Carbios to host a Strategic Update following financing support to be received from the French State, the Grand-Est region and the industrial partnership with Indorama Ventures

• With new financing of over €150 million to be allocated to the construction of the world’s first PET biorecycling plant[1], Carbios confirms its ambition to start industrial and commercial operations in 2025 and will pursue in the meantime its international deployment through the licensing of its proprietary PET biorecycling technology.

Clermont-Ferrand, France, 02 June 2023 (06:45 CET). Carbios (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastics and textiles announces today that it will host a Strategic Update webcast on 6 June 2023 at 2:00pm CET (8am EST). A press release and related materials will be issued on 6 June 2023 prior to market opening time.

For this event, Carbios will be using a Webcast virtual platform to: 1) provide investors and analysts with detailed insights into the company’s mid-term strategic plan and targeted markets ; 2) report on progress for the construction and financing of its project to build an industrial plant in partnership with Indorama Ventures; 3) provide an update on its innovation pipeline and Intellectual Property strategy and; 4) provide details on the Company’s business model.

If you wish to join this event, please use the following Dial-in access:

[1] Indorama Ventures plans to invest about €110 million in equity and non-convertible loan financing directly in the Joint Venture operating the Longlaville plant. In addition, Carbios will receive grants totaling €42.5 million from the State via France 2030 and the Grand-Est region. These State and regional subsidies remain conditional to the European Commission’s approval of the corresponding state aid scheme, followed by the conclusion of national aid agreements.