation for the 40-year success story. In celebration, the comapny will hold the event EREMA Discovery Day at the company headquarters on the 1st of June. This event with live insights into the latest post consumer and PET recycling technologies will also see the official opening of the newly built research and development centre.

Source:

EREMA Group GmbH

21.04.2023

DyStar announces Restructuring Plan for Ludwigshafen Plant Facility

DyStar announces the plan to restructure its Ludwigshafen facility located in Germany. The strategic decision is made by the company in response to changing business conditions and market shifts.

Mr. Xu Yalin, Managing Director, and President of DyStar Group said, “This is an important strategic move for DyStar. We will focus on developing key emerging markets, which have been shifting over a decade. In the wake of higher energy costs and inflation, DyStar is determined to further improve cost efficiency and drive sustainable productivity as we continue to deliver the highest quality of innovative products that support the global supply chain.”

Mr. Eric Hopmann, Chief Commercial Officer of DyStar Group said, “The restructuring of this facility will be carried out in a phased manner. DyStar will diversify the production activity out of Europe and start with the reduction of manpower as a consequence. DyStar’s customers can be further assured of undisrupted supply, hence their production should not be affected as we will work closely to meet their specific requirements.”

DyStar announces the plan to restructure its Ludwigshafen facility located in Germany. The strategic decision is made by the company in response to changing business conditions and market shifts.

Mr. Xu Yalin, Managing Director, and President of DyStar Group said, “This is an important strategic move for DyStar. We will focus on developing key emerging markets, which have been shifting over a decade. In the wake of higher energy costs and inflation, DyStar is determined to further improve cost efficiency and drive sustainable productivity as we continue to deliver the highest quality of innovative products that support the global supply chain.”

Mr. Eric Hopmann, Chief Commercial Officer of DyStar Group said, “The restructuring of this facility will be carried out in a phased manner. DyStar will diversify the production activity out of Europe and start with the reduction of manpower as a consequence. DyStar’s customers can be further assured of undisrupted supply, hence their production should not be affected as we will work closely to meet their specific requirements.”

The facility has been an integral part of DyStar’s global network. DyStar inherited this facility from their founders who started the Indigo research and manufacturing more than 125 years ago.

21.04.2023

REVECOL® by ERCA: Textile chemical auxiliaries obtained from vegetable oils

REVECOL® (Recycled Vegetable Cooking Oil) represents a new generation of textile chemical auxiliaries, which are high-performing and obtained from vegetable exhausted cooking oil.

Chemical auxiliaries play a crucial role in several stages of the textile production cycle, from material preparation to dyeing and finishing, but represent a complex challenge from the point of view of reducing environmental impact. Herein lies the revolutionary aspect of REVECOL® by ERCA: for the first time, not just one product, but a complete range of auxiliary chemicals is available that meets the criteria of circularity.

The result of ERCA's continuous research, REVECOL® are in fact born from critical waste materials (exhausted vegetable oils), which, thanks to an environmentally and safety-friendly manufacturing process, are transformed into a line of innovative chemical auxiliaries destined for the entire textile industry and its various applications: from underwear to home textiles.

REVECOL® (Recycled Vegetable Cooking Oil) represents a new generation of textile chemical auxiliaries, which are high-performing and obtained from vegetable exhausted cooking oil.

Chemical auxiliaries play a crucial role in several stages of the textile production cycle, from material preparation to dyeing and finishing, but represent a complex challenge from the point of view of reducing environmental impact. Herein lies the revolutionary aspect of REVECOL® by ERCA: for the first time, not just one product, but a complete range of auxiliary chemicals is available that meets the criteria of circularity.

The result of ERCA's continuous research, REVECOL® are in fact born from critical waste materials (exhausted vegetable oils), which, thanks to an environmentally and safety-friendly manufacturing process, are transformed into a line of innovative chemical auxiliaries destined for the entire textile industry and its various applications: from underwear to home textiles.

EVECOL® by ERCA has obtained several certifications – GRS, RCS, listed into ZDHC Chemical Gateway, bluesign® and GOTS, and are also finalizing the third-party certified PCF (Product Carbon Footprint), - as well as various international recognitions – first prize RESPONSIBLE CARE®, in Italy, from Federchimica, inclusion in the BAT (Best Available Techniques) document from the European Community.

14.04.2023

Carbios presents its 2022 Annual Results

Carbios, a compnay in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, announces its operating and financial results for the year 2022. The financial statements as of December 31, 2022, were approved by the Company’s Board of Directors at their meeting on April 5, 2023.

Carbios, a compnay in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, announces its operating and financial results for the year 2022. The financial statements as of December 31, 2022, were approved by the Company’s Board of Directors at their meeting on April 5, 2023.

  • Project to build, in France, the world’s first PET biorecycling plant: Progress in line with 2025 unit commissioning target6
  • Excellent results from the demonstration plant validating the industrial scale-up of Carbios technology
  • Carbios licensing documentation ready for worldwide industrial and commercial deployment
  • Long-term exclusive strategic partnership with Novozymes to ensure supply of enzymes at industrial scale for the Reference Unit and all future licensee plants
  • Creation of fiber-to-fiber consortium with On, Patagonia, Puma, PVH Corp., and Salomon
  • CE-PET research project successfully completed
  • Participation in WhiteCycle project co-funded by Horizon Europe and coordinated by Michelin
  • Publication of scientific articles in the prestigious Biophysical Journal and in Chemical Reviews
  • Carbios hosts world’s first PET Biorecycling Summit
  • Carbios publishes first Sustainability Report and outlines objectives for environmental, social and governance (ESG) initiatives
  • Carbios joins Ellen MacArthur Foundation’s circular economy network
  • €30 million European Investment Bank loan drawn down in 2022
  • Group’s cash position of €101 million as of December 31, 2022
More information:
Carbios plastics life cycle Recycling
Source:

Carbios