- L'Oreal (OTCPK:LRLCF, OTCPK:LRLCY) takes a minority stake in Carbios as part of a new funding round
- The two companies have been in a partnership since 2017 working on the development of the sustainable plastic life cycle.
- Carbios is using about 75% of the €14.5M it raised to fund an industrial PET plastic bio-recycling demonstrator.