03 Jul 2024 --- Carbios, an innovator in bio-based circular technologies, and Zhink Group, specializing in PET and textiles, are building a bio recycling plant in China, harnessing Carbios’ enzymatic depolymerization technology to serve the global market. The companies signed a joint Letter of Intent aiming at a long-term partnership to build a plant with a minimum annual processing capacity of 50,000 tons of prepared PET waste and accelerating a circular economy for plastic and textiles. China is the leading producer of PET globally, with 67 million tons produced annually, representing 61% of global production. This makes it a key market for Carbios.
