On Thursday, Carbios confirmed its industrial and commercial targets on the occasion of the presentation of its half-year results, marked by an increase in its losses, announcements which slightly boosted its share price.

The greentech company reports that construction work is on schedule, with the PET biorecycling plant due to start up by the end of 2023, with commissioning expected in 2025.

The company's net loss for the first six months of the year increased to 13.7 million euros, compared with -11.8 million a year earlier, due to higher operating expenses.

As a result of its industrialization ambitions, research and development costs climbed to 9.4 million euros over the half-year, while general and administrative costs rose to 5.3 million euros, compared with 4.6 million euros a year earlier, due to the Group's recruitment drive.

At June 30, the company's cash position stood at 78 million euros, a figure which does not include the net proceeds of its capital increase of 141 million euros, received in the second half of the year.

Following these announcements, Carbios shares listed on the Paris Bourse rose by 0.5% on Thursday morning, although the share has lost some 32% since the start of the year.

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