on CARBIOS (EPA:ALCRB)
CARBIOS postpones construction of its biorecycling plant
CARBIOS, a specialist in PET biorecycling, announces a 6 to 9 month postponement of the construction of its plant in Longlaville. This delay is due to the expectation of non-dilutive financing. The company maintains a cash position of €112 million as of November 30, 2024, including term deposits of €19.6 million.
Expected financing includes a Strategic Project Guarantee of €86 million. In parallel, CARBIOS has secured non-dilutive financing of €30 million via France 2030 and a commitment from the Grand Est region for €12.5 million.
The company says it is confident of signing several commercial contracts by the first half of 2025. Philippe Pouletty, Chairman of the Board of Directors, is taking over as interim CEO.
R. E.
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