Core Viewpoint - The article discusses the establishment of a joint venture between Wankai New Materials and Carbios to build a PET recycling plant in China, utilizing innovative enzymatic technology for sustainable recycling [2][5]. Project Overview - The joint venture will construct the first plant capable of processing 50,000 tons of PET waste annually, located in Haining Qianshan Industrial Zone [3][4]. - The total investment for the project is approximately 1.15 billion euros (around 9.22 billion RMB), with Wankai contributing 70% and Carbios 30% [2][5]. Carbios Technology - Carbios' enzymatic technology allows for the recycling of complex PET waste without solvents, converting it back into its basic components, terephthalic acid (PTA) and ethylene glycol (MEG), achieving 100% recyclability [5][6]. - This technology addresses the challenge of 100% PET recycling and aims to create significant value in the post-consumer PET recycling sector [5][6]. Investment and Funding - The project is expected to be funded through registered capital and bank financing, with capital expenditures estimated at 1.15 billion euros (approximately 9.22 billion RMB) [5][6]. - The registered capital of the joint venture is set at 276.6 million RMB, with Wankai contributing 193.6 million RMB and Carbios contributing approximately 82.99 million RMB [6]. Governance and Management - The joint venture will have a board of directors consisting of three members, with Wankai nominating two and Carbios nominating one [7]. - Wankai is committed to completing its investment in Carbios within six months of the agreement's effectiveness [7][8]. Exclusive Licensing Agreement - Carbios grants the joint venture exclusive rights to its PET depolymerization technology across Asia, with the initial license period lasting three years, extendable based on production capacity increases [8][9]. - The joint venture is responsible for sourcing raw materials and negotiating necessary contracts for plant operations [8][9]. Future Prospects - The collaboration aims to position Wankai as a leader in the recycled PET market, leveraging Carbios' innovative technology to enhance sustainability in the plastics industry [2][5].
全球首套！化工新材料龙头，签约5万吨生物酶解PET再生项目