CARBIOS and Wankai New Materials, a subsidiary of Zhink Group, are committed to the large-scale deployment of CARBIOS’ PET biorecycling technology in Asia

• The two Groups have reached a binding agreement on the main principles of their collaboration, with a view to deploying a capacity of one million tonnes in the long term,
• Starting with the construction of a plant in China with a processing capacity of 50,000 tonnes of PET waste per year.
• This collaboration remains subject to the signing of final agreements.

Following the Letter of intent signed on June 24, 2024, CARBIOS (Euronext Growth Paris: ALCRB) and Wankai New Materials (“Wankai”), a listed^[1] subsidiary of Zhink Group, 3^rd largest PET producer in China and 4^th globally, announce the signing of an agreement on the fundamental principles of a collaboration aiming to deploy CARBIOS PET enzymatic recycling technology in Asia.

Under the terms of this agreement, CARBIOS and Wankai would enter into a long-term commitment with the ambition to build and operate several PET biorecycling plants in Asia with a target capacity of one million tonnes per year. CARBIOS would grant, to the joint ventures formed under this agreement, an exclusive licence of CARBIOS technology for the Asian region.

The first step of this collaboration will be the creation of a joint venture dedicated to the construction and operation of a first PET biorecycling plant in China, with an annual processing capacity of 50,000 tonnes of PET waste per year. CARBIOS will grant to this entity a licence to produce PTA and MEG monomers.

The financing of this future joint venture, in which Wankai would be the main shareholder, will be guaranteed by the latter. The construction project for the first plant is expected to start in the first quarter of 2026.

In addition, Wankai would make a € 5 million investment in CARBIOS S.A.^[2]. This investment would strengthen the strategic partnership between the two companies.

This project of partnership, including the project of a first plant and investment in CARBIOS, remains subject to the finalization and signature of the definitive agreements, in particular the shareholders’ agreement and the licence agreement. The parties’ objective is to have them signed by the end of 2025.

This agreement would mark the first licence for CARBIOS’ technology whereby confirming the viability of its business model.

As the world leading producer of PET, China is a key market for CARBIOS. This agreement represents a strategic step forward for both partners, who are determined to accelerate the development of a circular PET industry in Asia.

This agreement represents a key step in the international roll-out of our technology and an important milestone in the implementation of our licensing model. This cooperation with Wankai, China’s third-largest PET producer, will enable us to produce enzymatically recycled PET and thus make a concrete contribution to the transition to a more circular and low-carbon PET industry. –Vincent Kamel, CEO of CARBIOS.

^[1] _{Wankai New Materials is a company listed on the Shenzhen Stock Exchange (stock code:301216)}

^[2] _{As a result of this investment, Wankai could appoint a representative to CARBIOS’ Board of Directors. The terms and conditions of the capital investment, particularly the financial terms, are still to be finalized in the definitive agreements. This investment will, if necessary, be subject to administrative and regulatory approvals in France and China.}

About CARBIOS

CARBIOS is a biotechnology company that develops and industrializes biological solutions to reinvent the lifecycle of plastics and textiles. Inspired by nature, CARBIOS designs enzyme-based biological processes to break down plastics, with the mission of preventing plastic and textile pollution and accelerating the transition to a circular economy. Its two innovative technologies – dedicated to PET biorecycling and PLA biodegradation – are currently scaling up to industrial and commercial levels. Its industrial demonstration plant for biorecycling has been operational since 2021, and construction of the world’s first biorecycling plant is expected to resume before the end of 2025, subject to securing the necessary additional funding.

CARBIOS is supported by prestigious brands in the cosmetics, food, and apparel industries, aiming to improve the recyclability and circularity of their products. Nestlé Waters, PepsiCo, and Suntory Beverage & Food Europe are members of a packaging consortium founded by CARBIOS and L’Oréal. On, Patagonia, PUMA, PVH Corp., and Salomon collaborate with CARBIOS in a textile consortium. CARBIOS is part of the global community of B Corp™ certified companies that are transforming their business models to serve the common good. www.carbios.com

Source

CARBIOS, press release, 2025-11-06.

Supplier

CARBIOS
WankaiPET
Zhink Group

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