Carbios: A €230 Million Plant in France, an Unprecedented Financial Setup is Emerging
Carbios has confirmed its goal to construct the Longlaville plant in France, stating that progress has been made in structuring the necessary financing for the project. The biotechnology group clarifies that discussions with financial partners are ongoing in a constructive manner, though not finalized at this stage.
Project Financing and Structural Details
Carbios reaffirms its intention to build the Longlaville plant and indicates that it has continued its efforts on structuring the necessary financing to resume the project. The discussions to achieve this structure are ongoing in a constructive manner but have not yet concluded. In addition to confirmed public subsidies amounting to €42.5 million, the financing for Carbios 54, a company created to operate the project, would come from additional sources. If realized, this scheme would make Carbios a non-controlling minority partner in Carbios 54. The debt and financial results of the entity operating the plant would then not be consolidated by Carbios. This financing would cover the estimated construction cost of €230 million as well as all costs associated with the project's startup. The parties aim to finalize the different aspects of this financing in the coming weeks with a view to closing before the third quarter of 2026. The Board of Directors has approved the continuation of discussions with a view to starting production by the first half of 2028, subject to the project's finalization.
Leadership and Strategic Partnerships
To support the development of its projects, particularly that of Longlaville and the partnership with Wankai, Carbios' Board of Directors has appointed Benoît Grenot as Deputy CEO. Grenot, an engineer graduated from the École des Mines de Paris, has led Baikowski for over ten years and has held operational management positions internationally, notably in China, within the Saint-Gobain group. Carbios expresses confidence in its ability to conclude new pre-commercialization contracts for products from the Longlaville plant to reach 70% of the production capacity of the future industrial site in the coming months. This confidence is based on the favorable evolution of French and European regulations concerning chemical recycling.
