CARBIOS (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, announces the signature of its first multi-year offtake contracts with L’ORÉAL and L’Occitane en Provence for biorecycled r-PET from its future commercial plant in Longlaville.
These commercial contracts confirm the demand from global leading brands for recycled and recyclable PET from enzymatic recycling, which enables them to meet both their circularity and quality objectives for their packaging. With the signing of these contracts, CARBIOS has moved forward in the execution of its strategy, thereby achieving its objective to sign its first contracts in the first half of 2025 as announced.
The signing of these two initial commercial contracts with L’ORÉAL and L’Occitane en Provence, two demanding leaders, marks a key milestone for CARBIOS, validating the brands’ demand and confirming the existence of an established market for r-PET derived from enzymatic recycling. Today, we have strong momentum to achieve our sales and supply targets, which makes us confident in signing further contracts for our future Longlaville site soon. Our commitment to the success of our future plant is stronger than ever.
Vincent Kamel, CEO, CARBIOS
This contract with CARBIOS underlines our commitment to working with innovative players in PET recycling to create a circular economy. We congratulate CARBIOS on this advancement towards industrial scale for their enzymatic recycling solution, which represents a key milestone for the packaging industry.
Jacques Playe, Director of Development and Packaging, L’ORÉAL
The partnership we have established with CARBIOS marks a decisive step for L’Occitane en Provence in our commitment to greater circularity in our packaging. It is testament to the continuation and acceleration of our commitment to reducing our environmental impact. Today, alongside CARBIOS, we are bringing a shared desire to life to build a high-performance European industry to promote the transition to a circular economy for plastics.