Carbios, a biotech company, and Indorama Ventures Public Co., a global sustainable chemical producer, plan to form a joint venture for the construction of the world’s first PET bio-recycling plant in France.
Carbios, which filed for plant permitting in December 2022, is planning to acquire 13 hectares (32 acres) of land from Indorama Ventures’ existing PET plant at Longlaville.
The world’s first industrial-scale enzymatic PET recycling plant at Longlaville will have the capacity to process about 50,000 tons of post-consumer PET waste per year, including waste that is not recyclable mechanically.
If permits are granted by third quarter 2023, construction will start by the end of the year, with commissioning to begin in 2025. Subject to the successful performance of this first plant in France, Indorama Ventures aims to potentially expand the technology to other PET sites for future developments.
The total capital investment for the new plant is estima
