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Carbios and Indorama Ventures are partnering to build an enzymatic PET bio-recycling production plant in Longlaville, Meurthe-et-Moselle, France, with a processing capacity of around 50,000 tons of post-consumer PET waste per year – the equivalent to 2 billion PET bottles or 2.5 billion PET trays.
The capital investment required for the project is expected to be around €150 million for Carbios core technology, with an estimated €50 million for the infrastructure preparation of the site.
In the coming months, Carbios expects to finalise strong non-dilutive financial support from French Government and from the Grand-Est Region, based on an offer already received from the French Minister of Industry, Agnès Pannier-Runacher and the President of Grand-Est Region, Jean Rottner.
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