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Thursday February 9th, 2023
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L'Oréal invests in biotechnology with a minority stake in Carbios

L'Oréal took part in the capital increase carried out by Carbios, a pioneer company in the development of enzymatic processes for the biodegradation and biorecycling of plastics.

This participation was made through BOLD Business Opportunities for L'Oréal Development , a private equity fund launched in December 2018. The fundraising carried out by Carbios is intended in particular to finance the industrial demonstrator of biorecycling of plastics and polyester fibers in PET plastic, the first step towards the industrialization of the technology designed by Carbios on PET.

This technology uses highly specific enzymes intended for the recycling of materials such as PET, a plastic used among others for packaging, or certain polyesters. This innovative process makes it possible to produce a recycled PET equivalent to virgin PET, paving the way for the replacement of a material derived from fossil fuels.

This equity investment demonstrates our desire to support new sustainable development technologies, in line with our commitment that, by 2025, 100% of our packaging will be recycled, recyclable or compostable. More specifically, 50% of the plastic used in our packaging will be of recycled or bio-sourced origin. Carbios is developing pioneering plastic recycling technology, based both on the principles of the circular economy and on biotechnologies. We are proud to support them in their development, ” underlines Barbara Lavernos , General Manager of Technologies and Operations at L'Oréal.

In 2017, Carbios and L'Oréal founded a consortium to industrialize this innovative recycling technology. Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe recently joined the consortium to promote the circular economy of plastics using this technology.

The BOLD Business Opportunities for L'Oréal Development fund is intended to acquire minority stakes in innovative companies and brands with high growth potential. Aiming to invest in new marketing, R&I, digital, distribution, communication, supply and packaging models, BOLD supports start-ups by providing them with its expertise, its network and a mentoring system.

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