- Cash reserves at €109 million as of December 31, 2024.
- Longlaville PET biorecycling plant construction delayed by 6-9 months, pending additional financing.
- €42.5 million in public grants approved by the EU in February 2025.
- Potential €86 million debt guarantee from French Government under discussion.
Financial Overview
As of December 31, 2024, CARBIOS reported cash reserves of €109 million. The financial statements for the year were approved by the Board of Directors on April 10, 2025, with the audit nearing completion.
Longlaville Plant Update
The construction of the PET biorecycling plant in Longlaville has been postponed by 6 to 9 months. The company plans to resume construction once additional financing is secured, with ongoing renegotiations with suppliers to stay within budget.
Financing Plans
CARBIOS intends to use part of its available cash, along with €42.5 million in public grants approved by the EU in February 2025, to finance the plant project. Additional non-dilutive financing is under advanced discussion with public and private partners, including a potential €86 million debt guarantee from the French Government's Bpifrance Assurance Export.
Strategic Developments
Significant progress has been made towards signing several binding commercial contracts in the first half of 2025. A reorganization and cost-cutting plan is set for 2025, aiming to reduce cash burn by 40% while maintaining strategic capabilities.
