News by Carbios 2

Following the Letter of intent signed on June 24, 2024, CARBIOS and Wankai New Materials Wankai, a listed subsidiary of Zhink Group, PET producer in China, 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 bio recycling plants in Asia with a target capacity of one million tons per year. CARBIOS would grant, to the joint ventures formed under this agreement, an exclusive license of CARBIOS technology for the Asian region.