French biotech firm expands into industrial fabrics market through enzymatic PET recycling technology

French biotechnology company CARBIOS has signed a multi-year commercial agreement with Thailand's Indorama Ventures to supply recycled materials for tyre manufacturing, marking the firm's expansion into the industrial fabrics sector.

Under the deal, CARBIOS will provide biorecycled monomers from its planned Longlaville industrial plant to Indorama Ventures, the world's largest polyester producer. The Thai company will transform these materials into recycled polyethylene terephthalate (r-PET) filaments for use in tyre reinforcement by French tyre manufacturer Michelin.

The partnership represents CARBIOS's entry into a new market segment beyond its existing focus on cosmetic packaging applications. The company uses proprietary enzymatic recycling technology to break down complex PET waste into high-quality recycled materials.

"This commercial agreement with Indorama Ventures marks a new step in the realisation of our industrial project," said Vincent Kamel, chief executive of CARBIOS. "It confirms the trust of Indorama Ventures and Michelin in our PET biorecycling technology."

The deal comes weeks after CARBIOS signed its first sales contracts for biorecycled PET with two unnamed global cosmetics companies, as the firm builds momentum ahead of the commercial launch of its Longlaville facility.

Michelin, which has committed to using 100 percent renewable and recycled materials by 2050, said the partnership advances its circular economy objectives.

"This partnership is a tangible expression of our commitment to turning complex waste into high-performance materials," said Fabien Gaboriaud, director of circularity and renewable & recycled materials at Michelin Group. "By integrating enzymatically recycled r-PET into our tyres, we are marking a new milestone on our journey toward achieving 100 percent renewable and recycled materials by 2050."

Indorama Ventures, which generated $15.4 billion in revenue last year, said the alliance underscores its commitment to circular economy principles. The company employs approximately 25,000 people across manufacturing operations in Europe, Africa, the Americas, and Asia Pacific.

"This alliance with both, CARBIOS and Michelin, underlines our commitment to plan ahead and take a leading role in shifting the industry towards circularity," said Renato Boaventura, global market head mobility at Indorama Ventures.

CARBIOS, founded in 2011, has developed enzyme-based biological processes to break down plastics as part of efforts to prevent plastic pollution and accelerate the transition to a circular economy. The company operates an industrial demonstration plant for biorecycling that has been operational since 2021.

Construction of what the company describes as the world's first biorecycling plant is expected to resume in the second half of 2025, subject to securing additional funding.

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The German Rubber Industry Association (wdk) has sounded an alarm over an exceptionally difficult economic situation facing the rubber sector. Soaring raw material prices and persistently high energy costs, exacerbated by the Iran war, are coinciding with weak industrial demand. wdk Chief economist Michael Berthel noted an almost unprecedented economic disparity, as raw material costs approach historical highs from 2011 and 2022 while a lack of demand prevents any offset for manufacturers.

Since the final quarter of 2025, prices for key inputs have risen sharply. Natural rubber has jumped more than 40 percent within months, while butadiene-based synthetic rubbers have increased over 30 percent. EPDM synthetic rubber, carbon black and oil-based plasticisers have all risen more than 20 percent, with some individual chemicals exceeding 40 percent cost growth in just a few weeks.

Energy prices remain a major burden, with Middle East developments fuelling market uncertainty. Risks to international transport and supply chains persist, and German rubber companies are closely watching potential impacts on raw material availability and global logistics flows.

Berthel warned that firms face mounting pressure from high costs, geopolitical instability and structural disadvantages in Germany, with no short-term relief in sight. The industry depends heavily on fair and reliable partnerships across the value chain, as processing companies alone cannot absorb the current strain. He called for fair solutions and a shared understanding of this exceptional situation.

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The Rubber Board of India has confirmed the continuation of all existing central sector schemes for the 2026-27 fiscal year at unchanged rates. Financial aid for new planting will be restricted to estates utilising poly bag or root trainer plants sourced solely from Board-approved nurseries, with applicants required to submit the original purchase bill. This mandatory verification step aims to ensure quality and authenticity of planting materials used across the sector.

Support for rain guarding and spraying operations will be channelled exclusively through Rubber Producers’ Societies. These societies must include GST bills for all acquired materials when applying. The official timeline for submitting applications will be announced separately by the Board, giving producers adequate time to prepare documentation and coordinate with their respective societies before the deadline.

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The Rubber Board of India has announced a temporary engagement for a young professional within its Market Promotion Division, located at the RRII campus in Puthuppally, Kottayam. The selected individual will assist with division activities and promote ‘mRube’, the electronic trading platform for natural rubber.

Candidates must hold an MBA in Marketing or Agri Business Management with computer knowledge, while skills in digital marketing, sales or market research and proficiency in English and Hindi are preferred. Applicants aged up to 30 years as of 1 May 2026, will be considered for the one-year role, which offers a consolidated monthly pay of INR 25,000.

Interested individuals should send their applications to the Deputy Director (Marketing) at the Central Laboratory Building, RRII, Rubber Board PO, Kottayam – 686009 by 19 May 2026. Shortlisted names will appear on the Rubber Board’s website with interview details, as no separate communication will be sent.

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Bekaert has officially finalised its acquisition of Bridgestone’s tyre reinforcement operations in China and Thailand, after securing all necessary regulatory approvals and meeting standard closing conditions. The deal, now fully completed, marks a significant step in the Belgian company’s expansion strategy.

The transaction brings under Bekaert’s control two production facilities: Bridgestone (Shenyang) Steel Cord Co., Ltd. in China and Bridgestone Metalfa (Thailand) Co., Ltd. in Thailand. These plants specialise in manufacturing high-quality tyre cord products exclusively for Bridgestone tyres, and they will continue to supply Bridgestone under the new ownership, further deepening the longstanding partnership between the two firms.

Financially, the acquisition is expected to add roughly EUR 80 million to Bekaert’s annual consolidated sales. The EUR 60 million cash consideration for the deal was funded from the company’s available cash reserves.

Curd Vandekerckhove, CEO Rubber Reinforcement, said, “With the completion of this acquisition within our Rubber Reinforcement division, we are pleased to officially welcome the plant teams in China and Thailand to Bekaert. Our immediate focus is on a smooth transition and operational continuity while continuing to serve Bridgestone as a key strategic partner. The completion of the acquisition further strengthens the position of Bekaert in the tyre cord market, expands the global manufacturing footprint and deepens our longstanding partnership with Bridgestone. A long-term supply agreement ensures continued delivery of high-quality tyre reinforcement within a trusted supplier model.”

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