CARBIOS signs two new multi-year commercial agreements for recycled PET with major players in the beverage industry

Core Insights - CARBIOS has signed two new multi-year commercial agreements with major players in the beverage industry for the supply of recycled PET (r-PET) [1][7] - These agreements validate CARBIOS's technology and support its strategy of sector diversification [2][7] Company Overview - CARBIOS is a biotechnology company focused on developing biological solutions to reinvent the lifecycle of plastics and textiles, aiming to prevent pollution and promote a circular economy [3] - The company has two main technologies: one for PET biorecycling and another for PLA biodegradation, both of which are scaling up to industrial levels [3] - CARBIOS's industrial demonstration plant for biorecycling has been operational since 2021, with plans to resume construction of the world's first biorecycling plant by the end of 2025, pending additional funding [3] Strategic Developments - The new commercial agreements are part of the pre-commercialization process for CARBIOS's future industrial site, achieving approximately 50% of the site's maximum production capacity in pre-sales [7] - Ongoing negotiations aim to reach a pre-commercialization level of 70%, which is crucial for securing additional non-dilutive funding necessary for the Longlaville plant's construction [7] - A regional grant of €12.5 million has been secured, increasing the total public funding to €42.5 million [7]