{"id":86005,"date":"2023-06-06T10:26:26","date_gmt":"2023-06-06T05:56:26","guid":{"rendered":"https:\/\/polymervapooshesh.ir\/?p=86005"},"modified":"2023-06-06T11:43:59","modified_gmt":"2023-06-06T07:13:59","slug":"carbios-indorama-ventures-to-build-worlds-first-pet-biorecycling-plant","status":"publish","type":"post","link":"https:\/\/polymervapooshesh.ir\/en\/carbios-indorama-ventures-to-build-worlds-first-pet-biorecycling-plant\/","title":{"rendered":"Carbios, Indorama Ventures to build world\u2019s first PET biorecycling plant"},"content":{"rendered":"<p dir=\"ltr\"><em><strong>Iranpolymer\/ Baspar\u00a0 <\/strong><\/em>Biotech company Carbios and Bangkok-based chemical giant Indorama Ventures, a global sustainable chemical producer, have signed a non-binding Memorandum of Understanding (MOU) to form a Joint Venture for the construction of the world\u2019s first PET biorecycling plant in France based on the enzymatic depolymerisation process developed by Carbios.\u00a0 The technology enables the efficient and solvent-free recycling of PET plastic and textile waste into virgin-equivalent products. Carbios and Indorama Ventures have been working together for over a year to\u00a0assess the commercial and technical feasibility\u00a0of the technology.<br \/>\nThe announcement is \u2018a significant landmark in our partnership with Indorama Ventures and a major step forward in realizing our joint first-of-a-kind PET biorecycling plant\u2019, said Emmanuel Ladent, CEO of Carbios. According to the terms of the MOU, Indorama Ventures will mobilise about 110 million euros (or about $118 million) for the joint venture in equity and nonconvertible loan financing, pending final engineering documentation and final economic feasibility studies.<br \/>\nThe companies said they both fully support the venture and intended to finalise the contract documentation before end 2023.<br \/>\nUnder the agreement signed today, Carbios, would acquire 13ha land from Indorama Ventures\u2019 existing PET plant at Longlaville, where the new biorecycling plant will be built. Carbios filed for plant permitting in December 2022, and expects to be granted the relevant permits by Q3 2023. This would allow construction to be started by the end of 2023, with commissioning targeted for 2025.<br \/>\nOn its part, Indorama Ventures will be responsible for repolymerising 100% of the output of the PET recycling facility. Both partners will collaborate on securing the feedstock supply.<br \/>\nThe plant at Longlaville will be able to process about 50,000 tonnes of post-consumer PET waste per year, equivalent to 2 billion PET coloured bottles or 2.5 billion PET trays. The plot on which the plant is to be built offers space to double the capacity in the future.<br \/>\nIf this first plant in France is a success, Indorama Ventures has also indicated it will potentially expand the technology to other PET sites for future developments.<br \/>\nThe project is part of Indorama Ventures\u2019 Vision 2030 sustainability ambitions, which include spending $1.5 billion to increase its recycling capacity to 50 billion PET bottles per year by 2025 and 100 billion bottles per year by 2030. To meet these goals, Indorama Ventures is investing in new &#8211; mechanical and chemical &#8211; recycling technologies.<br \/>\n\u201cWe are encouraged by the positive results of the due diligence our teams have performed so far on the technical soundness of Carbios\u2019 technology. We are confident that this groundbreaking development could be a valuable addition to the range of solutions for the circular economy of PET plastics and fibers,\u201d said\u00a0Yash Lohia, Chairman of the ESG Council at Indorama Ventures.<br \/>\nThe total capital investment for the new plant is re-estimated to be around \u20ac230 million, taking into account recent impact from inflation. Project costs will be financed by the sums mobilized by Indorama Ventures, the French State and Grand-Est Region subsidies available for the project, and by equity capitalisation of the joint venture by Carbios. Part of Carbios\u2019 equity injection into the joint venture will be financed by a portion of Carbios\u2019 current cash\u00a0position &#8211; \u20ac86 million as of 30 April 2023. Carbios is actively examining the best options to finance its remaining equity injection into the joint venture and will choose the most appropriate solution and timeline based on market conditions.<\/p>\n<p dir=\"ltr\"><strong><em>sustainableplastics<\/em><\/strong><\/p>\n<div style=\"margin-top: 20px\" class=\"zaya-short-link\">\n    <span><strong>Short link : <\/strong> link.iranpolymer.com\/urf<\/span>\n    <a href=\"#\" title=\"\u06a9\u067e\u06cc \u06a9\u0646\u06cc\u062f\" class=\"zaya-shortlink\"\n       style=\"font-size:10px;margin-right:5px;background-color:#eee;display:inline-block;padding:0 5px;border-radius: 4px;\"\n       data-url=\"link.iranpolymer.com\/urf\">\u06a9\u067e\u06cc \u06a9\u0646\u06cc\u062f<\/a>\n<\/div>\n<script>\n    document.addEventListener(\"DOMContentLoaded\", function () {\n        \"use strict\";\n        document.querySelectorAll(\".zaya-shortlink\").forEach(function (element) {\n            element.addEventListener(\"click\", function (e) {\n                e.preventDefault();\n                try {\n                    let url = this.dataset.url;\n                    let tempInput = document.createElement(\"input\");\n                    document.body.append(tempInput);\n                    tempInput.value = url;\n                    tempInput.select();\n                    document.execCommand(\"copy\");\n                    tempInput.remove();\n                    this.textContent = \"\u06a9\u067e\u06cc \u0634\u062f\"\n                } catch (e) {\n                }\n            });\n        });\n    });\n<\/script>","protected":false},"excerpt":{"rendered":"<p>Iranpolymer\/ Baspar\u00a0 Biotech company Carbios and Bangkok-based chemical giant Indorama Ventures, a global sustainable chemical producer, have signed a non-binding Memorandum of Understanding (MOU) to form a Joint Venture for the construction of the world\u2019s first PET biorecycling plant in France based on the enzymatic depolymerisation process developed by Carbios.\u00a0 The technology enables the efficient &hellip;<\/p>\n","protected":false},"author":5,"featured_media":86006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[69],"tags":[47559,47558,1002,47560],"class_list":["post-86005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-biorecycling","tag-carbios","tag-pet","tag-pet-waste"],"_links":{"self":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/posts\/86005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/comments?post=86005"}],"version-history":[{"count":0,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/posts\/86005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/media\/86006"}],"wp:attachment":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/media?parent=86005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/categories?post=86005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/tags?post=86005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}