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Industry buzz

Sustainability: L’Oréal tackles plastic waste with new biotech investment

L’Oréal is investing in biotech alongside a pioneering startup that wants to revolutionize recycling. The beauty conglomerate has taken a minority stake in Carbios, which focuses on finding bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers. The company will use the investment - provided via L’Oréal’s corporate venture capital fund BOLD - Business Opportunities for L’Oréal Development - to finance a technology it has developed that uses specific enzymes in order to recycle PET (Polyethylene terephthalate) plastics and polyester fibres.

L'Oréal has taken a minority stake in Carbios, which focuses on finding (...)

L’Oréal has taken a minority stake in Carbios, which focuses on finding bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers. Photo: © Aurore Maréchal / AFP

Carbios’ technology is a real step forward as it would allow to create a real circular economy for a series a plastic packaging. The concept, which recycles broader materials than other recycling technologies, creates recycled PET plastic that is of the same standard as ‘virgin’ PET, making it suitable for use in beauty bottles and packaging.

L’Oréal and Carbios already have history, having founded a consortium to bring advanced recycling technology to the market on an industrial scale back in 2017, with the group recently being joined by Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe.

Other subscribers to the start-up’s capital increase include Copernicus AM, Michelin Ventures and Truffle Capital.

Brazil Beauty News with AFP/Relaxnews

© 2019 - Brazil Beauty News - www.brazilbeautynews.com

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