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Polymers
Carbios gets more funding for PET recycling
by Alexander H. Tullo
July 5, 2019
| A version of this story appeared in
Volume 97, Issue 27
Carbios has raised $16.4 million in a secondary stock offering. The French firm is developing an enzymatic process for breaking down polyethylene terephthalate (PET), used in soft drink bottles, into its raw materials terephthalic acid and ethylene glycol. The company says it will use 75% of the funds to build a demonstration plant for the technology. L’Oreal, which is collaborating with Carbios on PET recycling, participated in the financing, as did Michelin Ventures.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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