CARBIOS postpones construction of Longlaville PET biorecycling plant

CARBIOS has delayed its PET biorecycling plant construction in Longlaville by 6-9 months due to pending non-dilutive funding, targeting market readiness by 2027.
With ~$96.51 million cash reserves, CARBIOS aims to secure financing and control expenses, ensuring liquidity.
Interim CEO Philippe Pouletty announced strategic adjustments amid ongoing commercial discussions.Read More