On Tuesday, Carbios announced its ambition to become a "leader" in the recycled PET market, with a share of 8% to 12% by 2035, notably through the implementation of a licensing model.

The biotech specialist says it intends to monetize its know-how and intellectual property by generating revenue in the form of upfront payments from licensees.

The group also plans to receive royalties from the sale of proprietary enzymes by its Danish partner Novozymes to 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.

Following these announcements, Carbios shares rose by over 7% on Tuesday morning on the Paris Bourse.

As a reminder, the company recently consolidated key partnerships, notably with Indorama Ventures, and announced financing and investment of over 150 million euros to build the world's first PET biorecycling plant, a project that has been re-estimated at 230 million euros.

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