L’Oreal Makes A Move Into Bio-Recycling
July 14, 2020L’Oréal increased its share in Carbios through its investment fund BOLD (Business Opportonuties for l’Oréal Development) launched in 2018. Other companies have also increased their share in Carbios: Copernicus AM, Michelin Ventures et Truffle Capital.
L’Oréal and Carbios formed the joint venture in 2017. In the meantime, following companies have expressed their support: Nestlé Waters, PepsiCo et Suntory Beverage & Food Europe.
The funding will enable Carbios to finance a pilot plant for the recycling of plastics and polyesters fibres into PET plastics which will be the first step towards the industrialisation of this enzymatic PET recycling technology.
