CARBIOS and Wankai to set up China JV for PET biorecycling

France-based CARBIOS and China’s Wankai New Materials, a listed subsidiary of Zhink Group, have agreed to form a joint venture (JV) partnership for the industrial rollout of CARBIOS’ polyethylene terephthalate (PET) biorecycling technology in Asia. The partnership will start with a new facility in China. Following the signing yesterday (2 December), the two companies have sealed a shareholders’ agreement to create a JV that will construct and operate what is described as the debut PET biorecycling plant ...