# Indorama Ventures and Carbios to build PET biorecycling plant in France

Indorama Ventures and Carbios signed a non-binding MOU to form a joint venture to build the world's first PET biorecycling plant in Longlaville, France, with a total capital investment of about €230 million. Indorama Ventures plans to contribute about €110 million. Construction is expected to start by end of 2023, with commissioning targeted in 2025.

- Type: New facility
- Announced: 2023-05-31
- Where: Longlaville, France, France
- Value: $250.0M (230.0M EUR)
- Starts operating: 2025
- Status: announced
- Products: PET biorecycling
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (partner)
- [Carbios](https://endata.com/companies/8141.md) (partner)

## Sources

- [beta.indoramaventures.com](https://beta.indoramaventures.com/news/press-releases/indorama-ventures-and-carbios-reaffirm-partnership-to-build-first-of-a-kind-pet-biorecycling-plant-in-france), 2023-05-31: "Indorama Ventures plans to mobilize about €110 million for the Joint Venture in equity and non-convertible loan financing."
- [indoramaventures.com](https://www.indoramaventures.com/en/investor-relations/newsroom/press-releases/2056/indorama-ventures-and-carbios-reaffirm-partnership-to-build-first-of-a-kind-pet-biorecycling-plant-in-france), 2023-06-01: "Indorama Ventures plans to mobilize about €110 million for the Joint Venture in equity and non-convertible loan financing."

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