Core Viewpoint - CARBIOS and Wankai New Materials have signed a collaboration agreement to implement CARBIOS's enzymatic PET recycling technology in Asia, marking a significant strategic advancement for both companies in establishing a circular PET industry in the region [1][5][6]. Group 1: Agreement Details - The agreement includes the construction and operation of multiple PET biorecycling plants in Asia, with a total capacity of up to 1 million tons per year [2][8]. - The first step involves establishing a joint venture to build a PET biorecycling plant in China, with an annual processing capacity of 50,000 tons of PET waste [3][8]. - Wankai will guarantee the financing of the joint venture and become the main shareholder, with construction expected to begin in Q1 2026 [3][4]. Group 2: Investment and Licensing - Wankai will invest €5 million in CARBIOS to strengthen the strategic partnership [4]. - CARBIOS will grant an exclusive license for its technology to the joint venture, marking the first licensing of its technology and confirming the viability of its business model [5][6]. Group 3: Market Context - China, as the world's leading PET producer, is a crucial market for CARBIOS, and this agreement is a significant step towards a sustainable PET industry in Asia [5][6]. - The partnership aims to contribute to a circular and low-carbon PET industry, aligning with global sustainability goals [6].

Core Points - CARBIOS and Wankai New Materials have signed an agreement to collaborate on deploying CARBIOS' PET enzymatic recycling technology in Asia, marking a significant step in the development of a circular PET industry in the region [1][6][8] Group 1: Agreement Details - The agreement establishes a long-term commitment to build and operate several PET biorecycling plants in Asia, targeting a total capacity of one million tonnes per year [2][8] - The first joint venture will focus on constructing a PET biorecycling plant in China with an annual processing capacity of 50,000 tonnes of PET waste [3][8] - Wankai will be the main shareholder of the joint venture, which will be financed by Wankai, and is expected to start construction in the first quarter of 2026 [4][8] Group 2: Financial Aspects - Wankai will invest €5 million in CARBIOS S.A. to strengthen the strategic partnership [4] - The finalization of the partnership, including the shareholders' agreement and license agreement, is expected by the end of 2025 [5][8] Group 3: Strategic Importance - China, as the world's leading producer of PET, is a crucial market for CARBIOS, and this agreement is seen as a strategic advancement for both companies [6][8] - The collaboration aims to accelerate the transition to a more circular and low-carbon PET industry [7][8]

Core Points - CARBIOS and Wankai New Materials have signed a fundamental agreement to collaborate on deploying CARBIOS' enzymatic PET recycling technology in Asia [1][2] - The partnership aims to build and operate multiple biorecycling plants in Asia with a target capacity of 1 million tons per year [2][9] - The first step involves creating a joint venture to construct and operate a biorecycling plant in China with an annual capacity of 50,000 tons of PET waste [3][9] Company Overview - CARBIOS is a biotechnology company focused on developing biological solutions to reinvent the lifecycle of plastics and textiles, utilizing enzyme-based processes for plastic deconstruction [8] - The company has been operational since 2021 with its industrial demonstration plant for biorecycling and plans to commence construction of the world's first biorecycling plant by the end of 2025, pending additional funding [8] - CARBIOS is supported by prestigious brands in the cosmetic, food, and apparel industries to enhance the recyclability and circularity of their products [8][10] Investment and Financial Aspects - Wankai will be the majority shareholder of the joint venture and will guarantee the financing for the first biorecycling plant, with an investment of €5 million in CARBIOS' capital [4][5] - The partnership remains subject to the finalization of definitive agreements, including a shareholders' pact and a licensing contract, with the goal of signing by the end of the year [5][9] Strategic Importance - The agreement marks a strategic step for both CARBIOS and Wankai, aiming to accelerate the development of a circular PET industry in Asia, which is a key market for CARBIOS as the world's largest PET producer [6][7] - This collaboration is seen as a significant milestone in the international deployment of CARBIOS' technology and its licensing model [7]

Core Insights - Syensqo reported an underlying EBITDA of €326 million for Q3 2025, reflecting resilient margin performance despite a challenging macroeconomic environment [1][3][22] - The company generated strong free cash flow of €250 million in Q3, indicating robust cash generation capabilities [1][22] - An agreement to divest the Oil & Gas business unit for an enterprise value of €135 million was reached, advancing Syensqo's pure play specialty strategy [1][6][22] Financial Performance - Net sales for Q3 2025 were €1.52 billion, down 7.1% year-on-year, impacted by unfavorable foreign exchange movements (-5%) and lower volumes (-1%) [2][6][29] - Gross profit decreased by 15.3% year-on-year to €484 million, resulting in a gross profit margin of 31.9%, which remained unchanged sequentially [2][6][29] - Underlying EBITDA decreased by 12.8% year-on-year, with a margin of 21.5%, which expanded by 40 basis points sequentially [2][6][22] Cash Flow and Efficiency - Operating cash flow increased significantly to €331 million, up 57.9% year-on-year, while free cash flow surged to €250 million from €27 million in the previous year [2][6][22] - Cash conversion for the last twelve months (LTM) improved to 76%, up 690 basis points year-on-year [2][6][22] - Return on Capital Employed (ROCE) for LTM was 6.5%, down 160 basis points year-on-year [2][6][22] Strategic Outlook - The company anticipates a slower recovery in volumes for the remainder of the year, adjusting its full-year outlook accordingly [4][6][20] - Strong underlying demand in civil aerospace and space & defense applications is expected to support growth in Composite Materials in 2026 and beyond [7][20][34] - Syensqo aims to achieve over €200 million in run-rate savings by the end of 2026 through cost-saving initiatives [8][21][35]

Core Insights - Delta has achieved the world's first ISO 59004 Circular Economy Certification in the global ICT industry, scoring 5 out of 5 in the audit, showcasing a robust circular economy management system [1][2][4] Group 1: Certification and Achievements - The ISO 59004 certification, established in 2024, requires organizations to create a comprehensive system for resource recyclability and value retention, evaluated across social, economic, and environmental dimensions [4] - Delta has also earned UL 2799 Zero Waste to Landfill validation at 18 production sites, including 6 Platinum-level sites, with a 99.6% waste diversion rate in 2024, successfully diverting 231,509 metric tons of waste [3] Group 2: Sustainability Strategies - Delta's "Delta Group Product Carbon Footprint Strategies," launched in 2022, includes four core strategies: circular design, circular procurement and manufacturing, circular services, and residual product value creation [2] - Long-term targets set by Delta include securing third-party certified recycled materials from 30 key suppliers by 2030, achieving a 100% waste diversion rate across all production sites by 2025, and reaching 100% global waste diversion by 2050 [2] Group 3: Recognition and Awards - Delta received the "Sustainable Governance Award" and the "Annual Innovation Award" at the 2025 SGS Business Assurance Annual Conference, recognizing its integrated approach to resource circularity and alignment with global sustainability goals [5]

Financial Performance - 3Q25 revenue was $2,202 million, compared to $2,464 million in 3Q24, a decrease of 11%[7] - 3Q25 adjusted EBIT was $210 million, compared to $366 million in 3Q24[7] - The adjusted EBIT margin for 3Q25 was 9.5%, down from 14.9% in 3Q24[7] - Adjusted EPS for 3Q25 was $1.14, compared to $2.26 in 3Q24[7] Cost Reduction and Cash Flow - The company is on track to reduce its cost structure by more than $75 million in 2025 and an additional ~$100 million in 2026[6] - The company demonstrated progress on inventory actions, with an approximately $200 million reduction from second-quarter 2025 levels[6] - The company returned $146 million to shareholders through dividends and share repurchases[6] - Expect FY25 operating cash flow approaching $1 billion[41] Circular Economy Platform - The Kingsport methanolysis facility is expected to contribute $60 million-$65 million of incremental EBITDA in FY25[41] - 4Q25 revenue from the Kingsport methanolysis facility is expected to be at a $100 million to $125 million annualized rate[16]

Core Insights - Cielo Waste Solutions Corp. will host a live investor and stakeholder webinar on November 20, 2025, to discuss advancements in its flagship project, Project Nexus [1][2]. Group 1: Project Nexus - Project Nexus aims to convert biomass and wood waste into low-carbon transportation fuels, including sustainable aviation fuel, representing a key part of Cielo's strategy for clean-energy solutions [3]. - The webinar will cover technology integrations, partnership developments, and operational strategies related to Project Nexus, along with expected near-term milestones [2][3]. Group 2: Company Overview - Cielo Waste Solutions Corp. focuses on transforming waste materials into high-value products, addressing global waste challenges while contributing to the circular economy and reducing carbon emissions [4]. - The company is committed to using environmentally friendly and economically sustainable technologies to lead in the wood by-product-to-fuels industry, aiming to provide environmental waste solutions that generate positive returns for shareholders [4].

Ottawa, Oct. 31, 2025 (GLOBE NEWSWIRE) -- The Europe packaging market is accelerating, with forecasts predicting hundreds of millions in revenue growth between 2025 and 2034, powering sustainable infrastructure globally. The increased demand for advanced packaging solutions in various end-user industries like food & beverages and pharmaceutical companies is driving the European packaging market. Europe is the hub for robust packaging manufacturers and strict government regulation, emphasizing the developmen ...

Core Insights - Winmark Corporation (NASDAQ:WINA) is focusing on a strategic shift towards franchising retail stores that sell secondhand goods, with a notable increase in franchise locations from 1,319 to 1,350 by the end of 2024, indicating steady expansion [1] - The company is gradually exiting its leasing segment to enhance margins and align with its long-term strategy, while also emphasizing sustainability and the circular economy [2] - Winmark's strong cash reserves, exceeding $39.7 million in cash and cash equivalents as of Q3 2025, have allowed it to maintain a solid dividend policy, with an operating cash flow of over $36.3 million [3] Financial Performance - Over the past five years, Winmark has consistently raised its dividends at an annual average rate of nearly 36%, and has also issued special dividends, making it a strong candidate for dividend investors [4] - The current quarterly dividend stands at $0.96 per share, with a dividend yield of 0.98% as of October 30 [4]

Q3 2025 revenue up +5.3% Dynamic summer season in Hospitality, robust activity in other markets Full-year 2025 financial objectives confirmed The Group continues to grow, confirming the resilience of its model amid ongoing European economic and political uncertainty Organic revenue growth +4.2% in Q3, supported by a solid summer season in Hospitality in France and Southern EuropeCommercial momentum remains positive in most countries, particularly in workwear marketGood performance in Latin America, driven ...