According to the "Development Report of China‘s Recycled Plastics Industry (2022)" released on April 13th this year, the report points out that the total amount of waste plastic recycling in China in 2022 is 18 million tons. Compared to the 19 million tons in 2021, it decreased by 1 million tons, a year-on-year decrease of 5.3%. Although the overall recycling volume has decreased, the recycling value in 2022 remains the same as in 2021 (105 billion yuan).
Does this indicate that the growth of waste plastic recycling in China is weak in the future?
Otherwise, according to the "Guiding Opinions on Accelerating the Construction of Waste Material Recycling System" and "14th Five Year Plan for Circular Economy Development" issued by the National Development and Reform Commission, Ministry of Commerce and other departments this year, it is proposed to achieve the goals of 450 million tons and 5 trillion yuan of recycled resources and output value in China by the end of 2025.
According to incomplete statistics, China can recover nearly 100 million tons of renewable resources annually, with a value of over 200 billion yuan, including 6 million tons of waste plastic. In addition, various factors such as limited capacity expansion and recruitment in high carbon emission industries, impeded resource imports, and the continuous and large-scale increase in the elimination and disposal of steel, building materials, automobiles, electronic and electrical products caused by urban construction have made circular reduction an inevitable trend in urban environmental management. In the future, it is necessary to promote "carbon reduction, pollution reduction, green expansion, and growth" through the collaborative efforts of the renewable resources industry.
These data can indicate that China‘s recycling industry still has broad market prospects.
Correspondingly, foreign recycling enterprises have also intensified their layout of recycled plastics, aiming to enhance their production and manufacturing capabilities, such as:
In March this year, LG Chem decided to invest 310 billion won to build a waste plastic pyrolysis oil production facility. It plans to produce more than 20000 tons of waste plastic pyrolysis oil every year and put it into the existing Petrochemistry projects for the production of Petrochemistry products such as synthetic resins.
Lotte is also planning to invest 100 billion Korean won in the second factory in Ulsan, establishing a 110000 ton chemical reuse PET production line by 2024, and increasing it to 340000 tons by 2030.
Earlier, SK Chemical launched a PET cycle for materials such as beverage bottles in 2019 and regenerated it into the highly transparent material ECOTRIA for cosmetic containers. In 2021, the polyester "ECOTRIA CR" was successfully mass-produced.
Faced with the huge demand in the recycling market, Topcentral® As a recycling enterprise, we have been actively committed to the sustainable development of the recycling plastic industry. How to achieve a larger area of waste plastic recycling is also a challenge Topcentral® Continuously exploring the direction, facing the worsening of marine pollution, Topcentral® Specialized in scientific research and research on the recycling of marine waste plastics, at Topcentral® Thanks to our efforts, at present, Topcentral® Oceancycle®- The innovative ecosystem of marine environmental protection, cloud intelligence, and full industry traceability has been preliminarily introduced. It integrates the design of land and sea recycling, collects marine waste plastics in the area through professional equipment, and uses Xihi Cabin ™ The digital intelligent recycling system accurately classifies marine waste plastics, and after later processing, it enables effective recycling and utilization of marine waste plastics.
Topcentral® As one of the most comprehensive recycled enterprises in the global PCR category, for PCR materials, Topcentral ® Through precise design and optimization to control the source of recycled materials, dozens of PCR products comply with ROHS/REACH/FDA/Halogen Free standards and have passed GRS/T Å V/UL/SCS Global; Coastbound® OBP multiple certifications, some products have achieved "zero" carbon [cradle to gate], and we can provide comprehensive customized system solutions and innovative solutions according to customer special requirements. Our R&D team has rich experience in new material solutions, and can meet market needs based on the latest market trends, working together to make efforts for the sustainable development of recycled materials.
Recycling of waste plastics is a common challenge faced by all mankind. The development trend of the recycling industry is undoubtedly positive. How to achieve the recycling and utilization of waste plastics on a larger scale still requires us to constantly try new ways. On the road to the development of recycled materials, policy support is first needed. In addition, it is also necessary to double improve the recycling volume and the quality of recycled plastic products, Only by achieving an organic combination of social and economic benefits on a larger scale can we fundamentally promote the long-term development of recycled plastics.
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