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90% Of Global Investment In Recycled Plastics Comes From China
Sep 17, 2018

90% of global investment in recycled plastics comes from China

In the past two years, the global investment in recycled plastics has increased rapidly, with 90% of new investment coming from China.

90% of global investment in recycled plastics comes from China

    China's renewable market capacity will reach more than 6 million tons. China will purchase recycled materials globally and export capital, equipment, technology, talents and markets to the world.

    The world's largest waste plastics market is shifting to the world's largest recycled plastics market.

    Based on historical import data, China needs to import nearly 2 million tons of high-grade recycled PET bottles per year and about 5 million tons of recycled plastic pellets.

    At present, the national level has confirmed the management of “high-grade bottle tablets as common commodities”, but the lack of customs rapid inspection methods and attribute identification guidelines may lead to uncertainty in the customs clearance process.

    Nowadays, a number of regenerative granules, which are inconsistent with the “three consistent”, have been identified as solid waste. The main reason is that there is no industry standard for recycled particles, and there is no identification guide for attribute identification.

    Some of the production enterprises that use imported waste plastics as raw materials belong to “scattering and pollution” enterprises, and their pollution control capabilities are low, and there is even no pollution control facilities.

    After the ban, a large number of enterprises went abroad to look for investment opportunities, but some non-self-regulatory enterprises copied the domestic operation model and exchanged their own economic interests at the expense of environmental pollution.

    The chaos in the industry has gone from domestic to foreign. The constant deterioration of environmental quality and capacity exhaustion has led to serious civil-enterprise conflicts, which have affected the image of the industry and sustainable development.