Indorama and France’s Carbios Plan to Build World’s First PET Biorecycling Plant
Carbios said it has developed a disruptive enzymatic depolymerization technology that enables efficient and solvent-free recycling of PET plastic and textile waste into virgin-like products.
Indorama is buying into the project after spending over a year assessing its feasibility. It plans to invest ~EU110m in equity and non-convertible loan financing in the JV. Carbios will acquire a plot of land for the plant from Indorama in Longlaville.
The total investment is expected to be ~EU230m.