GreenTech Press Release

The European Investment Bank grants a EUR 30 million loan to Carbios

Carbios and the European Investment Bank (EIB) have announced the signing of a €30 million loan agreement supported by the European Commission's InnovFin energy demonstration program.

Carbios, founded by Truffle Capital, recently received €30 million in funding from the European Investment Bank (EIB) for the development of its enzymatic plastic recycling technology.

Emmanuel LADENT - CEO - Board of Carbios "We are very pleased with this agreement signed with the European Investment Bank (EIB) and I would like to thank all the stakeholders who contributed to its realization. The European Investment Bank (EIB) facility is highly valuable to the Company as we are moving forward to the industrialization and licensing of our recycling technology, C-ZYME™."

Ambroise Fayolle Vice president of European Investment Bank (EIB)**** "We are convinced that Carbios’ project is best positioned to move the entire plastic value chain in the right direction and materially allow for increased and more efficient plastic recycling.”