CARBIOS signs two commercial agreements for recycled PET with major players in the beverage industry
CARBIOS announces the signing of two new multi-year commercial agreements with major players in beverage industry, for the supply of recycled PET (rPET). They form part of the pre-commercialisation process for the company’s future industrial site and bring the current level of pre-sales to around 50% of the site’s maximum production capacity.
Negotiations with additional partners are ongoing, with the goal of reaching a pre-commercialisation level of 70% for the Longlaville, France, site – a threshold that represents one of the conditions for securing further non-dilutive funding needed to resume construction of the plant.
In addition, a regional grant of €12.5 million has been signed, increasing the total amount of public funding already secured to €42.5 million.
CARBIOS designs enzyme-based biological processes to break down plastics. Its two technologies dedicated to PET biorecycling and PLA biodegradation are currently scaling up to industrial and commercial levels.