Due to the limited environmental carrying capacity, more than 180 countries in the world decided to include plastic waste in the import and export restrictions in 2019, prompting countries to consider fundamentally solving the problem of plastic pollution. In early 2019, the EU "Plastic Ban" was launched, and the promotion of degradable plastics It came into being. In early 2020, China launched a "plastic ban".
The market for biodegradable plastics is huge, and PLA supply is particularly tight. In 2018, the potential space for China's degradable plastics reached 6.79 million tons, and the overall global potential space reached 26.2 million tons. However, in 2018, the global demand for fully degradable plastics was only 360,000 tons, the penetration rate was only 0.65%, and China was only 0.62%. There is huge room for improvement. In the application process of degradable plastics, PBS/PBA and PLA often need to be blended and modified, and PLA mainly depends on the supply of international giants. The market of degradable plastics, which is already in short supply, is particularly tense.
PLA barriers are extremely high, and lactide is a technical bottleneck. PLA is made from the polymerization of lactic acid and is currently produced using a two-step process. High-purity and high-gloss pure lactic acid raw materials are the basis of PLA synthesis. The production of the intermediate lactide is the core of the PLA synthesis process, and is also a technical bottleneck facing China. Due to the difficulty of the process, the development of the domestic PLA industry is limited.
PLA is a neglected good track with huge room for development. The potential for global PLA demand reached 6.51 million tons, and China also has 1.7 million tons of demand. At present, the global production capacity is 330,000 tons, and the output is about 200,000 tons. It is mainly supplied by two foreign companies. The production capacity of domestic PLA companies is around 10,000 tons. Chinese companies are gradually breaking through technical barriers and opening up development space.
HNJD Lactic Acid Technology Group is a domestic leader in the lactic acid industry, with 128,000 tons of lactic acid and salt production capacity, forming a performance safety mat; further vertical expansion in the future, the 10,000 tons of lactide project is being debugged, and an additional 50,000 tons of high-gloss pure Lactic acid and 10,000 tons of PLA projects are expected to open up new growth space. In the long run, further increase in lactide and PLA will be seen.
SHDB Biotechnology Co., Ltd.
Bio-based plastic PLA material
HLXD Lactic Acid Technology Group
Polylactic acid bio-based fully degradable materials, bio-based nylon materials and biomass lightweight materials
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