Carbios Sa Act (COOSF) Q4 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.029 -- 00:00:02.291 Well, thank you very much and welcome, everybody. 00:00:02.291 -- 00:00:08.184 I'm very pleased to present you our results for 2023. 00:00:08.605 -- 00:00:14.140 2023 was indeed a very exciting year for Carbio's development. 00:00:14.140 -- 00:00:19.163 So we had several good news. The first major milestone 00:00:19.163 -- 00:00:24.667 we achieved in 2023 was the signing of an exclusive strategic 00:00:24.667 -- 00:00:26.869 agreement with Novozymes, 00:00:26.869 -- 00:00:29.930 NovoNezis Oil, today. 00:00:30.263 -- 00:00:35.567 Novozymes is the largest enzyme producer in the world, and we have 00:00:35.567 -- 00:00:39.569 confirmed that Novozymes will produce 00:00:40.312 -- 00:00:46.297 and distribute carboxyl enzymes for our first plant in France, but for all the future 00:00:46.297 -- 00:00:48.959 licensing plants we will open in the world. 00:00:48.959 -- 00:00:52.302 So that was a very significant milestone 00:00:52.302 -- 00:00:56.264 for this exclusive partnership with Novozymes. 00:00:56.264 -- 00:01:01.685 Let's move on, please. We also had confirmation from the French 00:01:01.685 -- 00:01:04.926 state through the France 2030 00:01:04.926 -- 00:01:09.967 programme and from the region where we are building the plant, which is 00:01:09.967 -- 00:01:15.128 the Grand Est region in the north-east of France, that we will receive 00:01:15.128 -- 00:01:20.269 significant non-dilutive subsidies. A total of €54 00:01:20.269 -- 00:01:26.122 million has been granted to Carbio. This amount of subsidies 00:01:26.122 -- 00:01:31.166 would come in the in the coming years most of it would come in the coming years 00:01:31.166 -- 00:01:36.529 uh through um uh the milestones we are of construction of the plant 00:01:36.529 -- 00:01:42.313 ...