CARBIOS enters the r-PET market for tire textile filaments

Core Insights - CARBIOS has signed a multi-year commercial agreement with Indorama Ventures for the supply of biorecycled monomers, which will be transformed into r-PET filaments for Michelin tires [1][7] - This agreement signifies a strategic commitment to convert complex PET waste into high-performance materials, leveraging CARBIOS' enzymatic recycling technology [2][4] - The partnership is part of CARBIOS' pre-commercialization efforts for its Longlaville plant, following recent sales contracts with global cosmetics leaders [3][4] Company Overview - CARBIOS is a biotechnology company focused on developing biological solutions for plastic and textile lifecycle management, with a mission to prevent pollution and promote a circular economy [6] - The company has operationalized its industrial demonstration plant for biorecycling since 2021 and plans to resume construction of the world's first biorecycling plant in the second half of 2025, pending additional funding [6] - Indorama Ventures is a leading sustainable petrochemicals producer with a revenue of $15.4 billion in 2024, focusing on innovative and circular materials across various essential markets [9] - Michelin, a global leader in engineered materials, aims to integrate enzymatically recycled r-PET into its products as part of its commitment to achieving 100% renewable and recycled materials by 2050 [10]