【新华企业资讯12月10日】济南恒誉环保科技股份有限公司实现与国际知名集团在国际废塑料化学循环 领域深度合作的又一重要成果。一国际集团在全球范围内进行严格的筛选，对比了国内外同行业企业， 综合评估了技术装备的先进性、成熟性、稳定性后，最终决定采用恒誉环保"全新一代•大型工业连续化 智能废塑料热解技术及成套装备"，在越南投资建设了高端废塑料化学循环工厂。目前，该工厂已顺利 投产，并高效连续运行数月，裂解产物各项指标均达预期。 该项目是以工业生产中的塑料垃圾作为处置原料，依托恒誉环保独有的专利工艺及装备，将废塑料转化 为高品质的热解油。这些热解油已应用到客户自有化工厂进行后续加工，实现了从"废塑料—新塑料"的 完整化学循环闭环，在减少对化石能源依赖的同时，大幅降低碳排放。目前，该项目扩产准备工作已基 本完成，其他区域的项目复制拓展计划也正在规划中。 恒誉环保的技术装备与产业协同发展相融合的创新模式，为推动废塑料化学循环发展提供了可验证、可 复制、可推广的示范案例。该项目的成功投产，是恒誉环保继丹麦巴斯夫塑料化学循环项目后，持续深 耕国际高端市场的又一突出成果。目前，采用恒誉环保先进技术的英国大型废塑料热解资源化项 ...

Core Viewpoint - The article discusses the emerging opportunities in the chemical recycling industry, particularly focusing on the mixed plastic chemical recycling project by Rizhao Plastic Mao Environmental Technology Co., Ltd., which aims to convert waste plastics into valuable chemical products through advanced recycling technologies [2][3]. Project Overview - The mixed plastic chemical recycling (PCR) project by Rizhao Plastic Mao is a new initiative located in the Rizhao Haiyou Chemical Industrial Park, with a total investment of 680 million yuan [4]. - The first phase of the project includes a set of waste plastic chemical recycling (PCR) facilities, with a production capacity of 200,000 tons/year for the plastic oilification unit, 400,000 tons/year for the plastic oil olefination unit, and 200,000 tons/year for the olefin refining unit [4]. Technology and Processes - The company utilizes two core proprietary technologies: "Low-Temperature Low-Pressure Catalytic Cracking and Recombination (PTO)" and "High-Selectivity Catalytic Cracking Olefin Recombination (PTP)" [5]. - PTO technology converts waste plastics such as PP, PE, and PS into pyrolysis oil with a carbon-hydrogen utilization rate exceeding the industry average by 20%, allowing for higher pricing when sold to foreign chemical giants for recycling [6]. - PTP technology directly produces core components of new plastics like ethylene, propylene, and BTX with a carbon-hydrogen conversion efficiency that is 15%-20% higher, enabling a closed-loop process within a single facility without relying on petrochemical refining [7]. Strategic Path and Industry Layout - The company focuses on "technology output + joint venture construction" as its core strategy to expand the chemical recycling industry, establishing a collaborative matrix both domestically and internationally [10]. - The first chemical recycling technology licensing project in China has been implemented, providing technical support to a NASDAQ-listed petrochemical company in the U.S., with a 40,000 tons/year waste plastic oil production project underway in Weifang, expected to produce 30,000 tons of pyrolysis oil annually [10]. - Collaborations with state-owned enterprises like China Chemical aim to develop cutting-edge technologies and create a global plastic resource recycling supply chain, while also supporting brand companies in their ESG transformations [10].

Core Viewpoint - Hengyu Environmental has signed a significant sales contract with a UK client for a 60,000 tons/year industrial continuous waste plastic pyrolysis production line, amounting to approximately 198 million RMB, which is expected to positively impact the company's performance in 2025-2026 [1] Group 1 - The contract will enhance Hengyu Environmental's capabilities in waste plastic pyrolysis technology output and equipment sales in the European and American markets, solidifying its leading position in the pyrolysis technology equipment market [1] - The company has received the first payment from the client, indicating a strong start to the contract execution [1] - The client chose Hengyu Environmental after evaluating various projects, including those backed by BASF, highlighting the advanced, mature, and stable nature of Hengyu's technology and equipment [1] Group 2 - Hengyu Environmental has established a strong presence in the European market, evidenced by a previous contract with Norway's Quantafuel for four waste plastic pyrolysis production lines for a project in Denmark, which received BASF's investment and recognition [2] - A recent project in Southeast Asia, backed by South Korea's Hyundai Group, successfully utilizes Hengyu's waste plastic pyrolysis technology, contributing to carbon reduction efforts by supplying pyrolysis oil as raw material for the group's chemical plant [2] - These projects demonstrate Hengyu Environmental's robust competitiveness in the international market and reinforce its leading position in the domestic and international waste plastic chemical recycling sector [2]

Core Viewpoint - Hengyu Environmental Protection has signed a significant sales contract with a UK client for a 60,000 tons/year industrial continuous waste plastic pyrolysis production line, amounting to approximately 198 million RMB, which is expected to positively impact the company's performance in 2025-2026 [1][2] Group 1 - The contract will enhance Hengyu's capabilities in waste plastic pyrolysis technology output and equipment sales in the European and American markets, solidifying its leading position in the pyrolysis technology equipment market [1][2] - The company has received the first payment from the client, indicating a strong start to the contract execution [1] - Hengyu's reputation is bolstered by its successful projects, including a previous contract with Norway's Quantafuel for waste plastic pyrolysis lines, which received investment and recognition from BASF [2] Group 2 - The recent project in Southeast Asia, backed by South Korea's Hyundai Group, successfully utilizes Hengyu's waste plastic pyrolysis technology, contributing to carbon reduction efforts [2] - Hengyu's strong competitive edge in the international market is demonstrated through its advanced technology and equipment, which have been recognized by various clients [2] - The company's ongoing projects and contracts reflect its commitment to the development of the waste plastic chemical recycling sector, enhancing its core competitiveness and sustainable profitability [1][2]

Core Viewpoint - The annual report of Jinan Hengyu Environmental Technology Co., Ltd. for 2024 highlights a decline in revenue and net profit, while emphasizing the company's focus on organic waste resource utilization and technological innovation in the pyrolysis sector [1][3]. Financial Performance - The company achieved operating revenue of 154.94 million yuan, a decrease of 5.48% compared to the previous year [3]. - The net profit attributable to shareholders was 17.42 million yuan, down 4.00% year-on-year [3]. - The net profit after deducting non-recurring gains and losses was 13.83 million yuan, reflecting an 8.40% decline from the previous year [3]. - The net cash flow from operating activities was 105.21 million yuan, a significant increase of 688.30% compared to the previous year [3]. Business Operations - The company is focusing on a dual-driven development model of "equipment + operation," enhancing its operational business and optimizing its business structure [5]. - The first BOO project, the Enshi oil-based rock debris project, has been put into operation, and the Zhejiang paint sludge BOO project is in the equipment debugging phase [5]. - The company has entered the waste tire comprehensive utilization operation project through its subsidiary, marking a significant expansion of its operational capabilities [5]. Market Strategy - The company has adopted a proactive sales strategy, focusing on both domestic and international markets, resulting in a 78% increase in new order amounts compared to the previous year [6]. - The company has expanded its patent portfolio, acquiring 7 new domestic and international patents during the reporting period, bringing the total to 115 patents [6]. Product and Service Offerings - The main products include industrial continuous pyrolysis production lines for waste tires, waste plastics, and oily sludge, which facilitate the harmless and resourceful treatment of organic waste [9][10]. - The company provides comprehensive solutions for organic waste treatment, including pre-sales consulting, design, installation, and technical support [12][13]. Corporate Governance and Development - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team, ensuring clear responsibilities and effective checks and balances [7]. - A stock incentive plan for 2024 has been introduced to align the interests of employees with those of the company and shareholders, enhancing motivation and accountability [7]. Innovation and Research - The company continues to focus on innovation, actively exploring new applications for pyrolysis technology in various fields, including oil sand extraction and medical waste treatment [8].