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On December 25, Hengli Petrochemical's subsidiary Yingkou Kanghui Petrochemical Co.
, Ltd.
(hereinafter referred to as "Kanghui Petrochemical") successfully started a one-time start-up of 33,000 tons of PBS biodegradable polyester new material, and successfully put into production and produced qualified products.
, Marking the official launch of Hengli Petrochemical's green industry
.
Some analysts pointed out that with the approach of a comprehensive plastic ban, the project's production capacity will rank among the top three in China after the project is put into production, which will greatly alleviate the domestic supply and demand gap of PBS-type biodegradable plastics, and it is expected to increase annual revenue by 600-700 million yuan
.
? "Plastic Restriction Order" and then upgrade Hengli Petrochemical's layout in advance to demonstrate the constant speed? It is reported that according to the "Notice on Solid Promotion of Plastic Pollution Control" issued by 9 departments including the National Development and Reform Commission and the Ministry of Ecology and Environment in July, January 2021 The "plastic ban" will be fully implemented starting from January 1st
.
On November 30, the Ministry of Commerce issued the "Measures for Reporting on the Use and Recycling of Disposable Plastic Products in the Commercial Field (Trial)", which is considered to be a further upgrade of the "Plastic Restriction Order"
.
With the approach of a comprehensive ban on plastics, the demand for degradable plastic products will increase substantially
.
? As a leading private refining and chemical company, Hengli Petrochemical took the lead in responding to this national policy and began to deploy new biodegradable polyester materials
.
The subsidiary Kanghui Petrochemical began to cooperate with Dalian University of Technology as early as August 2019 to independently research and develop the production formula of "PBS-type biodegradable polyester new material".
In early 2020, it invested in the construction of an annual output of 33,000 tons of PBS-type biodegradable polymer.
The new ester material project has successfully realized the "start of construction in the same year and production in the same year", fully demonstrating the constant force speed
.
? As a leader in the development of large-scale, high-end, and differentiated polyester chemical fiber manufacturing in China, Hengli Petrochemical has the comprehensive competitive advantage of both the scale effect of production capacity and the leading technology research and development
.
With the completion of Kanghui Petrochemical's new biodegradable polyester material project with an annual output of 33,000 tons, Hengli Petrochemical officially enters the degradable plastics market with huge space in the future, and the polyester business segment's capacity structure upgrade and scale process advantages will also More obvious
.
? Favorable policies frequently present the concept of degradable plastics to welcome development opportunities? According to the Guosen Securities Research Report, the four key application areas of domestic disposable tableware, disposable plastic bags, agricultural mulch film and packaging plastic film total about 10.
17 million tons of potential Demand space
.
Compared with the potential demand space of 10 million tons, China's biodegradable plastics market supply was only 70,000 tons in 2018, and the market demand has not yet been fully opened
.
With the strengthening of plastic restriction legislation and law enforcement, the improvement of national environmental protection awareness, and the reduction of costs caused by technological progress or government subsidies, the degradable plastics industry is expected to enter a stage of rapid increase in penetration
.
? Kanghui Petrochemical, a subsidiary of Hengli Petrochemical, has an annual output of 33,000 tons of PBS-type biodegradable polyester new material project, which has successfully started a one-time operation at the end of 2020 and is the first to put it into production.
It is expected to further enjoy the market dividend brought by the policy
.
? In addition, Hengli Petrochemical is the first domestic company to complete the "crude oil-aromatics, ethylene-purified terephthalic acid (PTA), ethylene glycol-polyester (PET)-civilian silk and industrial silk, engineering plastics, and film" in China.
Private enterprises with industrial chain management and development can provide upstream PTA raw materials for PBS-type biodegradable polyester new materials, thereby further expanding the operating capacity of the entire industrial chain and reducing production costs
.
, Ltd.
(hereinafter referred to as "Kanghui Petrochemical") successfully started a one-time start-up of 33,000 tons of PBS biodegradable polyester new material, and successfully put into production and produced qualified products.
, Marking the official launch of Hengli Petrochemical's green industry
.
Some analysts pointed out that with the approach of a comprehensive plastic ban, the project's production capacity will rank among the top three in China after the project is put into production, which will greatly alleviate the domestic supply and demand gap of PBS-type biodegradable plastics, and it is expected to increase annual revenue by 600-700 million yuan
.
? "Plastic Restriction Order" and then upgrade Hengli Petrochemical's layout in advance to demonstrate the constant speed? It is reported that according to the "Notice on Solid Promotion of Plastic Pollution Control" issued by 9 departments including the National Development and Reform Commission and the Ministry of Ecology and Environment in July, January 2021 The "plastic ban" will be fully implemented starting from January 1st
.
On November 30, the Ministry of Commerce issued the "Measures for Reporting on the Use and Recycling of Disposable Plastic Products in the Commercial Field (Trial)", which is considered to be a further upgrade of the "Plastic Restriction Order"
.
With the approach of a comprehensive ban on plastics, the demand for degradable plastic products will increase substantially
.
? As a leading private refining and chemical company, Hengli Petrochemical took the lead in responding to this national policy and began to deploy new biodegradable polyester materials
.
The subsidiary Kanghui Petrochemical began to cooperate with Dalian University of Technology as early as August 2019 to independently research and develop the production formula of "PBS-type biodegradable polyester new material".
In early 2020, it invested in the construction of an annual output of 33,000 tons of PBS-type biodegradable polymer.
The new ester material project has successfully realized the "start of construction in the same year and production in the same year", fully demonstrating the constant force speed
.
? As a leader in the development of large-scale, high-end, and differentiated polyester chemical fiber manufacturing in China, Hengli Petrochemical has the comprehensive competitive advantage of both the scale effect of production capacity and the leading technology research and development
.
With the completion of Kanghui Petrochemical's new biodegradable polyester material project with an annual output of 33,000 tons, Hengli Petrochemical officially enters the degradable plastics market with huge space in the future, and the polyester business segment's capacity structure upgrade and scale process advantages will also More obvious
.
? Favorable policies frequently present the concept of degradable plastics to welcome development opportunities? According to the Guosen Securities Research Report, the four key application areas of domestic disposable tableware, disposable plastic bags, agricultural mulch film and packaging plastic film total about 10.
17 million tons of potential Demand space
.
Compared with the potential demand space of 10 million tons, China's biodegradable plastics market supply was only 70,000 tons in 2018, and the market demand has not yet been fully opened
.
With the strengthening of plastic restriction legislation and law enforcement, the improvement of national environmental protection awareness, and the reduction of costs caused by technological progress or government subsidies, the degradable plastics industry is expected to enter a stage of rapid increase in penetration
.
? Kanghui Petrochemical, a subsidiary of Hengli Petrochemical, has an annual output of 33,000 tons of PBS-type biodegradable polyester new material project, which has successfully started a one-time operation at the end of 2020 and is the first to put it into production.
It is expected to further enjoy the market dividend brought by the policy
.
? In addition, Hengli Petrochemical is the first domestic company to complete the "crude oil-aromatics, ethylene-purified terephthalic acid (PTA), ethylene glycol-polyester (PET)-civilian silk and industrial silk, engineering plastics, and film" in China.
Private enterprises with industrial chain management and development can provide upstream PTA raw materials for PBS-type biodegradable polyester new materials, thereby further expanding the operating capacity of the entire industrial chain and reducing production costs
.
