Carbios has launched its pilot production of biodegradable plastics in Auvergne, France. It can now reproduce all steps of production for its target applications, ie films and plastic bags, and demonstrate performance of its process at pre-industrial scale. This is an important step forward, as it demonstrates consistent progress on the trajectory towards commercial production and licensing. Our fair value range remains at €23-37 per share.
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Pilot production facility launch
Carbios has launched its pilot production of biodegradable plastics in Auvergne, France. It can now reproduce all steps of production for its target applications, ie films and plastic bags, and demonstrate performance of its process at pre-industrial scale. This is an important step forward, as it demonstrates consistent progress on the trajectory towards commercial production and licensing. Our fair value range remains at €23-37 per share.