CARBIOS joins Paris Good Fashion to accelerate textile circularity and contribute to more sustainable fashion
March 26 2024 - 1:45AM
CARBIOS joins Paris Good Fashion to accelerate textile circularity
and contribute to more sustainable fashion
CARBIOS joins Paris Good Fashion to
accelerate textile circularity and contribute to more sustainable
fashion
Clermont-Ferrand, France, Tuesday 26
March 2024 (06.45am CET) 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 its membership to Paris Good Fashion, the
association that unites over 100 French players in the sector -
brands, designers and experts - around their commitment to
sustainable fashion. CARBIOS is the first recycling technology
supplier to join, demonstrating the importance given to recycling
to achieve textile circularity. By contributing its revolutionary
solution for the biorecycling of polyester, the world's most widely
used and fastest-growing textile fiber, CARBIOS aims to contribute
Paris Good Fashion’s mission, which focuses on concrete actions,
best practice sharing and collective intelligence to accelerate
change in the fashion industry.
Developing the "fiber-to-fiber"
industry
CARBIOS will be particularly involved in the
association's project to set up a working group dedicated to the
development of a "fiber-to-fiber" industry, one of Paris Good
Fashion's top priorities over the next five years. While only 1% of
textiles are currently recycled fiber-to-fiber (circular), this
working group will identify levers for significantly increasing the
share of recycled fibers in the industry. By way of
example, polyester currently follows a linear model from which we
need to break out: virgin polyester is made from petroleum, and
recycled polyester from PET bottles. After use, most of these
products end their lives in landfill or incineration. A circular,
"fiber-to-fiber" industry will give new life to textiles and reduce
the environmental impact associated to their end-of-life
management.
Bénédicte GARBIL, Senior Vice-President
of Corporate Affairs and Sustainability: “Becoming a
member of Paris Good Fashion is an important step in CARBIOS’
development, and an obvious one given our shared commitment to a
circular textile industry. By uniting around textile circularity,
CARBIOS and Paris Good Fashion’s members will further develop the
"fiber-to-fiber" industry, a French industry that can be a driving
force for change on the international stage for exemplary
sustainable fashion.”
Isabelle Lefort, co-founder Paris
Good Fashion: “The future of circular fashion will
inevitably involve the development of an efficient Fiber-to-Fiber
industry in Europe. The integration of CARBIOS within Paris Good
Fashion, as a member, represents the importance of supporting and
accompanying this industry. After the GRAAL project, which enabled
us and the (RE)SET agency to analyze recycling technologies and
support three of them, we are delighted to support CARBIOS.
Together, we'll be working to create an alliance of the players
involved, so that we can move forward collectively, meaningfully
and concretely.”
###
About CARBIOS:
CARBIOS is a biotech company developing and
industrializing biological solutions to reinvent the life cycle of
plastic and textiles. Inspired by nature, CARBIOS develops
enzyme-based processes to break down plastic with a mission to
avoid plastic and textile pollution, and accelerate the transition
to a circular economy. Its two disruptive technologies for the
biorecycling of PET and the biodegradation of PLA are reaching
industrial and commercial scale. Its biorecycling
demonstration plant has been operational since 2021 and a first
industrial plant, in partnership with Indorama Ventures, is due to
be commissioned in 2025. CARBIOS, founded in 2011 by Truffle
Capital, has received scientific recognition, notably with the
cover of Nature, and is supported by prestigious brands in the
cosmetics, Food & Beverage and apparel industries to enhance
their products’ recyclability and circularity. Nestlé Waters,
PepsiCo and Suntory Beverage & Food Europe are members of a
packaging consortium founded by CARBIOS and L’Oréal. On, Patagonia,
PUMA, PVH Corp. and Salomon collaborate with CARBIOS in a textile
consortium.
Visit www.carbios.com/en to find out more about
biotechnology powering plastic and textile circularity.
For latest news and media assets, visit our
newsroom: www.carbios.com/newsroom/en/
LinkedIn: CARBIOS / Instagram: insidecarbios
Information on CARBIOS
shares:
ISIN
Code: |
FR0011648716 |
Ticker
Code: |
Euronext Growth:
ALCRB |
LEI: |
969500M2RCIWO4NO5F08 |
CARBIOS is eligible for the PEA-PME, a government program
allowing French residents investing in SMEs to benefit from income
tax rebates.
This press release and the information contained
herein do not constitute an offer to sell or a solicitation of an
offer to buy or subscribe to shares in CARBIOS in any country.
For additional information, please contact:
CARBIOS |
Press Relations (France) |
Press Relations (U.S) |
Press Relations (DACH & UK) |
Melissa Flauraud |
Iconic |
Rooney Partners |
MC Services |
Press Relations |
Marie-Virginie Klein |
Kate L. Barrette |
Anne-Hennecke |
Melissa.flauraud@carbios.com |
mvk@iconic-conseil.com |
kbarrette@rooneyco.com |
carbios@mc-services.eu |
+33 (0)6 30 26 50 04 |
+33 (0)1 44 14 99 96 |
+1 212 223 0561 |
+49 (0)211 529 252 22 |
Benjamin Audebert |
|
|
|
Investor Relations |
|
|
|
contact@carbios.com |
|
|
|
+33 (0)4 73 86 51 76 |
|
|
|
Paris Good Fashion |
Paris Good Fashion |
|
|
Isabelle Lefort Co-fondatrice |
Clémence Grisel Chargée de mission |
|
|
isabelle@parisgoodfashion.com |
clemence@parisgoodfashion.com |
|
|
+33 (0)6 35299398 |
|
|
|
|
|
|
|
www.parisgoodfashion.fr
Disclaimer on forward-looking statements
and risk factors:
This press release contains forward-looking
statements, not historical data, and should not be construed as a
guarantee that the facts and data stated will occur. These
forward-looking statements are based on data, assumptions and
estimates considered reasonable by CARBIOS. CARBIOS operates in a
competitive and rapidly evolving environment. It is therefore not
in a position to anticipate all risks, uncertainties or other
factors that may affect its business, their potential impact on its
business or the extent to which the materialization of a risk or
combination of risks could lead to results that differ
significantly from those mentioned in any forward-looking
statement. CARBIOS draws your attention to the fact that
forward-looking statements are in no way a guarantee of its future
performance and that its actual financial position, results and
cash flows and the development of the sector in which CARBIOS
operates may differ significantly from those proposed or suggested
by the forward-looking statements contained in this document. In
addition, even if CARBIOS’ financial position, results, cash flows
and developments in the industry in which it operates are
consistent with the forward-looking information contained in this
document, such results or developments may not be a reliable
indication of CARBIOS’ future results or developments. Readers are
advised to carefully consider the risk factors described in the
Universal registration document filed with the French Market
Authority (“AMF”), as well as in the half-year financial report
available free of charge on the Company’s website. Should all or
any part of these risk factors materialize or others, in no case
whatsoever will CARBIOS be liable to anyone for any decision made
or action taken in conjunction with the information and/or
statements in this press release or for any related damages. This
information is given only as of the date of this press release.
CARBIOS makes no commitment to publish updates to this information
or on the assumptions on which it is based, except in accordance
with any legal or regulatory obligation applicable to it.
The translation is provided for information
purposes only.
In the event of any discrepancy between the
French and English versions of this press release, the French
version shall prevail.
- 2024 03 26_PR_PGF
- CARBIOS-Paris Good Fashion-Member
Carbios (EU:ALCRB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Carbios (EU:ALCRB)
Historical Stock Chart
From Jul 2023 to Jul 2024