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06-06-2016

Joint Venture for the Production of Granules for Biodegradable Plastic Film

Carbios, Paris, Limagrain Céréales Ingrédients, Ennezat, and the SPI “Industrial Projects Company” investment fund run by Bpifrance, Maisons-Alfort Cedex, all France, are cooperating to create a joint venture for the production and commercialisation of granules for bio-sourced and biodegradable plastic film.

From 1 January 2017 onwards, via its Energy Transition and Green Growth Law, France will enforce the use of bio-sourced and biodegradable plastics for fruit & vegetable bags (35,000 tons per year) and other films. The joint venture "Carbiolice" shall address this challenge in the long term by continuing to develop biolice and industrialising technological innovation licenced by Carbios.

Carbiolice is the product of a partnership between Carbios’ innovative technology and Limagrain Céréales Ingrédients’ technical, industrial and commercial expertise acquired over more than 15 years in the bioplastics sector. Carbios is providing major innovation with its enzymatic technology which makes plastics. biodegradable. Limagrain Céréales Ingrédients is providing its expertise and existing production capacity for bioplastic granules, known under the brand name biolice. The SPI “Industrial Projects Company” investment fund, financed by the PIA Future Investments Programme and run by Bpifrance, will round off the financial partnership to support the expansion of industrial production.

The future company shall take over Limagrain Céréales Ingrédients’ bioplastics activity and progressively integrate the technological innovations licenced by Carbios over time. The granules will be used to produce bio-sourced and biodegradable plastic films for a variety of applications including green waste collection bags, mulch films, fruit & vegetable bags, industrial films and even mailing films. Theses biodegradable plastics will meet the increasingly stringent requirements defined by France’s energy transition law.

Carbiolice will, in the long term, create 50 direct jobs and support one of the first green chemistry technologies currently under development and deployed on an industrial scale in France. The contributions from industrial assets and licences result in a project total of EUR 29.5 million, with the cash element to be released in three phases over four years. The SPI fund will invest €11 million over this period to ultimately reach a 37% shareholding in Carbiolice.

Company profile

Carbios

Rue de la Baume 5
FR 75008 PARIS

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