Carbiotix (publ) announced that the company will start planning for an expansion of its CarbiAXOS production site in Bjuv, Sweden. Following the completion of the 10-ton production line and planned startup at the end of April, Carbiotix will begin the planning of a 50-ton production line in the second quarter. Pending a final decision by the Carbiotix Board, the installation of this production line is slated for the third and fourth quarter of 2022.

Carbiotix has also plans to add up to an additional 100 tons of production capacity at the current site during 2023 and 2024 depending on customer demand. Like the 10- ton production line, the 50-ton production line will be financed through a leasing agreement to limit capital expenditures in the short term. The current expansion plans are a direct response to the recent sales agreement with FibreHigh AB and the qualified interest from potential customers in the US for the CarbiAXOS nutraceutical ingredient.