CARBIOS (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, announces the signature of its first multi-year offtake contracts with L'ORÉAL and L'Occitane en Provence for biorecycled r-PET from its future commercial plant in Longlaville.
These commercial contracts confirm the demand from global leading brands for recycled and recyclable PET from enzymatic recycling, which enables them to meet both their circularity and quality objectives for their packaging.
With the signing of these contracts, CARBIOS has moved forward in the execution of its strategy, thereby achieving its objective to sign its first contracts in the first half of 2025 as announced.
''The signing of these two initial commercial contracts with L'ORÉAL and L'Occitane en Provence, two demanding leaders, marks a key milestone for CARBIOS, validating the brands' demand and confirming the existence of an established market for r-PET derived from enzymatic recycling. Today, we have strong momentum to achieve our sales and supply targets, which makes us confident in signing further contracts for our future Longlaville site soon. Our commitment to the success of our future plant is stronger than ever.'' - Vincent Kamel, CEO, CARBIOS.
