Carbios strengthens its executive committee with the appointment of Pascal Bricout as Chief Strategy & Financial Officer

CLERMONT-FERRAND, France–(BUSINESS WIRE)–Regulatory news:

Carbios (Euronext Growth Paris: ALCRB), a pioneer in the development of enzymatic solutions dedicated to the end of life of plastic and textile polymers, today announces the appointment of Pascal Bricout as Director of Strategy and Finance and member of the Company’s Executive Committee.

Carbios CEO Emmanuel Ladent said: “We are delighted to welcome Pascal Bricout to the Executive Committee of Carbios. His remarkable professional skills and international experience will undoubtedly be a major asset for the company towards industrialization and commercialization. As Chief Strategy and Finance Officer, he will play a key role in driving Carbios towards its strategic objectives. »

Mr. Bricout will oversee the management and organization of Carbios’ Finance division. He will also steer the Group’s strategy, investor relations and the launch of the Corporate social responsibility Politics. He joins the company with more than 30 years of experience in finance, strategy and international mergers and acquisitions.

Before joining Carbios, Mr. Bricout served as Michelin’s Chief Financial Officer in Asia, which is a major area of ​​growth and development for the company. Over the past 10 years, he has focused primarily on large strategic mergers and acquisitions.

Mr. Bricout holds a Master’s degree in Finance from Paris-Dauphine University. He began his career at PwC, as a manager in the International Transactions Services teams in Paris and London.

Mr. Bricout, Director of Strategy and Finance at Carbios, said: “I am delighted to join Carbios and proud to participate in this concrete and significant step towards the circular economy. After having developed unparalleled breakthrough technologies in the biodegradation and biorecycling of plastics and textiles, Carbios must now complete an industrial and commercial phase. This is crucial for companies using PET to achieve their sustainability goals from 2025. In this dynamic context, Carbios and its subsidiary Carbiolice are on the way to becoming world leaders in the development and industrialization of innovative bioprocesses to revolutionize the life cycles of plastics and textiles.

About Carbios

Created in 2011 by Truffle Capital, Carbios is a green chemistry company, developing biological and innovative processes. Through its unique approach combining enzymes and plastics, Carbios aims to meet new consumer expectations and the challenges of a broad ecological transition by taking up a major challenge of our time: plastic and textile pollution.

Carbios deconstructs any type of PET (the dominant polymer in bottles, trays, polyester textiles) into its basic components which can then be reused to produce new PET plastics of equivalent quality to virgins. This PET innovation, the first of its kind in the world, was recently recognized in a scientific article published on the cover of the prestigious journal Nature. Carbios successfully started its demonstration plant in Clermont-Ferrand in 2021. It has just taken a new key step towards the industrialization of its process with the construction of an unprecedented unit in partnership with Indorama Ventures.

In 2017, Carbios and L’Oréal co-founded a consortium to contribute to the industrialization of its proprietary recycling technology. Committed to developing innovative solutions for sustainable development, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe joined this consortium in April 2019. In 2022, Carbios signed an agreement with On, Patagonia, PUMA and Salomon, to develop solutions promoting the recyclability and circularity of their products.

The Company has also developed a technology for the enzymatic biodegradation of single-use plastics based on PLA (a biobased polymer). This technology makes it possible to create a new generation of plastics that are 100% compostable under domestic conditions, integrating enzymes into the heart of the plastic product.

For more information, visit www.carbios.com/fr

Twitter: Carbios LinkedIn: Carbios Instagram: insidecarbios

Carbios (ISIN FR0011648716/ALCRB) is eligible for the PEA-PME, a government program allowing French residents investing in SMEs to benefit from income tax deductions.

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