(News Bulletin 247) – Carbios announced on Tuesday its ambition to become a “leader” in the recycled PET market by claiming a share of 8% to 12% by 2035, in particular through the establishment of a licensing model.
The specialist in biological technologies says it wants to monetize its know-how and intellectual property by generating income in the form of upfront payments paid by licensees.
The group also plans to collect royalties from the sale by its Danish partner Novozymes of proprietary enzymes from manufacturers using its technology.
By 2030, Carbios estimates that it will be able to capture between 4% and 8% of the global recycled PET market.
The title rose by more than 7% Tuesday morning on the Paris Stock Exchange following these announcements.
For the record, the company recently consolidated key partnerships, notably with Indorama Ventures, and announced financing and investment of more than 150 million euros intended for the construction of the world’s first PET biorecycling plant, a project that will was re-estimated at 230 million euros.
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