Biological technologies developer Carbios has confirmed its ambitions to expedite the circular economy for plastic in its second annual sustainability report.

The company published this report using 2022 as the reference year and highlighted its commitment to transparency in terms of environmental, social and governance initiatives.

The report also underscores the company’s efforts to advance the circular economy for plastics through biological technologies.

Carbios’ report details the progress made in 2022, including the increase in the number of independent directors on the board, the completion of its inaugural carbon footprint report aimed at reducing greenhouse gas emissions, and the consolidation of the polyethylene terephthalate (PET) enzymatic depolymerisation process’ life cycle analysis.

Additionally, Carbios continued to emphasise employee training in safety and environmental issues.

By sharing its achievements and future goals, the company reaffirms its dedication to sustainable practices.

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Carbios CEO Emmanuel Ladent said: “Being a player in sustainable development should not be limited to offering technological solutions with low environmental impact, however innovative they may be.

“The way we see our role as a sustainable development player must apply to all our activities: we want and must be exemplary in terms of environmental, social and governance practices, business ethics and the involvement of all our stakeholders.”

In October this year, Carbios received building permits and operating authorisation for a PET recycling plant.

The plant is planned to be built in Longlaville (54) in the Grand-Est region of France on a 13.7ha site adjacent to the existing PET production plant of Indorama Ventures, its strategic partner. The total investment in the site is estimated to be €230m ($253.52m).