Carbio to build biorecycling plant in China

In China, Carbios and and Zhink Group, one of China’s Top 500 Private Enterprises, specializing in two global industries, PET and textiles, recently signed a joint Letter of Intent to build a biorecycling plant in China using CARBIOS’ revolutionary enzymatic depolymerization technology to serve the global market. This agreement officializes collaboration towards a long-term partnership in view of a first licensing contract to build a plant with a minimum annual processing capacity of 50k tons of prepared PET waste and would contribute to accelerating a circular economy for plastic and textiles. China, as the leading producer of PET in the world, is a key market for CARBIOS, and this agreement would establish a presence in this dominant market.