Carbios announces plan to build a 100% PET recycling production unit exploiting its technology (the “Unit”). This Unit is expected to enable an annual production of 40.000 tonnes of recycled PET. It will also strengthen the Company’s business model which will remain the licensing of its technologies and know-how and the sale of enzymes to its licensees, who will build their own PET recycling production units. The objective of this Agreement is to bring together Carbios’ unique biorecycling technology and Equipolymers world class PET manufacturing and R&D know-how in the field of chemical recycling. It will allow Carbios’ technology to rapidly transform the plastic market and fully capitalize on Carbios’ unique leadership in this industry. The Agreement foresees notably: An assistance in securing the sourcing of PET wastes for the Unit; A mutual access to data coming from Carbios’s demonstration plant and the biorecycling technology and from Equipolymers facilities. The estimated cost of the Unit amounts to around EUR 100 million. Carbios has already started to explore various financing options.