CARBIOS announced the execution of a joint development agreement between the enzymes producer NOVOZYMES, CARBIOS and its subsidiary CARBIOLICE. Joint-Development Agreement: Under the terms of this multi-year agreement, NOVOZYMES will upscale and produce CARBIOS' proprietary enzymes. NOVOZYMES commits to become long-term exclusive supplier of plastics degrading enzymes to CARBIOLICE, a subsidiary to CARBIOS.

This collaboration is a world premiere in the field of bioplasturgy that aims to act as a catalyst by making single use plastics environmentally-friendly and cost competitive. Industrial roll-out: CARBIOLICE, the joint-venture created by CARBIOS, Limagrain Céréales Ingrédients and Bpifrance (the financial might of France's sovereign wealth fund), will produce and commercialize a new generation of products enabling single-use plastics to be fully biodegradable in any environmental condition. The range of commercial applications in target are single-use plastics for grocery and retail bags, rigid and flexible packaging, disposable tableware and agricultural mulch films. With this technology, CARBIOLICE will have the opportunity to take a leading position on the market by addressing the major environmental concern with single-use plastics, and by this prevent their widespread use from harming its environment.

CARBIOS will be entitled to receive royalty payments from CARBIOLICE as of the commercial launch, expected in 2020. A general commitment to preserve planet: CARBIOS, CARBIOLICE and NOVOZYMES are joining efforts to tackle plastics environmental impact. Together, the companies aim to provide a breakthrough solution that allows the biodegradation of single-use plastics in an eco-friendly manner that has never been achieved before.