Core Insights - The successful trial production of Dongyue Chemical's 200,000 tons/year mixed waste plastic resource utilization project has garnered significant attention in the global waste plastic recycling industry, marking it as a pioneering initiative [1][2] Group 1: Project Overview - The project has a substantial scale, processing 200,000 tons of waste plastic annually, and establishes a green chemical industry chain from "waste plastic → recycled chemical raw materials → recycled high-end materials," which is claimed to be the world's first and can be replicated [2] - The project utilizes a "one-step" deep catalytic cracking technology (CPDCC), which converts waste plastics directly into cracking gas, liquefied gas, and light oil, significantly improving yield compared to traditional two-step methods [2] Group 2: Industry Trends - High polymer recycling has become a leading trend in the chemical industry, with major companies in China, including Sinopec, Wanhua Chemical, and others, actively investing in this area [2] - Internationally, Japanese chemical giants are also making significant moves in high polymer recycling, indicating a global shift towards sustainable chemical raw materials [3][4] Group 3: Japanese Chemical Companies' Initiatives - Mitsubishi Chemical has completed a waste plastic chemical recycling facility in Japan with an annual capacity of 20,000 tons, utilizing supercritical water chemical recycling technology [4] - Ube Industries is collaborating with amu Inc. to recover nylon fibers from discarded fishing nets, focusing on sustainable products [5] - Toray Industries has formed the BlueRebirth Committee with several partners to enhance the recycling of materials from end-of-life vehicles [6] Group 4: Technological Developments - The majority of Japanese chemical companies are focusing on chemical recycling technologies, primarily pyrolysis and depolymerization, tailored to their product lines [11] - The supercritical water pyrolysis method employed by Mitsubishi Chemical is noted for its high efficiency and lower carbon emissions compared to traditional pyrolysis methods [12]