Di Yi Cai Jing·2025-10-28 10:57Core Insights - The global economic circularity rate is projected to be only 6.9% in 2024, continuing a downward trend [1] - The "2025 China Petrochemical Industry Circular Economy Blue Book" highlights significant challenges in global circular economy development, including inefficient recycling systems and a predominance of linear product design [4] - If current trends persist, global resource extraction is expected to increase by 60% by 2060, leading to systemic risks such as climate instability and biodiversity loss [4] Group 1: Global Circular Economy Challenges - Key challenges include low recycling efficiency, slow decoupling of economic growth from resource consumption, and the lack of substantial agreements on global plastic pollution [4] - The European Union and China are leading efforts in promoting circular economy, with projections for the global plastic recycling market to grow by 8.3% and the biobased materials market by 25.7% by 2025 [4] Group 2: China's Circular Economy Initiatives - China aims to establish a green, low-carbon circular economy system by 2035, supported by over 300 standards and policies targeting various waste sectors [5] - The development of circular economy in China is expected to reduce carbon dioxide emissions by over 3.5 billion tons in 2024, contributing more than 35% to carbon reduction by 2030 [6] Group 3: Challenges in the Petrochemical Sector - The petrochemical industry faces five major challenges in developing circular economy, including technological maturity, raw material supply issues, and insufficient market premium for green low-carbon value [6] - Recommendations for petrochemical companies include focusing on key technological breakthroughs, establishing stable raw material supply chains, and enhancing market competitiveness through environmental benefits [7]