Plastics have long been widely used in various fields of the national economy due to their light weight, low manufacturing cost and strong plasticity. According to statistics, from 2015 to 2023, the annual global production of plastics has increased from 320 million tons to 430 million tons. It is worth noting that while the production of plastics is growing, the pollution caused by waste plastics is also becoming more and more serious.

At present, with the increasing awareness of global environmental protection, the problem of traditional plastic pollution and resource waste has become more and more prominent, and in order to cure the problem of plastic pollution, degradable new materials are receiving more and more attention. It is reported that a large number of rubber and plastic enterprises are constantly increasing investment in this field.

Recently, it was reported that the groundbreaking ceremony of Henghui Security Investment of 1.08 billion yuan with an annual output of 110,000 tons of biodegradable polyester rubber new materials project (referred to as Hana New Materials) was held in Yangkou Port Economic Development Zone, Jiangsu. It is understood that the project covers an area of 150 acres, divided into three phases of construction, and is expected to produce 110,000 tons of biodegradable polyester rubber annually after completion.

The investment in the research and development of new biodegradable polyester rubber materials marks the in-depth layout and strategic adjustment of Market-Guide in the field of green technology, and also reflects the company's firm determination on the road of sustainable development.

On May 20, under the guidance of the national green development strategy, Zhongke Xintou (Luohe) New Materials Co., Ltd., Luohe Industrial Investment Industrial Holding Group Co., Ltd. and Hubei Yihua Degradable New Materials Co., Ltd. (hereinafter referred to as Hubei Yihua) signed a tripartite strategic cooperation memorandum to jointly help the construction of the degradable material industry chain.

It is reported that the signing of the strategic cooperation memorandum is an important measure for the three companies to respond to the national green development strategy and promote industrial upgrading. It will inject new impetus into the degradable material industry and promote the sustainable development of the degradable material industry chain.

On March 5, Huasu Co., Ltd. reported that the company's annual output of 120,000 tons of biodegradable new materials project is expected to be put into operation within the year. The project covers an area of about 392 acres, with a total investment of 2.4 billion yuan, and builds a new 160,000 tons of formaldehyde plant (based on 55wt% formaldehyde), 100,000 tons of BDO plant and 120,000 tons of PBAT/PBS plant on the basis of the existing calcium carbide and acetylene plants.

The project has two main products, BDO and PBAT, of which BDO is used as a raw material for the production of PBAT, and the surplus is used for export, mainly used in spandex, engineering plastics, medicine and cosmetics. As of the beginning of March, the total progress of the project is 70%, and it is expected to be put into operation within the year.

On February 5, according to the announcement of the Listing Committee of the Beijing Stock Exchange, the listing application of Changzhou Ruihua Chemical Engineering Technology Co., Ltd. (hereinafter referred to as "Ruihua Technology") was approved.

According to the prospectus, in this public offering, Ruihua Technology plans to raise 417 million yuan for a 12,000 tons/year catalyst project; The 100,000 tons/year degradable plastic project, after the completion of the project, will form an annual output of 50,000 tons of PBS, an annual output of 25,000 tons of PBAT and an annual output of 25,000 tons of PBT resin.