Core Points - CARBIOS and Wankai New Materials have signed a fundamental agreement to collaborate on deploying CARBIOS' enzymatic PET recycling technology in Asia [1][2] - The partnership aims to build and operate multiple biorecycling plants in Asia with a target capacity of 1 million tons per year [2][9] - The first step involves creating a joint venture to construct and operate a biorecycling plant in China with an annual capacity of 50,000 tons of PET waste [3][9] Company Overview - CARBIOS is a biotechnology company focused on developing biological solutions to reinvent the lifecycle of plastics and textiles, utilizing enzyme-based processes for plastic deconstruction [8] - The company has been operational since 2021 with its industrial demonstration plant for biorecycling and plans to commence construction of the world's first biorecycling plant by the end of 2025, pending additional funding [8] - CARBIOS is supported by prestigious brands in the cosmetic, food, and apparel industries to enhance the recyclability and circularity of their products [8][10] Investment and Financial Aspects - Wankai will be the majority shareholder of the joint venture and will guarantee the financing for the first biorecycling plant, with an investment of €5 million in CARBIOS' capital [4][5] - The partnership remains subject to the finalization of definitive agreements, including a shareholders' pact and a licensing contract, with the goal of signing by the end of the year [5][9] Strategic Importance - The agreement marks a strategic step for both CARBIOS and Wankai, aiming to accelerate the development of a circular PET industry in Asia, which is a key market for CARBIOS as the world's largest PET producer [6][7] - This collaboration is seen as a significant milestone in the international deployment of CARBIOS' technology and its licensing model [7]
CARBIOS et Wankai New Materials, filiale du Groupe Zhink, s’engagent pour le déploiement à très grande échelle de la technologie de biorecyclage du PET de CARBIOS en Asie, avec comme première étape la construction d’une usine en Chine.