Carbios and Kem One sign Letter of Intent to implement a PET biorecycling demonstration plant
Carbios announces the signature of a Letter of Intent (LOI) with Kem OneE for an implementation project in the French Chemical Valley of an industrial demonstration plant to secure the value of its PET recycling technology. Carbios biorecycling technology is is intended to enable to use waste plastics and fibres instead of petrochemicals to produce new virgin material, with no loss of quality.
Under the terms of this Letter of Intent, Carbios and Kem OneE have defined the principles that will guide their collaboration over the next six months in the prospect of the implementation of a PET biorecycling demonstration plant on Kem One’s industrial site in Saint-Fons. Carbios undertakes to study the construction of its demonstration plant on Saint-Fons site. Kem One undertakes to make its best efforts to mobilise all stakeholders and assist Carbios in defining the conditions for the provision of land, main utilities and required services, and in its procedures involving public authorities.
Upstream the construction of the demonstration plant, expected to start mid-2019, Carbios will be assisted and advised for the engineering study by its partner TechnipFMC, a world leading company in engineering and technologies.
