Carbios: joint LOI with Zhink as potential licensee

This morning, Carbios announced that it has signed a joint LOI with Zhink Group - a major Chinese PET and Textile producer - with a view to building a 50Kt bio-recycling plant in China based on Carbios' enzymatic depolymerisation technology. This announcement materialises Carbios' investments in co

Carbios: partnership with Tomra Textiles

This morning, Carbios announced it had signed an agreement with Tomra Textiles - a tech venture branch of the sorting technology leader Tomra - to collaborate on creating an efficient system for textile waste collection, sorting and preparation in Northern Europe. Under this agreement Tomra Textile

Carbios: Creation of a 100% biorecycled bottle with L'Occitane

Yesterday, Carbios announced the creation of a 100% biorecycled PET bottle with L'Occitane en Provence (owner of 2.33% of Carbios), using recycled PET from its industrial demonstrator in Clermont-Ferrand (France) and in collaboration with Pinard Beauty Pack. Releasing this fully recycled end-produc

Carbios and Hündgen sign a MoU for feedstock supply

This morning, Carbios announced the signing of a non-binding Memorandum of Understanding with Hündgen, a waste management expect in logistics, sorting and recycling services. The MoU concerns the supply of 15kt/year of post-consumer PET waste to be recycled in the company's first commercial plant f

Carbios: roadmap confirmed

Carbios has reported a FY23 operating loss of EUR28.9m, vs -EUR26.1m in 2022. While R&D expenses stabilised YoY, overall operating expenses continued to increase as the company structures itself to be ready for industrial and commercial developments. Still in the early phase of its ramp-up, Car

FDA approval for enzymatic PLA

This morning, Carbios announced that Carbios Active, its enzymatic solution for 100% compostable PLA (also known as Evanesto), has been added to the FDA inventory of Food Contact Substances. Based on this milestone, Carbios' enzymes can now be used to produce 100% compostable food packaging materia

Carbios and Landbell group signs MOU for feedstock supply

This morning, Carbios announced the signing of a MOU with Landbell Group, a leading provider of closed-loop recycling solutions, for the supply of 15kt/year of PET flakes that will be recycled in the company's first commercial plant from 2026. Carbios has thus secured, in combination with other fee

Carbios: EPC contractor revealed

This morning, Carbios has announced the selection of De Smet Engineers & Contractors (DSEC), a world-class provider of Engineering, Procurement and Construction (EPC) services for the construction of its 50Kt Reference Unit in Longlaville. Consequently, now that the building permit, the operati

It all starts now

This morning, Carbios has announced the simultaneous receipt of both the building permit and the operating authorisation for its 50Kt Reference Unit in Longlaville, therefore allowing construction work to start. As such, Carbios is perfectly on track to meet its schedule, with expected commissionin

Prestigious enzyme leadership acknowledgment

Carbios yesterday announced the publication of an article in "ACS Catalysis" (accessible here), one of the world's most influential scientific journals, assessing industrial-scale enzymatic recycling pathways. This publication confirms Carbios’ complete technological leadership in enzymology, years

Ready to expand

Carbios has reported an H1 2023 operating loss of EUR13.3m, vs -EUR11.5m in H1 2022. R&D and General & Administrative expenses accelerated as the company continues to structure itself to be ready for industrial and commercial developments. Carbios' investment case remains unchanged since it

Successful EUR141m raise unlocks the growth pathway

Last week, Carbios announced a successful EUR141m right issue. The capital increase will allow the company to build its Reference Unit in Longlaville, accelerate licensing go-to-market efforts and support R&D activities in other polymers. Now that Carbios is fully funded, we consider the path-t

Insights from the Clean Mobility & Sustainability conference

Earlier this week, we held the Clean Mobility & Sustainability conference at the Novotel Eiffel Hotel in Paris, gathering 13 listed companies for in-person meetings, mostly at C-level, and more than 100 participants.

Shaking up the entire plastic waste market

We take advantage of positive recent newsflow, including yesterday’s CMD, to process an important model update and review our sales and margin assumptions as of 2023e. Given the unique biorecycling technology of Carbios and the strong partnerships concluded (including with Indorama Ventures), we th

Groundbreaking collaboration with Indorama Ventures

Carbios and Indorama Ventures have reaffirmed their partnership through a non-binding Memorandum of Understanding (MOU) to establish a Joint Venture for the construction of the world's first PET biorecycling plant, namely the Reference Unit, in Longlaville (France). While Carbios' investment detail

EUR54m subsidy package a big step towards operation

Carbios has successfully been awarded a pool of close to EUR54m in subsidies. Having a closer look at the breakdown, this paves the way for the Longlaville FID specifically with (i) EUR42.5m in state subsidies streaming from the ADEME "France 2030" framework and the Grand-Est region, as well as (ii

Bryan, Garnier & Co Technology Daily | Carbios

Moving a step closer to industrialisation

Carbios has reported a FY22 operating loss of EUR26.1m, vs -EUR15.8m in 2021. R&D and General & Administrative expenses accelerated as the company continues to structure itself to be ready for industrial and commercial developments. Still in the early phase of its ramp-up, Carbio's investme