Carbios and Wankai Launch Joint Venture for PET Biorecycling Plant in China
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.
Carbios SA has entered into a strategic partnership with Wankai New Materials, a subsidiary of Zhink Group, for the large-scale deployment of Carbios’s PET biorecycling technology in Asia. The partnership includes the establishment of a joint venture to construct and operate a PET biorecycling plant in Haining, Zhejiang province, China, with a processing capacity of 50,000 tons of PET waste. Wankai will hold a 70% stake in the joint venture, while Carbios will hold 30%. The plant’s estimated construction cost is €115 million, with financing split between equity and debt, and all debt guaranteed by Wankai. Carbios has also agreed to exclusively license its PET depolymerization technology in Asia to Wankai for three years, with potential extensions based on additional licensing agreements. Construction is expected to begin in the first quarter of 2026, with commissioning targeted for the first quarter of 2027. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carbios SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001142286-en) on December 02, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
