The price of recycled plastics in Europe and the United States doubled, and the United Nations Environment conference focused on solving plastic pollution
[Securities Times] according to data group ICIS, since January 2021, the price of recycled PET chips in Europe has soared 103% to 1690 euros per ton. The price of waste bottles used to produce recycled PET chips has risen faster, more than tripling since January 2021. The price of recycled plastics in the United States also rose sharply. At present, the price of recycled PET has exceeded that of native pet. At the end of February, the offline meeting of the fifth United Nations Environment Conference will be held in Nairobi. The conference will address plastic pollution as one of the core topics. Foreign media believe that the conference is the most critical and favorable moment to reverse the global plastic pollution crisis.
Comments: manufacturers of food, beverage and household products need to add a higher proportion of recycled plastics in their packaging, resulting in a surge in demand and a shortage of recycled plastics. In order to reduce plastic pollution, on the one hand, governments of various countries have successively issued laws and regulations to force the addition of recycled plastics. For example, California passed and implemented the first recycled plastic bottle act in the United States last year, requiring beverage bottles to add at least 15% recycled plastics, which will increase to 50% by 2030; From April 1, the UK will impose a plastic packaging tax of £ 200 per ton on plastic packaging with less than 30% recycled materials made or imported from the UK. On the other hand, global consumer goods and retail giants such as Coca Cola, Pepsi, Unilever, Nestle and Wal Mart called last week for a global agreement to combat plastic pollution and increase the use of recycled plastics. As the main path to reduce plastic pollution, plastic recycling may become another global focus after carbon neutralization, and the industry is expected to stand at the tuyere.
Shandong Intco Recycling Resources Co.Ltd(688087) (688087): the business field of the company covers the whole industrial chain of “plastic recycling – plastic recycling – recycled plastic products – recycling recycling”. Six production bases have been arranged outside China. The 50000 T / a RPET project of the company has been debugged as scheduled, and the relevant products have started customer sample delivery, testing and certification.
Beijing Sanlian Hope Shin-Gosentechnical Service Co.Ltd(300384) (300384): in 2017, the company acquired polymetrix, an international leading solid-phase tackifying engineering technology service provider in the field of polymer processing and recycling. Polymetrix is the first service provider to provide system integration solutions with an annual output of more than 10000 tons in the food grade recycled plastics industry. According to the latest announcement of the company, polymetrix signed a food grade recycled RPET project contract with C-PET and fe-pet, with a cumulative amount of about 262 million yuan.
