en.Wedoany.com Reported - French biotechnology company Carbios and Wankai New Materials (Wankai) have provided an update on their collaboration to advance PET biorecycling projects in Asia. The project aims to build China's first PET biorecycling plant, with preparatory steps for construction now completed and local waste streams verified for availability.

Due to the innovative nature of Carbios' process, additional technical work is required to adapt to the specific characteristics of the site, delaying the plant's commissioning. It is now expected to begin operations in the first half of 2028 in Haining City, Zhejiang Province. With an annual processing capacity of 50,000 tons of PET waste, the plant is considered a key milestone for the industrialization and deployment of Carbios' enzymatic biorecycling technology in Asia.

Carbios and Wankai have mutually agreed to postpone Wankai's plan to subscribe to a dedicated capital increase of €5 million in Carbios SA's share capital. Originally scheduled for the first half of 2026, the transaction is now expected to be completed by December 31, 2026.

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