Brief: Bioextrax And Chematur Sign MoU With Third Party Regarding PHBV Production

Bioextrax AB publ

17/12/2025 07:52

Dec 17 (Reuters) - Bioextrax AB (publ.) BIOEX.ST:

SAID ON TUESDAY BIOEXTRAX AND CHEMATUR SIGN MOU WITH THIRD PARTY REGARDING PHBV PRODUCTION

THE CUSTOMER IS A JOINT VENTURE BETWEEN TWO CORPORATE GROUPS, WHICH TOGETHER HAVE A TURNOVER OF MORE THAN EUR 2.5 BILLION

THE MOU CONCERNS A LICENSE AGREEMENT FOR PRODUCTION UP TO 10,000 TONS OF PHBV/YEAR

THE MOU IS A NON-BINDING LETTER OF INTENT AND IS EXPECTED TO BE REPLACED BY A BINDING AGREEMENT BY FEBRUARY 2026

THE TOTAL REVENUE POTENTIAL FOR BIOEXTRAX UPON FULL IMPLEMENTATION OF THE PROJECT AMOUNTS TO APPROXIMATELY EUR 3.4 MILLION

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 Further company coverage: BIOEX.ST

 (Gdansk Newsroom)

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