Beverage industry relies on enzymatic PET recycling from CARBIOS
New purchase agreements bring French biotech company closer to production launch
Advertisement
CARBIOS has announced the signing of two further multi-year commercial agreements for the supply of recycled PET (r-PET) with leading companies in the Beverage Industry.
The signing of these two commercial agreements gives CARBIOS access to the strategically important beverage sector. These new commercial agreements are part of the pre-marketing strategy for CARBIOS' future industrial recycling plant, which is now operating at around 50% capacity.
Negotiations are currently underway with other partners to achieve 70% capacity utilization at the Longlaville site. This is one of the prerequisites for securing the additional undiluted funds required to resume construction of the Longlaville plant.
In addition, a regional funding agreement of €12.5 million has been signed, bringing the total public funding already secured to €42.5 million.
Vincent Kamel, CEO of CARBIOS: "These new agreements confirm the robustness of our technology and the attractiveness of our offering to key sectors such as the beverage industry. They are also proof that we are implementing our strategy of spreading our commercialization activities across a wide range of sectors.", the
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
Other news from the department business & finance
