CARBIOS Secures Beverage Industry Agreements for Recycled PET

CARBIOS, a biotechnology company, has announced the signing of two multi-year agreements for the supply of recycled PET (r-PET) with major beverage industry players. This marks CARBIOS's strategic entry into the beverage sector, enhancing its market positioning and diversification strategy.

The agreements are part of the pre-commercialization efforts for CARBIOS's upcoming industrial site, with pre-sales reaching about 50% of its full production capacity. CARBIOS aims to increase this level to 70% to secure additional funding for the Longlaville plant's construction.

The company also announced a regional grant of €12.5 million, increasing the total secured public funding to €42.5 million. CARBIOS remains optimistic about its technology's robustness and market appeal in strategic sectors like beverages.