（来源：经济日报） 转自：经济日报 碳谷绿湾相关负责人表示，产业园将持续优化营商环境，为项目建设提供全周期服务保障，共同打造循 环经济产业发展新标杆。 记者从上海碳谷绿湾获悉，上海菲利科思新材料有限公司在碳谷绿湾产业园投资的"年产12万吨循环基 新材料项目"日前开工建设。该项目重点聚焦上海市低值废塑料资源化处理，建成达产后年处理低值废 塑料将超15万吨，可大幅减少区域内废塑料焚烧量与碳排放。 ...

转自：四川在线 四川在线记者 陈婷 李亚莲认为，根据实施效果，比较东部沿海省份的同类政策，2026年1月1日起实施的四川省汽车以旧换新补贴政策以及家电以旧换新、数码和智能产品购新 补贴政策，还有局限，体现在政策覆盖品类有限、补贴对象范围偏窄、企业跨区域销售受限。 实施大规模设备更新和消费品以旧换新政策，是有效扩大内需、建设强大国内市场的务实举措。与此同时，国家相关部门也对回收循环利用作出系列部署， 推动形成闭环，助力提升国民经济循环质量。今年省两会上，围绕以旧换新与大力发展循环经济话题，省政协委员李亚莲和汪洋带来了自己的思考与建议。 政策"扩面"，助力"川字号"提升竞争力 省两会前，省政协提案委员会副主任李亚莲在绵阳做了深入调研。她发现，自2024年以来，省政府连续三年推出以旧换新补贴政策，政策带动消费效应明 显。但由于家电、家装、汽车等大宗消费品的更新频率较低，随着时间的推进，政策边际效应正在递减。 李亚莲建议，优化四川省消费品以旧换新政策，让更多的消费者、企业参与进来。 扩展补贴品类——将更多具有四川产业优势、消费潜力大的家电、家装产品纳入补贴目录，将走街串巷的绿色轻型汽车包括商用车纳入补贴范围，可有效提 ...

Core Viewpoint - The Tianjin Customs is set to implement the "Tianjin Customs 24 Measures (2026 Version)" to enhance the city's high-level opening-up and support foreign trade development, following the successful implementation of the previous version [1][2]. Group 1: Policy Implementation - The "Tianjin Customs 24 Measures" will be officially released in early 2024, serving as a key driver for high-quality foreign trade development in Tianjin [1]. - In 2025, Tianjin's total import and export value reached 835.87 billion, with a year-on-year growth of 2.8%, and exports exceeded 400 billion for the first time, reaching 430.94 billion, a 10.1% increase [1]. Group 2: Focus Areas of the New Measures - The new measures will focus on five key areas, including the implementation of national strategies, development of new productive forces, construction of a pioneering reform and opening-up zone, building a modern socialist metropolis, and safeguarding national security [2][3][4]. Group 3: Specific Initiatives - The measures include support for technological innovation tax incentives, expansion of customs clearance for high-tech equipment, and facilitation of cross-border e-commerce [2][3]. - Initiatives to enhance the import and export processes for agricultural products, medical health industries, and high-end manufacturing sectors are also outlined [2][3]. - The establishment of a green channel for the Shanghai Cooperation Organization countries and the promotion of the Belt and Road Initiative are part of the strategic focus [1][2]. Group 4: Security and Safety Measures - The measures emphasize strengthening border security, enhancing the ability to manage public health emergencies, and ensuring food safety at entry points [4].

Core Insights - The article emphasizes the growth and transformation of the bio-based and biomanufacturing industry in 2025, aligning with global green transition trends and China's "dual carbon" strategy [2][3] - The industry is moving from a technology exploration phase to a critical stage of industrialization and marketization, with bio-based materials expected to penetrate various sectors [2] Group 1: Events and Achievements - The 10th Bio-based Conference and Exhibition was held in Shanghai from May 25-27, gathering over 1,000 experts and industry leaders, with more than 100 leaders sharing insights [4][6] - The DT New Leaf Award recognized over 100 products in the bio-based industry, with 28 products winning awards across various categories [7] - The official launch of the bio-based and biomanufacturing service platform attracted over 500 domestic and international companies to its "new product library" [2] Group 2: Future Outlook - The bio-based and biomanufacturing industry is expected to achieve a leap from "substitution" to "leadership" in various fields, indicating a significant shift in market dynamics [2] - The company aims to continue fostering collaboration among industry peers to accelerate technology transfer and contribute to a green, low-carbon circular economy [3] Group 3: Upcoming Events - The 11th Bio-based Conference and Exhibition is scheduled for May 20-22, 2026, featuring 11 thematic forums and 1,000 new product displays [30] - The 5th Synthetic Biology and Green Biomanufacturing Conference will take place in August 2026, focusing on innovative applications and AI in biomanufacturing [30] - The 6th Non-food Biomass High-Value Utilization Forum is planned for November 2026, addressing sustainable aviation fuel and carbon utilization [30]

证券日报网2月6日讯 ，嘉化能源在接受调研者提问时表示，自公司上市以来，坚持持续现金分红及回 购股份，是公司坚守稳健经营之道，持续回馈股东的价值经营理念的体现。持续推出了三年股东回报规 划：公司承诺，2024-2026年，在满足现金分红条件下，公司每年以现金方式分配的利润应不低于当年 实现的可分配利润的40%。能够持续分红及回购股份，首先是基于公司稳定的盈利，并结合目前及未来 投资发展、以及公司的现金流状况、资产负债情况综合考量做出的决定。这也符合近年来监管层鼓励上 市公司通过现金分红和股份回购提升投资者回报的指导意见。公司多年来坚守稳健经营模式，深耕能源 化工主业，围绕循环经济产业模式开展业务，有稳定的经营业绩托底、各个产业趋于稳定，在负债率较 低以及宽松的货币政策的大环境下，公司将继续维持稳健的回馈股东政策，以积极的回购股份政策（回 购股份主要用于注销）及稳定的现金分红回报各方投资者。 （文章来源：证券日报） ...

证券日报网2月6日讯 ，嘉化能源在接受调研者提问时表示，公司着力发展的循环经济，实现了资源、 能源的综合开发和高效利用，降低产品的能耗和物料成本，提高设备的运行效率，增强公司各项业务的 竞争力和企业的综合实力；其次，公司的核心管理团队结构稳定、风格稳健，拥有经验丰富的管理团 队、深耕行业多年的技术研发团队、精益求精的生产管理团队以及以合作共赢为理念的自有直销团队； 再次，公司所在的嘉兴港区地处上海南翼、杭州湾北岸，是"长三角"沪、苏、杭、甬地区的一个重要交 通枢纽，同时嘉兴港具有海河联运的独特优势，上下游产业链集聚、消纳便利，交通条件优越，区位优 势明显。 （文章来源：证券日报） ...

Core Viewpoint - The company, Jiahuan Energy, emphasizes its commitment to a circular economy model, which is central to its development strategy and aims to enhance resource and energy efficiency while improving competitiveness and profitability [2]. Group 1: Circular Economy Model - The company is a key player in the China Chemical New Materials (Jiaxing) Park, focusing on establishing a circular economy that integrates energy and chemical industries [2]. - The circular economy includes both internal and external cycles, with internal cycles involving the development of the chlor-alkali industry and polymer materials (VCM/PVC) through cogeneration [2]. - The development of polymer materials positively impacts the chlor-alkali industry and self-generated power advantages, contributing to the company's growth [2]. Group 2: Resource and Energy Utilization - The company has developed a series of fatty alcohol (acid) products, which have become significant growth units due to the advantages of self-produced steam and by-product hydrogen from the chlor-alkali industry [2]. - The external cycle involves supplying steam, liquid alkali, desalinated water, and hydrogen, while recycling condensate and related materials to enhance the value of the industrial chain [2]. Group 3: Operational Performance - The company reported stable performance for the year, with no significant seasonal variations in operating results during the first three quarters [2].

Core Insights - The bio-based and bio-manufacturing industry is transitioning from a technology exploration phase to a critical stage of industrialization and marketization by 2025, driven by global green transformation and China's "dual carbon" strategy [1][30][31] - The DT New Materials' bio-based and bio-manufacturing service platform has successfully hosted multiple offline brand exhibitions, gathering over 3000 experts and industry leaders to discuss key topics in technology transformation and industrial collaboration [1][30] - The platform has launched its official website, attracting over 500 domestic and international companies to its "new product database" [1][30] Industry Events - The 10th Bio-based Conference and Exhibition took place from May 25-27, 2025, in Shanghai, attracting over 1000 representatives from the bio-based sector, including experts, production companies, and investment institutions [3][31] - The conference featured over 20 specialized sessions and discussions on international trends, bio-based technology, and downstream applications, along with three major awards [3][35] - The 4th Synthetic Biology and Green Bio-manufacturing Conference was held on August 21, 2025, with over 400 attendees and 40 presentations focusing on macro forums and AI applications in bio-manufacturing [11][37] Awards and Recognition - The 3rd DT New Leaf Award recognized 28 products from over 70 entries, with categories including innovative materials and applications [9][35] - The "Bio-based Decade: Sci-tech Innovation Power" award was granted by over 10 industrial experts, while the "Bio-based Decade: Symbiotic Transformation" award was given to 49 representative companies [9][35] Future Outlook - The bio-based materials are expected to penetrate various sectors of daily life, transitioning from "substitution" to "leadership" roles in the market [1][30] - The industry aims to accelerate the transformation of scientific achievements and contribute to building a green, low-carbon circular economy [2][31]

Core Viewpoint - The rise of a trillion-yuan market for rental services is highlighted, with "人人租" (Renrenzu) positioning itself as a leading online rental platform in China, preparing for its IPO while facing scrutiny over its business practices and compliance risks [2][15]. Group 1: Business Model and Financial Performance - Renrenzu operates a credit rental business, offering a variety of products including smartphones, computers, and drones, without holding inventory, functioning as a super intermediary [16][20]. - The company reported revenues of 294 million RMB, 421 million RMB, and 356 million RMB for the years 2023, 2024, and the first three quarters of 2025, with net profits of 79.6 million RMB, 119 million RMB, and 89 million RMB respectively, indicating strong growth [16][20]. - Transaction commissions account for over 80% of Renrenzu's total revenue, with merchants paying annual fees ranging from 6,800 RMB to 19,800 RMB and a commission of about 10% on each transaction [3][18]. Group 2: Profitability and Risks - Renrenzu boasts high gross margins of 80.5%, 82.3%, and 82.9% for the years 2023 to 2025, with value-added services exceeding 90% gross margin [5][20]. - The company relies heavily on marketing expenditures, which constitute 42.5% of total revenue, raising concerns about sustainability if marketing budgets are cut [5][20]. - The platform transfers most risks, such as product quality and customer service, to merchants and consumers, allowing it to maintain high profitability while minimizing its own liabilities [5][20]. Group 3: Regulatory and Compliance Challenges - Renrenzu faces significant compliance risks, with allegations of its credit rental model resembling high-interest lending practices, potentially violating financial regulations [6][22]. - Reports indicate that the total cost of renting a smartphone can exceed the retail price significantly, leading to annualized interest rates above 42%, which surpasses legal lending limits [6][22]. - The company has been criticized for privacy concerns, as it reportedly installs monitoring software on rented devices, raising issues of user data security and potential misuse [8][24]. Group 4: Growth and Investor Sentiment - Founded in 2015, Renrenzu quickly attracted investment from notable firms, expanding its operations to over 250 cities and serving more than 45 million users by early 2024 [9][25]. - The company has distributed 42 million RMB in dividends and has incurred significant share-based compensation expenses, raising questions about the timing and motivations behind these financial decisions [10][26]. - As Renrenzu approaches its IPO, it must navigate the dual challenges of maintaining growth while addressing mounting public and regulatory scrutiny regarding its business practices [11][26].

2026年，欧盟密集出台的气候与循环经济新规令本就深陷困境的欧洲化工行业更添压力，直接推升合规 成本、削弱竞争力，使行业陷入减排目标与经济发展的两难中。 核心气候政策中，欧盟碳边境调节机制(CBAM)于2026年1月1日正式生效，过渡期同步结束。该机制目 前已覆盖化肥、氢能领域，虽暂未纳入多数化工品，但标普全球能源报告预测，其有望2028年达成扩围 至炼油与化工领域的协议，2031年启动实施并设至2040年的过渡期。与此同时，欧盟排放交易体系(EU ETS)免费排放配额将在2034年前逐步取消，对化工及石化生产商形成长期冲击。 欧洲化工行业对目前的一系列涉气候政策表示强烈反对。德国化学工业协会(VCI)总干事恩特鲁普在一 份声明中表示，化工产业链复杂、产品品类繁多，CBAM机制并不适用。他呼吁行业获得豁免且禁止扩 围至制药领域。他表示，尽管欧盟委员会已宣布强化CBAM反规避措施、设立临时支持计划，却仅属修 修补补，未解决根本问题。此外，欧洲化工企业高管正通过游说，呼吁暂缓高排放石化装置的免费配额 取消进程。 化肥行业受CBAM冲击尤为显著。按2025年12月欧盟碳价测算，进口自土耳其、埃及、摩洛哥的三类化 肥 ...