CARBIOS and Zhink Group enter official discussions for long-term partnership to construct PET biorecycling industrial capacities in China in view of first licensing settlement for 50k tons per 12 months

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• This partnership would permit Zhink Group to fulfill its management ambitions by means of elevated recycled PET capacities and sustainable competitiveness by providing recycled PET from enzymatic recycling
• This settlement confirms robust traction for CARBIOS biorecycling expertise in China, the world’s main PET producer
• Primarily based in China, the long run plant will depolymerize minimal 50k tons of PET waste per 12 months, with potential to increase capacities, to serve regional and world packaging and textile markets

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Clermont-Ferrand (France) and Hangzhou (China), Thursday 27 June (6.45am CEST).
CARBIOS, (Euronext Progress Paris : ALCRB), a pioneer within the improvement and industrialization of organic applied sciences to reinvent the life cycle of plastic and textiles, and Zhink Group, one in every of China’s High 500 Personal Enterprises, specializing in two world industries, PET and textiles, announce at present the signing of a joint Letter of Intent to construct a biorecycling plant in China utilizing CARBIOS’ revolutionary enzymatic depolymerization expertise to serve the worldwide market. This settlement officializes collaboration in direction of a long-term partnership in view of a primary licensing contract to construct a plant with a minimal annual processing capability of 50k tons of ready PET waste and would contribute to accelerating a round economic system for plastic and textiles. China, because the main producer of PET on this planet, is a key marketplace for CARBIOS, and this settlement would set up a presence on this dominant market.

China: the world’s largest PET producer

With 67 million tons of PET produced yearly, representing 61% of worldwide manufacturing¹, China is the world’s largest PET producer. With regional and world demand for recycled PET rising, China additionally has the potential to take the lead in recycled PET (r-PET) manufacturing. In 2021, 58% of the world’s r-PET was consumed in Asia (with 38% in China²) underscoring this area’s significance each as a serious producer and shopper.

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Moreover, China is a key transformer of PET into resins and fibers utilized in quite a few purposes within the packaging and textile industries. Most notably, China is the first nation for reworking PET into fiber, representing 78% of all PET fiber transformation on this planet³.

Sustainability and the “twin carbon” insurance policies are thought of as major drivers for the Chinese language PET recycling trade. Click on right here to check with the Authorities Pointers to ascertain a waste recycling system.⁴

Strategic partnership for Zhink and CARBIOS

For Zhink, the strategic focus is on the event of two world industries, PET and textiles, and to be a frontrunner with sustainable competitiveness. Zhink is a serious actor inside the PET market with an annual manufacturing of three million tons of PET, serving home and world markets. CARBIOS has developed a revolutionary enzymatic depolymerization expertise that permits environment friendly and solvent-free recycling of PET plastic and textile waste into virgin-like merchandise. The preliminary settlement between the 2 teams would permit Zhink to extend its recycled PET capacities and meet its sustainable competitiveness aims by providing r-PET from enzymatic recycling: a round recycling answer that may course of all kinds of PET waste together with hard-to-recycle waste (similar to opaque and coloured bottles, multilayer meals trays and textile waste) whereas lowering CO₂ emissions by 57%⁵ in contrast with virgin PET manufacturing. For CARBIOS, this settlement marks a major step within the deployment of its expertise worldwide and roll-out of its licensing mannequin to attain its ambition to grow to be a number one expertise supplier within the recycling of PET by 2035. This Asia-based plant beneath license by Zhink would come along with the world’s first industrial-scale enzymatic PET recycling plant which is at the moment beneath building in Longlaville, France.

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A milestone for CARBIOS’ China market entry

The opening of official discussions with Zhink for a licensing settlement marks an essential milestone in CARBIOS’ market entry into China. Since its inception, CARBIOS has proactively protected its improvements in all key areas of curiosity. With China thought of as a serious market, all of CARBIOS’ households of patents⁶ personal a number of titles on this nation. For its PET biorecycling expertise, CARBIOS at the moment has 28 titles in power in China protecting each the commercial course of and the enzymes used (together with variants that can be used within the industrial course of).

Emmanuel Ladent, CEO, CARBIOS:
“There may be nice momentum in China to speed up the round economic system and meet its goal of carbon neutrality by 2060.  The expertise developed by CARBIOS makes excellent sense on this context: able to recycling all kinds of PET waste, it promotes a round economic system with high-quality merchandise and considerably reduces the carbon footprint of industries. As a frontrunner in PET manufacturing, Zhink is taken into account as a key associate for introducing our expertise into China and can stimulate our worldwide deployment.”

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Zhu Guoyang, President, Zhink Group:
“For Zhink, the strategic focus is on the event of two world industries, PET and textiles, and to be a frontrunner within the trade with sustainable competitiveness. We’re actively selling our subsidiaries to develop our PET recycling portfolio and are very serious about CARBIOS’ revolutionary biorecycling expertise to cut back carbon emissions.”

Tina Sejersgård Fanø, Govt Vice President, Planetary Well being Biosolutions, Novonesis): “With a 20-year presence in China and a stable R&D and manufacturing footprint within the area, Novonesis is eager to share its native know-how for the profitable implementation of CARBIOS. Novonesis has a robust long-term partnership with CARBIOS, and an unique one for the manufacturing of its patented enzymes for PET biorecycling vegetation beneath license. We’re prepared to fulfill CARBIOS’ wants for future licensing tasks within the area and past.”

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About CARBIOS:

CARBIOS is a biotech firm creating and industrializing organic options to reinvent the life cycle of plastic and textiles.  Impressed by nature, CARBIOS develops enzyme-based processes to interrupt down plastic with a mission to keep away from plastic and textile air pollution, and speed up the transition to a round economic system. Its two disruptive applied sciences for the biorecycling of PET and the biodegradation of PLA are reaching industrial and business scale.  Its biorecycling demonstration plant has been operational since 2021 and a primary industrial plant, in partnership with Indorama Ventures, is at the moment beneath building.  CARBIOS, based in 2011 by Truffle Capital, has obtained scientific recognition, notably with the duvet of Nature, and is supported by prestigious manufacturers within the cosmetics, Meals & Beverage and attire industries to reinforce their merchandise’ recyclability and circularity. Nestlé Waters, PepsiCo and Suntory Beverage & Meals Europe are members of a packaging consortium based by CARBIOS and L’Oréal. On, Patagonia, PUMA, PVH Corp. and Salomon collaborate with CARBIOS in a textile consortium.

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Go to www.carbios.com/en to search out out extra about biotechnology powering plastic and textile circularity.

For contemporary information and media belongings, go to our newsroom: www.carbios.com/newsroom/en/

LinkedIn: CARBIOS / Instagram: insidecarbios

Data on CARBIOS shares:

CARBIOS is eligible for the PEA-PME, a authorities program permitting French residents investing in SMEs to profit from earnings tax rebates.

About Zhejiang ZHINK Group.

Based in 1997, Zhejiang ZHINK Group is a contemporary group specializing in the event of PET and textiles. The group locates it headquarter within the Noble Middle of Qianjiang Century Metropolis, Hangzhou, Zhejiang Province and its subordinate industrial bases lie in Xiaoshan, Haining (Zhejiang Province), Fuling (Chongqing Metropolis), Zaozhuang (Shandong Province), Xuzhou (Jiangsu Province), Jinhua (Zhejiang Province) and Dazhou(Sichuan Province). The Group now owns one listed firm, two nationwide high-tech enterprises, one academician workstation, one post-doctoral workstation, one nationwide textile product improvement base and three provincial-level expertise facilities, and the companies cowl tons of of nations and areas around the globe.

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Disclaimer on forward-looking statements and danger components:

This press launch accommodates forward-looking statements, not historic knowledge, and shouldn’t be construed as a assure that the details and knowledge acknowledged will happen. These forward-looking statements are based mostly on knowledge, assumptions and estimates thought of affordable by CARBIOS. CARBIOS operates in a aggressive and quickly evolving surroundings. It’s subsequently not able to anticipate all dangers, uncertainties or different components that will have an effect on its enterprise, their potential impression on its enterprise or the extent to which the materialization of a danger or mixture of dangers might result in outcomes that differ considerably from these talked about in any forward-looking assertion. CARBIOS attracts your consideration to the truth that forward-looking statements are on no account a assure of its future efficiency and that its precise monetary place, outcomes and money flows and the event of the sector during which CARBIOS operates could differ considerably from these proposed or instructed by the forward-looking statements contained on this doc. As well as, even when CARBIOS’ monetary place, outcomes, money flows and developments within the trade during which it operates are in step with the forward-looking info contained on this doc, such outcomes or developments might not be a dependable indication of CARBIOS’ future outcomes or developments. Readers are suggested to rigorously contemplate the danger components described within the Common registration doc filed with the French Market Authority (“AMF”), in addition to within the half-year monetary report obtainable freed from cost on the Firm’s web site. Ought to all or any a part of these danger components materialize or others, in no case by any means will CARBIOS be liable to anybody for any resolution made or motion taken along side the data and/or statements on this press launch or for any associated damages. This info is given solely as of the date of this press launch. CARBIOS makes no dedication to publish updates to this info or on the assumptions on which it’s based mostly, besides in accordance with any authorized or regulatory obligation relevant to it.

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This press launch and the data contained herein don’t represent a proposal to promote or a solicitation of a proposal to purchase or subscribe to shares in CARBIOS in any nation.

The interpretation is offered for info functions solely.

Within the occasion of any discrepancy between the French and English variations of this press launch, the English model shall prevail.

1 HIS Markit 2021, Market Analysis Future 2021
2 HIS Markit 2021, Market Analysis Future 2021
3 HIS Markit 2021, Market Analysis Future 2021
4 https://english.www.gov.cn/insurance policies/latestreleases/202402/09/content_WS65c5ea15c6d0868f4e8e3e8a.html
5 Database ecoinvent 3.8; French state of affairs, considering the detour of fifty% of PET waste from typical end-of-life. Virgin PET: 2.53 kg CO₂/kg (cradle to gate)
6 1 innovation = 1 household of patents

Attachments

• Emmanuel Ladent, CEO, CARBIOS (fifth from proper) and Zhu GuoYang, President of Zhink Group (fourth from proper)
• CP_CARBIOS_ZHINK_LOI_EN_FINAL

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