# CARBIOS and Wankai New Materials sign JV for PET biorecycling plant in China

CARBIOS and Wankai New Materials signed a definitive shareholders' agreement for a joint venture to build and operate a PET biorecycling plant in Haining, China, with a capacity of 50,000 tons of PET waste. Construction is expected to begin Q1 2026, with commissioning targeted by Q1 2027. The plant investment is estimated at €115 million.

- Type: Partnership
- Announced: 2025-12-02
- Where: Haining, Zhejiang province, China
- Value: $125.0M (115.0M EUR)
- Status: announced
- Capacity: 50,000 tons of PET waste per year
- Products: PET biorecycling, recycled PET
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Carbios](https://endata.com/companies/8141.md) (partner)
- [Wankai New Materials](https://endata.com/companies/74260.md) (partner)

## Sources

- [live.euronext.com](https://live.euronext.com/en/products/equities/company-news/2025-12-02-carbios-and-wankai-new-materials-sign-definitive), 2025-12-02: "The two companies have signed on 2 December 2025 the shareholders’ agreement for their joint venture, dedicated to the construction and operation of a first PET biorecycling plant in China, with a processing capacity of 50,000 tons of PET waste."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.