Core Viewpoint - CARBIOS and Wankai New Materials have signed a collaboration agreement to implement CARBIOS's enzymatic PET recycling technology in Asia, marking a significant strategic advancement for both companies in establishing a circular PET industry in the region [1][5][6]. Group 1: Agreement Details - The agreement includes the construction and operation of multiple PET biorecycling plants in Asia, with a total capacity of up to 1 million tons per year [2][8]. - The first step involves establishing a joint venture to build a PET biorecycling plant in China, with an annual processing capacity of 50,000 tons of PET waste [3][8]. - Wankai will guarantee the financing of the joint venture and become the main shareholder, with construction expected to begin in Q1 2026 [3][4]. Group 2: Investment and Licensing - Wankai will invest €5 million in CARBIOS to strengthen the strategic partnership [4]. - CARBIOS will grant an exclusive license for its technology to the joint venture, marking the first licensing of its technology and confirming the viability of its business model [5][6]. Group 3: Market Context - China, as the world's leading PET producer, is a crucial market for CARBIOS, and this agreement is a significant step towards a sustainable PET industry in Asia [5][6]. - The partnership aims to contribute to a circular and low-carbon PET industry, aligning with global sustainability goals [6].
CARBIOS und die Zhink Group Tochter Wankai New Materials verpflichten sich mit dem Bau einer chinesischen PET-Biorecyclinganlage zum industriellen Einsatz der PET-Biorecycling-Technologie von CARBIOS in Asien