2026 completion expected for Carbios' first PET enzymatic biorecycling plant, with a cash position of €120.7mn as of June 30, 2024.
CARBIOS, a French biotech firm focused on innovative recycling technologies, reported its half-year financial results for 2024. The company is on schedule to complete the world's first PET enzymatic biorecycling plant by 2026. As of June 30, 2024, CARBIOS had a cash position of €120.7 million, plus €23.4 million in term deposits, and anticipates €42.5 million in public funding. The company has secured key feedstock supply agreements to support its operations.
October 02, 2024
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