CARBIOS: Two new multi-year commercial agreements for recycled PET

CARBIOS announced the signing of two new multi-year commercial agreements with major players in beverage industry, for the supply of recycled PET (r-PET).

The signing of these two new commercial agreements marks CARBIOS’s entry into a new strategic sector: beverages. Thgey are part of the pre-commercialization process for CARBIOS’s future industrial site, bringing the current level of pre-sales to approximately 50% of the site’s maximum production capacity.

Negotiations are ongoing with other partners to reach a pre-commercialization level of 70% of the Longlaville site’s maximum capacity, a threshold constituting one of the conditions for obtaining additional non-dilutive funding necessary to resume construction of the Longlaville plant.

A regional grant of €12.5 million has also been signed, bringing the total amount of public funding already secured to €42.5 million.