Carbios and Wankai Launch Joint Venture for PET Biorecycling Plant in China
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Carbios SA and Wankai New Materials have formed a joint venture to build a PET biorecycling plant in Haining, China, with a capacity of 50,000 tons. Wankai holds a 70% stake, Carbios 30%. The plant's construction cost is €115 million, financed by equity and debt, with debt guaranteed by Wankai. Carbios will license its technology to Wankai for three years. Construction starts in Q1 2026, commissioning in Q1 2027.
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