Carbios announces 2022 annual results

Carbios announces 2022 annual results

Group’s cash position of €101 million as of December 31, 2022

  • By ICN Bureau | April 10, 2023

Carbios, a pioneer in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, announces its operating and financial results for the year 2022.  As of December 31, 2022, the Group’s income stood at €70 thousand, compared to €126 thousand for the year ended December 31, 2021.

"In 2022, Carbios continued to build on its momentum to grow and structure its partnerships. Most notably, Carbios signed an exclusive, long-term strategic agreement with Novozymes that guarantees the production and supply of Carbios' PET degradation enzymes on an industrial scale for our Reference Unit and future licensees of our technology. We also founded a fiber-to-fiber Consortium with On, Patagonia, PUMA, Salomon and PVH Corp. to collaborate on developing a more circular textile industry. We can also be proud of the outstanding results achieved in our demonstration unit, which proved the performance and robustness of our technology. At the same time, the design engineering studies for our Reference Unit have progressed in line with the objectives of being operational in 2025," commented Emmanuel LADENT, Chief Executive Officer of Carbios.

"Looking ahead, we remain focused on executing our roadmap and are fully committed to working with our partners to begin construction this year of this Reference Unit, the world's first PET biorecycling plant. We are confident that we will grant the first licenses for this disruptive innovation combining economic performance and environmental efficiency by 2024. I would like to thank all Carbios' employees and all our stakeholders for their shared commsaitment to reducing plastic pollution and making Carbios a key player in the circular economy."

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