Having postponed the construction of its PET plastics and textiles biorecycling plant in Longlaville in the Grand-Est region of France last December due to financing delays, Carbios expects to resume work on the project before the end of this year.

Announcing its half-year 2025 results, the company reports that it will benefit significantly from a new French decree published on September 7^th 2025. This introduces financial incentives of €1,000 per ton for incorporating biorecycled plastics derived from hard-to-recycle waste into sensitive-contact packaging. This measure will allow Carbios clients to use high-quality recycled PET – equivalent to virgin PET and superior to mechanically recycled material – at a comparable net price.

Following a disciplined cost-saving plan, Carbios ended the first half of 2025 with a cash position of €72 million, ensuring more than twelve months of financing visibility. Its operating loss improved to €17.6 million from €20 million a year earlier, reflecting reduced R&D, sales and administrative expenses. Net loss for the period was €23.5 million, compared with €18.1 million in 2024.

Construction at Longlaville will resume before the end of 2025, subject to finalising additional funding and pre-sales are progressing well, backed by favourable regulation, and key raw material and polymerisation contracts that are already in place.

Project financing will combine €42.5 million in public support with further funding under discussion and part of the company’s existing cash reserves. Investor interest is strong, with commitments dependent on achieving sufficient pre-sales volumes.

Production is now targeted for the second half of 2027.

Alongside the Longlaville project, Carbios continues to advance licensing negotiations, supported by the maturity of its technology and engineering documentation.

“Our tight financial management and robust cash position give us the confidence to deliver on our strategy,” said Carbios CEO Vincent Kamel. “Regulatory tailwinds and constructive discussions with partners are strengthening our foundations as we enter the next phase with determination and a clear focus on execution.”

www.carbios.com