Carbios has announced its first joint venture, Carbiolice, in partnership with Limagrain and SPI. This is a key step and will combine Carbios technology with Limagrain’s industrial and commercial expertise in a €29.5m project to be developed over four years. Demand is supported by French legislation, which will enforce the use of bio-sourced and biodegradable plastics for certain bags from 2017. Our valuation range is unchanged, €23-37/share.
10 Jun 2016
Closer to industrialisation with first JV - Carbiolice
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Closer to industrialisation with first JV - Carbiolice
Carbios SA (ALCRB:PAR) | 0 0 0.3% | Mkt Cap: 36.5m
- Published:
10 Jun 2016 -
Author:
Catharina Hillenbrand-Saponar -
Pages:
2
Carbios has announced its first joint venture, Carbiolice, in partnership with Limagrain and SPI. This is a key step and will combine Carbios technology with Limagrain’s industrial and commercial expertise in a €29.5m project to be developed over four years. Demand is supported by French legislation, which will enforce the use of bio-sourced and biodegradable plastics for certain bags from 2017. Our valuation range is unchanged, €23-37/share.