Dune shares plan to invest in the construction of 120,000 tons/year biodegradable resin (PBAT) project

On the evening of January 17, Doane AG (002838) announced that the company had signed a strategic cooperation agreement with China Textile Research Institute Co., Ltd. (hereinafter referred to as "China Textile Institute") on the morning of January 16. The announcement shows that in order to optimize the product structure and improve comprehensive strength, the company plans to invest in the construction of 120,000 tons / year biodegradable resin (PBAT) project, of which the first phase of the project 60,000 tons / year continuous polymerization production plant will be entrusted to the Chinese Textile Institute to undertake, the total contract amount between the two sides is 265 million yuan.
Now, in the context of environmental policies and technological advances such as the "Plastic Limit Order", the long-paved market for biodegradable materials and paper packaging has officially entered an explosive period, and biodegradable plastics have become the preferred alternative material for ordinary plastics due to their high performance and superior environmental . Relevant industry reports predict that China's biodegradable plastics market size will reach 35.8 billion yuan in 2025. Thermoplastic biodegradable plastics (PTTs) have long been recognized by the industry as one of the most promising biodegradable plastic products, and the future growth space is unanimously favoured. In China, there have been blonde, Wanhua, Jindan and other enterprises have laid out the field.
As a domestic polymer material leader, The downstream of The Dow shares above the one, strive to be the most competitive biodegradable industry leader for development positioning, give full play to the technical strength and brand strength accumulated over the years, and actively carry out research and development and production of related products, power-degradable plastics market. It is understood that the early stage of TheOn has reserved biodegradable modified plastic technology, forming a series of product reserves, and some products have been completed industrialization. At present, the company's degradable plastics mainly have full-degradation PLA/PBAT alloy modified series products, full-degradation PLA/PBAT-starch alloy modified series modified materials, modified masterbatches products and low-carbon degradation products, among them, the company's modifiable biodegradable series of materials have been the European Union TUV biodegradation certification, downstream customer products (bags) have been the European Union, Japan, the United States and other certification, and small-volume exports.
said the agreement and the signing of the contract are aimed at working closely together in the biodegradable field to promote the development of the biodegradable field. It is conducive to advance the upstream biodegradable synthesis field, extend the company's industrial chain, enhance the company's competitiveness in the market, and further enhance the company's sustained profitability, in line with the company's long-term development strategy and the interests of all shareholders.
industry officials said that the cooperation between Daon shares and China Textile Institute is expected to further accelerate the development of the industry, help environmental protection, to achieve a leap in the company's value. At present, the company's research and development and downstream customer coverage level has a biodegradable plastic leader temperament, the future development is worth looking forward to.