Supported by significant progress in the financing of its industrial project in France, Carbios confirms its objective to build the Longlaville plant

Group 1: Longlaville Plant Project - Carbios confirms its objective to build the Longlaville plant and is working on structuring the necessary financing to resume the project [2] - The estimated construction cost of the plant is €230 million, with €42.5 million in public funding already secured [3][2] - Stakeholders aim to finalize the financing components in the coming weeks, targeting a deal closure by Q3 2026 [3] Group 2: Governance Update - Carbios has appointed Benoît Grenot as Deputy Chief Executive Officer to support the execution of development projects, including the Longlaville project [6] - The leadership believes Grenot's international experience and operational discipline will be crucial for finalizing financing and ensuring the success of strategic partnerships [7] Group 3: Financial Situation - Carbios has a solid cash position of approximately €60 million as of December 2025, allowing it to cover operating expenses for over the next 12 months [11][8] - Projected cash consumption for 2026, excluding the Longlaville project, is estimated at around €20 million [11] Group 4: Legal Proceedings Update - Two legal actions have been initiated against Carbios following the departure of a former executive, with the company planning to defend itself vigorously [12] - Carbios has filed a complaint for false accusation and a motion for retraction regarding seized documents [13] Group 5: Industry Context - The French and European regulatory frameworks increasingly support chemical recycling, which bolsters Carbios' confidence in securing pre-sales contracts for products from the Longlaville plant [4] - The IMPR decree in France and the SUPD implementing decision at the European level recognize chemical recycling and provide incentives for incorporating recycled plastics [22]