CARBIOS and Wankai New Materials have formed a joint venture to establish the first PET biorecycling plant in China, aimed at processing 50,000 tons of PET waste annually and enhancing sustainability in the region.

Target Information

CARBIOS, a company based in France, has partnered with China’s Wankai New Materials, a subsidiary of Zhink Group, to establish a joint venture for the industrial implementation of CARBIOS’ advanced biorecycling technology aimed at polyethylene terephthalate (PET) plastics in Asia. This collaboration marks a significant step towards sustainable waste management solutions, focusing specifically on PET waste recycling.

The newly formed joint venture will commence operations with a biorecycling facility in Haining, Zhejiang province, China. This plant will have the capacity to process 50,000 tons of PET waste annually, contributing to the reduction of plastic pollution and fostering a circular economy.

Industry Overview in China

China, as one of the largest producers and consumers of plastic, faces significant challenges related to plastic waste management. The government has increasingly recognized the need for responsible