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L'Oreal invests in Carbios

Jun. 26, 2019 12:37 PM ETLRLCY, LRLCFBy: Clark Schultz, SA News Editor
  • 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.

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