Degradable Plastics Industry Will Be Supported By National Policies

Industry Authority revealed that degradable plastics support policy It is expected to be introduced in the second half of the year. Plan The supporting objects include bio based materials and completely degradable materials. Supporting means include VAT refund, tax relief and key project procurement. The Ministry of industry and Commerce has signed relevant policy documents to the Ministry of housing and other relevant ministries and commissions. The industry expects that the policy will be good for the listed companies in the degradable plastics industry.

This year " Two sessions(NPC and CPPCC) During the period, Yang Han, a member of the CPPCC National Committee, submitted the proposal on legislation to carry out biodegradable plastic waste bags. He put forward legislation to implement biodegradable plastic garbage bags, and garbage classification systems were implemented in towns and cities. The relevant policies proposed by the relevant state departments are the response to CPPCC members' suggestions.

Business people believe that the demand for degradable plastics is huge due to the relatively sound environmental regulations in some developed countries. At present, the conditions for promoting the degradation of plastic products in China are also ripe. The main problem is lack of policy support. The production cost of degradable plastics is higher than that of traditional polyolefin plastics, so there is no competitive advantage. If we get policy support, the domestic degradable plastics market will soon be opened.

Garbage classification is an important factor that restricts the promotion of degradable plastics in the domestic market. The executive meeting of the State Council, held in March 23rd, suggested that by 2015, 50% of the cities in the districts would basically realize the sorting, transportation and treatment of food waste. Business people believe that garbage classification will inevitably involve the use of plastic bags for different wastes, and the promotion of degradable plastics will be taken seriously at the national level.

At present, the popularization and application of degradable plastics have been paid attention everywhere. Beijing, Shanghai, Guangzhou, Hainan and other places are piloting garbage sorting. Xinjiang, northeast and Yunnan are still using biodegradable agricultural film. Yunnan will also legislate against the production and sale of plastic shopping bags, and the relevant draft has been announced.

For the market space for degradable plastics, experts believe that the prospects for degradable plastics in the fields of garbage bags, plastic films, shopping bags and other fields are relatively good. It is a conservative estimate that China will have 3 million tons of demand in the future, while last year's sales will be only 30 thousand tons. In the current domestic 200 thousand -30 tons of garbage bags, about 100000 tons of degradable materials can be used. The market of PBS and PBAT suitable for blown film in the degradable materials is relatively large. The listed companies include Xinfu Pharmaceutical (002019), and golden hair technology (600143).

It is understood that Xinfu pharmaceutical currently degradable plastics production capacity of 3000 tons, the first half of 10000 tons of projects launched, the future is expected to expand to 20000 tons, technically difficult, the NDRC will go to the company recently to accept the project.

Golden hair technology has a 1000 ton pilot line in Mianyang, and its 20000 tons project in Zhuhai is expected to achieve mass production in May. Both companies are currently producing petroleum based materials and will be switched to bio based materials in the future.