Carbios SAS announced that its project has been selected by the French State for funding of €30 million from the French State as part of the investment plan France 2030, and €12.5 million from the Grand-Est Region. The implementation of this funding is conditional to the European Commission's approval of the corresponding state aid scheme, followed by the conclusion of national aid agreements. As part of the national call for projects on "Plastics Recycling" operated by ADEME2, Carbios' project to finalize the industrialization of its unique PET biorecycling process has been selected.

The reference plant in Longlaville in the Grand-Est region will be the world's first PET biorecycling plant and is due for commissioning in 2025. This plant will make it possible to relocate to France the production of the two basic components of PET, PTA and MEG3, both derived from the Carbios process. Carbios also announces that it has been granted total funding of €11.4 million from the French State as part of France 2030, of which €8.2 million directly for Carbios (€5 million in repayable advances) and €3.2 million for its academic partners INRAE4, INSA5 and CNRS6 via the TWB7 and TBI8 joint service and research units.

This funding will enable to continue its research into the optimization and continuous improvement of Carbios' enzymatic technologies.