CARBIOS (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies aimed at reinventing the lifecycle of plastics and textiles, today announces its 2025 half-year results and confirms its objective to build a PET biorecycling plant in Longlaville, with a revised timeline.
Key highlights
1. Financial results
Thanks to a refocused and rigorously executed cost-saving plan during the first half of 2025, the Company reports a solid cash position of €72 million as of June 30, 2025, providing a cash horizon of more than 12 months. The Group continues its efforts to reduce operational expenses.
2. Regulatory environment developments in France
On September 7, 2025, France published a new decree under the “Environmental Code” (Article L. 541-10-3) related to financial incentives (bonus) provided for the incorporation of recycled material on products and for discourage the use of materials that hinder recycling (the “Decree”). This decree represents a powerful new lever to accelerate customer adoption of CARBIOS’ technology as it enables them to benefit from a €1,000/ton bonus for including biorecycled plastics derived from hard-to-recycle waste into sensitive-contact packaging (e.g. food packaging). CARBIOS will thus be able to supply its packaging clients, selling on the French market, with recycled PET (r-PET) with a quality equivalent to virgin PET (free of contaminants, transparent, and with excellent material properties), offering significantly superior characteristics compared to mechanically recycled products, at a comparable net price, while processing complex waste that is currently not recycled.
3. Update on the Longlaville PET biorecycling plant
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The resumption of construction is expected before end of 2025, subject to securing the necessary additional funding.
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Pre-sales of products from the future Longlaville plant are progressing, supported by a favorable regulatory environment.
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In addition, the Company has secured a significant portion of its raw material supply and signed polymerization contracts, strengthening the industrial foundations of the project.
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Plant financing update
CARBIOS plans to finance the Longlaville plant through:
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€42.5 million in public funding, including a €30 million grant for which an agreement already has been signed with ADEME, that will allow disbursements to begin once the project resumes, and €12.5 million in regional aid, for which the European Commission has approved the chemical recycling aid scheme. The publication in the Official Journal of the European Union is expected shortly, which will remove the final barrier to receiving this aid. It is specified that these amounts have not yet been received and are therefore not included in the available cash.
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Additional funding, notably non-dilutive, is currently under discussion. Based on a detailed study of the project, many private investors, , have expressed strong interest and given agreement on principle for the required investment amounts, mainly subject to the pre-sale of a significant portion of the plant’s capacity, a level not yet reached by CARBIOS. The Company has selected two lead banks to drive this process.
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A portion of its available cash (€72 million as of June 30, 2025).
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With the support of the new Decree announced in September, the Company is therefore working to further advance the pre-sale of products from the plant in order to reach a sufficient level that would secure the necessary funding for the project to resume before the end of 2025, with production expected to start in the second half of 2027.
