This aid scheme, notified by France, is to support the chemical recycling of plastic waste. It is designed to promote investments in technologies for transforming plastic waste into new raw materials while reducing the industry's carbon footprint.
A positive step towards the payment of grant subsidies to CARBIOS for the construction of the Longlaville biorecycling plant, as part of the overall public and private funding
This approval paves the way to effective payment of the subsidies, totalling €42.5 million, for CARBIOS Longlaville plant.
CARBIOS was selected by the French government to receive non-dilutive funding of €30 million under the France 2030 national ‘Plastics Recycling’ call for projects operated by ADEME, as well as €12.5 million from the Grand-Est Region. The implementation of this funding was conditional upon the European Commission's approval of the ‘Circular Economy’ State aid program.
