Carbios is a signatory to the European Plastics Pact, a public-private initiative to promote the circular economy of plastics

• A coalition to increase the management efficiency of the lifecycle of plastic materials and support the development of innovative technologies

Clermont-Ferrand, France, March 6, 2020 (06:45 AM CET) – CARBIOS (Euronext Growth Paris: ALCRB), a company pioneering new bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers, announced today the signing of the European Plastics Pact on the occasion of its official launch in Brussels on March 6^th, 2020.

This Pact forms a European network of companies, States and NGOs who want to join forces to create a true circular economy of plastics that enables all market players to meet, or even exceed, the plastic recycling targets set by the European Union. This public-private coalition will work, on all levels, to improve the recyclability and reusability of products by incorporating more recycled materials into new products and packaging.

As such, Carbios’ innovation, in the field of plastic recycling, is a pioneering solution to help achieve these objectives. In a collaborative and cross-border approach, Carbios and Pact partners want to share their expertise to engage all stakeholders in virtuous management of the plastics lifecycle. In this context, the signatories will ensure a complementarity with existing global initiatives, whose foundations are aligned with the New Plastics Economy Global Commitment of the Ellen MacArthur Foundation and the Circular Plastic Alliance.

Jean-Claude Lumaret, CEO of Carbios comments: “This European Pact marks a new step towards the deployment of a real circular economy based on innovation and collaboration between the most committed market players and the Member States to sustainable development. We are proud to contribute to its implementation and share this collective ambition to achieve a better management of the lifecycle of plastic.”