Core Viewpoint - Wankai New Materials (301216.SZ) aims to establish a competitive leading position in the recycled PET industry by forming a joint venture with French green technology company Carbios S.A. to promote the industrialization of post-consumer PET recycling [1] Group 1: Joint Venture Details - The joint venture will be registered in China with a total capital of 277 million RMB, where Wankai will contribute 194 million RMB (70%) and Carbios will contribute 82.9884 million RMB (30%) [1] - The joint venture will focus on constructing and operating the first biological enzymatic recycling project for PET, with an annual processing capacity of 50,000 tons of waste [1] Group 2: Investment and Strategic Partnership - The total investment for the recycling project is estimated at 115 million euros, approximately 922 million RMB [1] - Upon meeting specific conditions outlined in the agreement, Wankai will invest an additional 5 million euros in Carbios and secure a board seat [1]
万凯新材：对外投资设立合资公司暨投资建设生物酶解聚PET再生项目