CARBIOS maintains its commitment to build the Longlaville plant and adjusts its timeline

Core Viewpoint - CARBIOS is committed to advancing the construction of its Longlaville plant, with a revised timeline and significant pre-commercialization contracts in place to support its financing efforts [2][8]. Financing and Project Timeline - A small portion of the financing is still required, with the goal to secure it by the end of Q1 2026, allowing for the plant to be commissioned in the first half of 2028 [5][8]. - The project has secured public funding of €42.5 million and is expected to be financially independent from CARBIOS through non-recourse financing [4][8]. - CARBIOS anticipates having over €55 million in available cash by the end of 2025, providing visibility on its financing horizon for the next twelve months [8]. Commercialization and Market Engagement - In 2025, CARBIOS signed pre-commercialization contracts covering nearly 50% of the production capacity at the Longlaville site, with aims to increase this to 70% soon [3][8]. - The company is actively pursuing commercialization of its technology licenses, having established a strategic partnership with Wankai New Materials for deployment in Asia, and plans to expand into Europe and the Americas [6][12]. Technological and Environmental Commitment - CARBIOS focuses on developing biological solutions for plastic and textile lifecycle management, utilizing enzyme-based processes for PET biorecycling and PLA biodegradation [7]. - The company collaborates with major brands in the cosmetics, food, and apparel sectors to enhance product recyclability and support a circular economy [7].