Two national standards for degradable plastics will be implemented on June 1, and industry demand and production capacity will be released

From June 1, two national standards in the field of degradable plastics, "Biodegradable Plastics and Products Degradation Performance and Labeling Requirements" and "Biodegradable Drinking Straws", will be officially implemented
.

According to the official website of the State Administration for Market Regulation, the national standard "Requirements for Degradation Performance and Labeling of Biodegradable Plastics and Products" regulates terms and definitions such as biodegradation and biodegradation rate, and specifies requirements for degradation performance, labeling requirements and inspection methods
.
The release and implementation of this standard can standardize and guide the processing, production, use, sales and application of biodegradable plastics and products, and solve the problems of how to distinguish the authenticity of biodegradable plastic products and how to quickly identify them
.

The national standard "Biodegradable Drinking Straws" specifies the terms and definitions, classification, technical requirements, test methods, inspection rules, packaging, marking, transportation and storage of biodegradable drinking straws
.
The release and implementation of this standard will guide the fully biodegradable drinking straw industry in terms of product production, design, material selection, marketing, etc.
It is of great significance for products to have production standards to follow, standardize production, and ensure product quality
.

The "Daily Economic News" reporter noticed that in recent years, the country's pace of controlling plastic pollution has gradually accelerated
.
However, at present, biodegradable plastics, as a major alternative to traditional plastics, have problems such as uncertain degree of degradation, insufficient yield, unclear identification, and time-consuming and difficult detection methods, which hinder the promotion of plastic pollution control
.
The implementation of the above two standards will provide strong support for plastic pollution control
.

According to the forecast of Guohai Securities Research Report, in terms of demand, by 2025, the total domestic market demand for degradable plastics will reach 4.
1523 million tons, which is 9.
23 times the demand in 2018.
The unit price is 20,000 yuan/ton.
Calculate the market space as 83 billion (yuan)
.
China is a big consumer of plastics, and plastics consumption accounts for 15%.
Under the pressure of plastic pollution and the strong drive of policies, the replacement rate of degradable plastics has increased year by year.
At present, there are more than 30 domestic companies that are under construction or are planning to build.
The degradable plastic project has a planned new production capacity of more than 10 million tons
.

The reporter noticed that at present, listed companies in the upstream and downstream of domestic degradable plastics have begun to actively reserve production capacity
.
According to the 2021 annual report of Kingfa Technology (600143, SH), the company currently has a PBAT resin production capacity of 180,000 tons per year, and will continue to promote the construction of a PLA plant with an annual output of 30,000 tons, which is planned to be put into operation in the second quarter of 2022
.
The company and its fully biodegradable copolyester resin modified products have been widely used in disposable packaging (shopping bags, fruit and vegetable bags, garbage bags), agricultural mulching films, disposable tableware and 3D printing consumables and other fields
.

According to the 2021 annual report of Red Avenue New Materials (603650, SH), the company has launched a 100,000-ton/year biodegradable material project (phase I) in Shanghai Chemical Industry Park by introducing the PBAT polymerization technology authorized by BASF, which can meet the needs of high-end biodegradable products in the future.
Application in shopping bags, express bags, agricultural mulch
.
The project is currently in the construction phase
.

Qixiang Tengda (002408, SZ) said that with the gradual implementation of the domestic "plastic restriction order", the number of manufacturers producing degradable plastic products such as PBS and PBAT is increasing, which will greatly drive the growth of upstream raw material maleic anhydride demand
.
The company proposes to continue investing in the expansion of 200,000 tons/year maleic anhydride on the basis of the original 200,000 tons/year production capacity
.