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Carbios & two partners receive EC support through LIFE funding program

Carbios & two partners receive EC support through LIFE funding program
Carbios & two partners receive EC support through LIFE funding program

Carbios, a leading developer of enzymatic solutions, has reportedly received a grant of €3.3 million alongside its two prominent partners, industry leader Deloitte and medical devices giant T.EN Zimmer GmbH, through the LIFE program. Out of the total amount, Carbios seemingly received a grant of €3 million.

As per reports, T.EN Zimmer GmbH would offer its proficiency on monomer repolymerization in 100% recycled PET. On the other hand, Deloitte would lend its expertise pertaining to the environmental performance analysis of the process for textile and plastic waste, primarily through Life Cycle Analysis (LCA).

It is worth noting that the European LIFE funding program is a crucial grants tool that backs innovative solutions with low environmental impact and industrial deployment track record. The C-ZYME™ technology of Carbios fully complies with the goals of the European Commission, claim reliable sources.

Reportedly, Carbios has been facing certain limitations of the processes of thermomechanical recycling. However, the firm has been implementing a unique approach to create value for textile and plastic waste by offering 100% recycling of all PET waste types without quality loss.

Additionally, Carbios has been working on establishing a completely circular economy model across the entire value chain of the life cycle of plastics and textiles, as per reports. On the brink of industrialization, the model supposedly promises to satisfy both regulatory requirements of the European Union as well as the ambitions of major companies that announced significant commitments to sustainable materials.

Kader Hidra, chief financial officer of Carbios, stated that the company was able to exhibit the substantial deployment capacity of Carbios’ enzymatic PET recycling technology by getting its industrial demonstration unit into operation in September 2021.

Hidra added that the grant would help finance the development of trials on textile and plastic waste at the demonstration facility, which would help confirm the scaling of the process and make way for commercialization of its technology via licensing.

Notably, the LIFE program intends to finance initiatives that cater to regulations enacted by the European Union. Recent legislative reforms favoring the end of life of plastics have untapped significant potential for enzymatic recycling of textiles and plastics in PET, reports suggest.

Source credits: https://www.businesswire.com/news/home/20211125005416/en/Carbios-Receives-Support-From-The-European-Commission-Through-the-LIFE-Program

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Sunil Jha

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