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Ruifeng Advanced Materials plans to deploy 320 million biodegradable plastics and invest in a 60,000-ton/year PBAT project

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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On the evening of March 16, Ruifeng High-tech announced that the company plans to invest no more than 320 million yuan to build a PBAT biodegradable plastic project with an annual output of 60,000 tons in the company's existing factory area, laying out a promising biodegradable plastic market.

The company said that after the project is put into operation, it can expand the company's production scale, which is conducive to optimizing the company's product structure, cultivating new growth points, and improving the company's comprehensive strength

What is biodegradable plastic?

The plastic industry has developed rapidly with the development of petrochemical industry.
It is widely used in various fields of society due to the advantages of easy acquisition, low price, convenient processing, light weight and durability, bringing great convenience to people's lives

Biodegradable plastic (biodegradable plastic) refers to microorganisms that exist in nature under conditions such as soil and/or sandy soil, and/or specific conditions such as composting conditions or anaerobic digestion conditions or aqueous culture solutions.
Actions such as bacteria, moulds and algae cause degradation and eventually complete degradation of plastics into carbon dioxide (CO2) or/and methane (CH4), water (H2O) and its mineralized inorganic salts of the elements it contains, and new biomass

PBAT is a thermoplastic biodegradable plastic, which is a copolymer of butylene adipate and butylene terephthalate.
It has both the characteristics of PBA and PBT, and has good ductility and elongation at break.
Good heat resistance and impact performance; in addition, it also has excellent biodegradability, which is very active in biodegradable plastic research and one of the best biodegradable materials in the market

Due to the large-scale use of single-use plastic products, "white pollution" has become a global environmental problem, and many countries and regions around the world are constantly improving the laws and regulations of "plastic restriction" and "plastic ban" according to their own conditions

According to statistics, the global biodegradable plastics market size in 2018 was about 3.
97 billion US dollars, and it is expected to reach 10.
3 billion US dollars by 2024, with an average annual growth rate of 17%

Ruifeng Advanced Materials wants to cultivate new growth points

According to public information, Shandong Ruifeng Polymer Materials Co.
, Ltd.
, formerly known as Shandong Yiyuan Polymer Materials Factory, was established in 1994 and successfully listed on Shenzhen GEM in July 2011

For the PBAT biodegradable plastic project with an annual output of 60,000 tons, the company introduced that PBAT is a thermoplastic biodegradable plastic, and is currently one of the most active biodegradable plastics research and one of the best biodegradable materials in the market
.
Through independent research and development and technical cooperation, the research center of the company has not only mastered the relevant technologies, but has successfully passed the pilot test, and the performance of the PBAT biodegradable plastic products produced has reached the international advanced level
.

"The company has been deeply engaged in the field of PVC impact processing modifiers, and is a national single champion demonstration enterprise in this field.
The products of this project and the company's original main business products are both fine chemical new material projects.
With strong connections and similarities, the project implementation will also have a better management foundation
.
" The company said
.

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