Introduction to this report:
According to the implementation opinions, the recycling rate of waste textiles will be further improved, promote the green production of the textile industry, effectively reduce carbon emissions, and horizontally promote the high-end utilization of PET bottles.
Summary:
The national development and Reform Commission, the Ministry of Commerce and the Ministry of industry and information technology issued the implementation opinions on accelerating the recycling of waste textiles.
Comments:
The recycling rate of waste textiles and the output of recycled fiber were further improved. 1) According to the implementation opinions, by 2025, the recycling rate of waste textiles will reach 25%, and the output of recycled fiber of waste textiles will reach 2 million tons. By 2030, the recycling rate of waste textiles will reach 30%, and the output of recycled fiber of waste textiles will reach 3 million tons. 2) According to the Environmental Resources Department of the national development and Reform Commission, in 2020, the recycling rate of waste textiles in China will be about 20%, and the output of recycled fiber of waste textiles will be about 1.5 million tons. Therefore, the recycling capacity and level of waste textiles in China have great room for improvement.
Encourage the use of green fibers, promote the high value-added recycling of waste textiles, and reduce carbon emissions from the production of the textile industry. 1) Chemical fiber textiles are not naturally degradable, and the raw materials are fossil fuels, with high carbon emissions in the whole life cycle. According to the Environmental Resources Department of the national development and Reform Commission, each kilogram of waste textiles can reduce carbon dioxide emissions by 3.6kg. 2) The implementation opinions clearly encourages textile enterprises to give priority to the use of green fiber raw materials and strengthen the construction of green product certification system; Expand the scale of waste textile recycling and promote the high-value development of waste textile recycling products.
China is the world’s largest producer and consumer of textiles. Broadening recycling channels will improve the recycling of waste textiles. 1) China is the world’s largest producer and consumer of textiles, and has the advantage of recycling waste textiles. According to the Environmental Resources Department of the national development and Reform Commission, China’s per capita fiber consumption has basically reached the level of moderately developed countries, producing a large number of waste textiles. In 2020, China will produce about 22 million tons of waste textiles. 2) The implementation opinions said that the domestic waste classification system should be fully used to collect waste textiles, and the sorting center and resource utilization classification and treatment center should be reasonably arranged and constructed. On the basis of the advantages of raw material end, improving the establishment of recycling system will improve the amount of recycling.
The high value-added recycling of waste textiles will horizontally promote the high-end utilization of PET bottles and chips. Restricted by the recycling system, sorting methods and other factors, China’s recycled fiber raw materials are mainly PET bottle chips and industrial textile waste. At present, more than 80% of recycled PET end products in China are degraded and recycled into textiles. For example, waste textiles form a closed loop of high value-added recycling, which will promote the high-end reuse of PET bottles.
Investment suggestion: waste textiles are expected to improve the recycling system, further improve the amount of recycling based on the advantages of China’s waste textile raw materials, and gradually realize the recycling of high added value. At the same time, PET bottle to bottle recycling will also be promoted horizontally. It is recommended that Beijing Sanlian Hope Shin-Gosentechnical Service Co.Ltd(300384) , the technical solution supplier for recycling of recycled nylon fiber and PET bottle level recycling process, benefit from the plastic recycling faucet Shandong Intco Recycling Resources Co.Ltd(688087) .
Risk tip: the integration progress of waste textile recycling system is less than expected, and the industry policy changes.
