(News Bulletin 247) – Carbios announced on Thursday that it was going to obtain total aid of 54 million euros from the French State and the Grand-Est Region for the financing of its first biorecycling plant, which enabled the action of the ‘greentech’ to jump on the Paris Stock Exchange.
Around 11:30 a.m., the stock climbed by more than 7% in volumes already representing twice their daily average for recent sessions. At the same time, the CAC Mid & Small lost 0.4%.
The company announced this morning that the State had selected its project with a view to obtaining funding of up to 30 million euros as part of the ‘France 2030’ plan, in addition to 12.5 million granted by the Grand-Est Region.
Carbios also obtained another financing of 11.4 million euros from the State, including 8.2 million euros directly for Carbios and 3.2 million euros for its partners.
All these funds are intended for the construction in France, by the end of the year, of the first enzymatic recycling plant for plastics in the world, which will be based in Longlaville (Meurthe-et-Moselle).
The site, whose commissioning is scheduled for 2025, aims for a nominal processing capacity of 50,000 tonnes of PET waste per year, the equivalent of two billion bottles or 2.5 billion food trays.
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