On December 25, the subsidiary of SDHL Petrochemical Technology Group, SDKH Petrochemical Co., Ltd., successfully put into production the 38,000-ton PBS-type biodegradable polyester new material project. After the project was put into production, its production capacity jumped to the top three in China, which will greatly ease China The gap between the supply and demand of PBS biodegradable plastics.
As a leader in the development of large-scale, high-end, and differentiated polyester chemical fiber manufacturing in China, SDHL has the comprehensive competitive advantage of both the scale effect of production capacity and the leading technology research and development. With the full completion of the new material project of SDKH with an annual output of 3.38 tons of PBS-type biodegradable polyester, SDHL has officially entered the degradable plastics market with huge space in the future.
The four key application areas of China's disposable tableware, disposable plastic bags, agricultural mulch and packaging plastic films total about 10.17 million tons of potential demand. Compared with the potential demand of 10 million tons, China's biodegradable plastic market supply was only 70,000 tons in 2018, and the market demand has not yet been fully released. With the strengthening of plastic restriction legislation and law enforcement, the improvement of national environmental protection awareness, and the reduction of costs caused by technological progress or government subsidies, the degradable plastics industry is expected to enter a stage of rapid increase in penetration. With the industry’s positive expectations, China`s degradable plastics industry has entered an expansion cycle, and costs are expected to drop rapidly.
SDHL is the first company in China to realize the operation and development of a complete industrial chain of "crude oil-aromatic hydrocarbons, ethylene-purified terephthalic acid (PTA), PBAT,ethylene glycol-polyester (PET)-civil silk and industrial silk, engineering plastics, and film" Private enterprises can provide upstream PTA raw materials for PBS-type biodegradable polyester new materials, thereby further expanding the operating capacity of the entire industry chain and reducing production costs.