Clermont-Ferrand (France), 2 June 2026 (05:45 pm CEST). Carbios (Euronext Growth Paris: ALCRB) provides an update on the progress of its strategic partnership with Wankai New Materials (“Wankai”) in the field of PET biorecycling in Asia.
The industrial project jointly led with Wankai is moving forward, with progress being made in the preparatory steps required to oversee and coordinate the construction of China’s first PET biorecycling plant, as well as in the validation of locally available waste streams.
However, given the innovative nature of the process developed by Carbios, which entails additional technical work to adapt to the specific characteristics of the site, Carbios indicates that the commissioning of this plant, located in Haining (Zhejiang Province), has been postponed and is now expected to take place by H1 2028. With a processing capacity of 50,000 tonnes of PET waste per year, this industrial facility will represent a key milestone in the industrialization and deployment of Carbios’ enzymatic biorecycling technology in Asia.
In this context, Carbios and Wankai have mutually agreed to postpone Wankai’s subscription to a dedicated capital increase of €5 million in the share capital of Carbios SA. This transaction, initially planned for the first half of 2026, is now expected to take place by December 31, 2026[1].
Carbios closed fiscal year 2025 with a solid cash position of €59 million on a Group basis, including its subsidiaries, enabling it to cover its operating expenses well beyond the next 12 months. This financial visibility provides the Company with the necessary resources to execute its strategic priorities and continue advancing its projects.
[1] The execution of this investment will be subject to the relevant administrative and regulatory approvals in China.
