Carbios Delays Longlaville Plant Project by Three Months
On December 18, 2025, the biotechnology company Carbios announced a three-month delay in the construction schedule of its PET biorecycling plant in Longlaville. According to the press release, a minority portion of the funding remains to be secured by the end of the first quarter of 2026.
Pre-Commercial Contracts and Financial Details
According to the company, the construction project now benefits from pre-commercial contracts accounting for nearly 50% of the production capacity of the future industrial site. These commitments involve the cosmetics, beverage, and textile filament sectors for tires. The company aims to secure commercial commitments covering 70% of the site's capacity in the short term. Financially, Carbios stated that public subsidies have been confirmed at 42.5 million euros. The financing relies on private debt and equity funding, supplemented by these public subsidies. A minority share of the funding, approximately 10%, still needs to be secured to initiate the project. The plant is expected to be financially independent from the parent company, with non-recourse financing on Carbios.
Timeline and Financial Projections
If the additional funding is secured by the end of the first quarter of 2026, the plant's commissioning should occur during the first half of 2028, the company indicates. This schedule includes the three-month delay announced compared to the initial projections. According to the press release, Carbios will have more than 55 million euros in projected cash reserves by the end of 2025, down from 72 million euros as of June 30, 2025. The company notes that this situation provides visibility on its financing horizon beyond the next twelve months. The company continues to pursue rigorous cost management while maintaining its strategic capabilities.
Strategic Partnership and License Expansion
Carbios signed a strategic partnership with Wankai New Materials on December 2, 2025, to deploy its PET biorecycling technology in Asia, the press release recalls. According to the company, this first license agreement is a commercial success that should be replicated. The company aims to commercialize new licenses in Europe and North and South America. The group specifies that its two innovative technologies dedicated to the biorecycling of PET and the biodegradation of PLA are in the phase of industrial and commercial scaling. Carbios is supported by several renowned brands, including Nestlé Waters, PepsiCo, and Suntory Beverage & Food Europe in a packaging consortium, as well as On, Patagonia, Puma, PVH Corp, and Salomon in a textile consortium.
