This €18M Joint Venture could Scale Up Bioplastic Film Production

Roughly 300 million tons of plastic are produced globally every year, but only 700 thousand tons are bio-based and biodegradable. Carbios’s new Joint Venture aims to dramatically grow this market.

Carbios has announced the formation of CARBIOLICE, a new French joint venture shared between it, Limagrain Céréales Ingrédients (a heavyweight in the field of mulching films) and BpiFrance (SPI) to take on the massive worldwide plastic waste problem.

The collaboration will produce environmentally friendly rigid plastics and flexible films (bags, snack packaging, industrial and mulch films). Embedded into these materials will be enzymes that will decompose the plastic into fragments that can be taken up by microorganisms, thereby minimizing pollution. The ensuing degradation process takes place over a few months, compared to several hundred years for ordinary plastics. Importantly, these enzymes have been shown to preserve a material’s performance for its intended function.

Bioplastic-Film-300x192 (1)

The three partners have invested €18M in the venture that will be released over four years as the project reaches its technical and commercial objectives. Carbios has licensed the use of its patented enzymatic biodegradation technology and agreed to provide 5 years of R&D; in exchange, the company will receive €8M up front plus royalties on sales and products and receivables converted into shares of the joint venture ensuring its control.

Together, these three companies hope to establish CARBIOLICE as a leader in bioplastics to make a dent in the roughly 20M tons of plastic bags, soft packaging and mulching films produced in 2012. To hear more about Carbios and its innovative plastic processing strategy, keep an eye out for our upcoming review of bioplastics!

Website:www.labiotech.eu

8 comments

535481 84141Heya just wanted to give you a brief heads up and let you know several of the pictures arent loading properly. Im not positive why but I think its a linking problem. Ive tried it in two different web browsers and both show the same outcomes. 296858

836919 833901Id ought to verify with you here. Which isnt something I often do! I take pleasure in reading a post that might make men and women believe. Additionally, thanks for permitting me to comment! 970366

776419 895188Oh my goodness! a wonderful post dude. Thanks a whole lot Nevertheless I will be experiencing trouble with ur rss . Dont know why Not able to sign up for it. Is there everyone acquiring identical rss issue? Anybody who knows kindly respond. Thnkx 486536

524943 997971Can I just say what a relief to search out somebody who genuinely is aware of what theyre speaking about on the internet. You undoubtedly know how to deliver a problem to light and make it essential. Extra folks require to learn this and perceive this facet of the story. I cant consider youre no much more common because you positively have the gift. 270347

Leave a Reply