Carbios Sa Act (COOSF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, thank you very much and welcome, everybody. I'm very pleased to present you our results for 2023. 2023 was indeed a very exciting year for Carbio's development. So we had several good news. The first major milestone we achieved in 2023 was the signing of an exclusive strategic agreement with Novozymes, NovoNezis Oil, today. Novozymes is the largest enzyme producer in the world, and we have confirmed that Novozymes will produce and distribute carboxyl enzymes for our first plant in France, but for all the future licensing plants we will open in the world. So that was a very significant milestone for this exclusive partnership with Novozymes. Let's move on, please. We also had confirmation from the French state through the France 2030 programme and from the region where we are building the plant, which is the Grand Est region in the north-east of France, that we will receive significant non-dilutive subsidies. A total of €54 million has been granted to Carbio. This amount of subsidies would come in the in the coming years most of it would come in the coming years uh through um uh the milestones we are of construction of the plant but we are very pleased to have this these subsidies which is definitely a strong support and which shows the commitments of the french government to support carriers we have here a video of Mr. Macron, the French president, who testified in support of Carbios in December 2023. I don't know if we can put the video. Carbios, you said it very well earlier, you recycle, you reduce emissions, you reduce dependence, and you allow us, in doing so, to get out of the oil field, It was a wonderful demonstration, I will not do it again here, but you are an illustration of what needs to be done. And so we must ask ourselves the same question for al...