Green Tech Breakthrough: CARBIOS Reveals Financial Triumph in 2024 Annual Report
CARBIOS Advances Strategic Roadmap with Financial Resilience and Key Milestones
In a promising update for 2025, CARBIOS has highlighted significant strategic developments, demonstrating robust financial management and continued progress in its innovative PET biorecycling technology.
Financial Snapshot
- Solid cash position of €109 million as of December 31, 2024
- Comprehensive cost-cutting plan reducing cash burn by 40%
Strategic Initiatives
The company is making substantial strides towards its goals, with key focus areas including:
- Resuming construction of the PET biorecycling plant in Longlaville
- Securing additional financing to support project completion
- Actively pursuing binding commercial contracts in the first half of 2025
Despite challenges, CARBIOS remains committed to maintaining its strategic capabilities while implementing a disciplined approach to resource management.