【DT新材料】 获悉， 8月12日，绿色循环包装企业 上海乐橘科技有限公司 宣布完成B++轮融资， 由中国石油集团旗下昆仑资本独家投资。此前公司已经获得 中国石化 、 万华化学、 京博石化 和 高 瓴创投 等机构投资。 资料显示， 乐橘科技 成立于2018年， 是国内化工品共享循环包装领域的龙头企业， 深 耕于回收再 生、循环物流、智能设备三大业务板块。本次融资资金将重点扩大智能循环包装资产规模，加强循环 材料研发与规模化应用以及加大AI方向投资，聚焦感知技术研发，构建工业无人车及物流无人化方 案研发，配套智能装备机器人。 除此之外，8月11日， 宜家（IKEA） 母公司 英格卡（Ingka）集团 也宣布，其已对中国塑料包装废 弃物回收再利用企业 上海睿莫环保新材料有限公司 （睿莫环保）进行成长型投资，这也是该集团在 循环领域投资的第一家中国企业，并且 公司投资部门曾宣称未来将新增10亿美元的投资，并重点聚 焦回收技术以及供应回收材料的公司。 资料显示， 睿莫环保 成立于 2015年12月 ，主要业务是塑料再生环保领域的技术开发和提供环保 再生塑料解决方案，产品主要包括了R-PP、R-PE、R-PS和R-AB ...

Core Insights - Ingka Investments, part of the Ingka Group, announced a growth investment in Shanghai Ruimo Environmental New Materials Co., Ltd., a Chinese plastic waste recycling company focused on high-quality plastic recycling [1][3] - Ruimo Environmental specializes in converting waste plastics into high transparency recycled polypropylene (r-PP), which can be used in the production of new products [1][3] Company Overview - Ruimo Environmental is dedicated to developing technologies in the plastic recycling sector, addressing challenges such as contamination from food residues and labels, quality degradation after multiple recycling cycles, high recycling costs, and fluctuating demand for recycled plastics [3] - The company is recognized in the Chinese market for its high-quality recycled polypropylene and collaborates with value chain partners to create high-quality closed-loop solutions [3][4] - Ruimo is one of the few global suppliers capable of scaling the production of high transparency recycled pellets from food packaging waste, with applications in home storage, tableware, toys, personal care packaging, and textile products [3] Investment Implications - The investment by Ingka Group aligns with its commitment to sustainable development and promoting the circular economy, marking its first investment in the Chinese market [3][6] - Lukas Visser, head of circular investments at Ingka Group, emphasized the potential to expand Ruimo's influence in the local recycling market and contribute to solving global plastic waste issues [4] - The investment will enhance Ruimo's recycling capacity and facilitate the development of new products, supporting the transition to a circular economy in the plastic sector [8]

Core Viewpoint - The article highlights a new model for marine plastic waste management in Taizhou, Zhejiang, where ocean garbage is transformed into consumer products, promoting a "blue circular" economy [1] Group 1: Marine Waste Management - Local government and enterprises encourage fishermen and plastic sorters to collect marine garbage such as plastic bottles and fishing nets for recycling [1] - Recovered materials are processed into plastic pellets, which are then used in various industries including electronics and textiles [1] Group 2: Economic and Environmental Impact - The profits generated from the sale of products made from recycled materials are reinvested into the waste collection system, creating a sustainable cycle [1] - The initiative involves collaboration between government, enterprises, industry, and public participation, showcasing a comprehensive approach to environmental sustainability [1]

Core Viewpoint - The uncertainty in EU regulations regarding bio-based naphtha and pyrolysis oil is suppressing demand in the petrochemical industry, hindering investments, and causing price differentiation based on end-use applications [2][6]. Regulatory Impact - The lack of clear and unified regulations from the EU is leading to decreased procurement interest in bio-based naphtha and pyrolysis oil from 2024 to 2025, complicating financing for new projects and infrastructure [2][3]. - The quality balance accounting rules significantly affect the potential profitability of bio-based naphtha and pyrolysis oil, with unclear regulations making investment returns unpredictable [2][4]. Legislative Developments - The EU Commission is required to assess the technological development and environmental performance of bio-based plastic packaging within three years of the PPWR regulation coming into effect, potentially setting usage targets for bio-based materials [3][4]. - The legal positioning of pyrolysis oil remains uncertain due to the Waste Framework Directive, which complicates its classification as a recyclable material [3][4]. Industry Dynamics - There are differing opinions on the recycling content targets, with the EU Council proposing phased targets for new vehicles, while the European Parliament suggests higher initial targets [4]. - The recognition of quality balance accounting is crucial for the chemical recycling sector to be included in recycling content thresholds, impacting the entire industry's profitability and competitiveness [4][5]. Market Outlook - The regulations will be key drivers for the future demand and investment in pyrolysis oil and bio-based naphtha, with earlier clarity from the EU potentially accelerating their scale development [6].

Core Viewpoint - The successful trial production of the 200,000 tons/year mixed waste plastic resource utilization project by Huicheng Environmental Protection has garnered significant market attention, despite the company's declining financial performance in recent quarters [1][2]. Group 1: Project Overview - Huicheng Environmental Protection's project is a chemical recycling initiative under its subsidiary Dongyue Chemical, focusing on the conversion of mixed waste plastics into high-value chemical raw materials [2][3]. - The project utilizes a proprietary technology called deep catalytic cracking of mixed waste plastics (CPDCC), achieving a product yield of over 92%, which is significantly higher than the industry average of 60%-80% [3][4]. Group 2: Financial Performance - Despite the stock price soaring over 150% in the past year, the company's net profit has been declining, with expectations of losses starting from Q4 2024 [1][8]. - As of July 11, the company's market capitalization reached 48.035 billion yuan, with static and rolling P/E ratios of 1,127 times and 3,490 times, respectively [8]. Group 3: Market Context and Competition - Huicheng Environmental Protection is not the only player in the mixed plastic recycling sector; other companies like BASF and Eastman are also developing similar technologies, albeit through different methods [4]. - The company faces challenges in operational efficiency and economic viability once the project begins full-scale operations, as the availability and quality of waste plastic feedstock will significantly impact performance [5][6]. Group 4: Policy and Support - The company may benefit from government policies aimed at promoting waste recycling and resource utilization, as seen in Guangdong's recent initiatives to develop a comprehensive waste recycling system [7]. Group 5: Shareholder Concerns - There is a notable concern regarding the high level of share pledges by the controlling shareholders, with 32.4655 million shares pledged, accounting for 17.48% of the total share capital [9].

Core Viewpoint - The article discusses an innovative method for chemically recycling mixed plastic waste into valuable chemical products, addressing the environmental challenges posed by plastic waste [2][3]. Group 1: Research Overview - The research, published in Nature, presents a strategy to convert eight common types of plastic waste into their original chemical components or other valuable compounds [3][10]. - The method focuses on identifying functional groups in mixed plastic waste to facilitate the separation and conversion of these materials into useful products [5][8]. Group 2: Methodology - The research team developed a solid-state NMR method to accurately identify the types of plastics present in the mixed waste, which is crucial for the subsequent processing steps [5][6]. - By using selective solvents, the team was able to dissolve and separate specific plastics from the mixed waste, followed by catalytic processes to convert these plastics into valuable products [6][7]. Group 3: Results and Innovations - The study successfully demonstrated the feasibility of the proposed strategy using a real-life plastic mixture, yielding various chemical substances such as benzoic acid, plasticizers, and hydrocarbons [7][8]. - The key innovation lies in the universal strategy designed to tackle the challenge of chemical recycling of mixed plastics, allowing for adjustments in chemical steps based on the initial identification of major components [8][10].

Core Insights - The average annual consumption of PET beverage packaging in China from 2021 to 2023 is approximately 4.48 million tons, with a recycling rate of 96.48% [1][2] - The demand for bottle-grade PET has surged globally, increasing from 19.34 million tons in 2014 to 32.93 million tons in 2022 [2] - The latest research indicates a significant improvement in PET beverage packaging recycling rates, rising from over 94% in 2020 to 96.48% [2][5] Recycling Rate and Methodology - The study conducted by the Chinese Academy of Environmental Sciences is the largest of its kind, covering 31 provincial-level administrative regions and involving a total area of 58,602.57 square kilometers [2] - The research utilized a dual-line accounting method (both forward and reverse) to accurately assess the recycling situation, with the actual recycling rate estimated between 96.86% and 97.63% [3] Waste Management and Environmental Impact - Unrecycled PET beverage packaging primarily ends up in kitchen waste treatment plants, landfills, and incineration facilities, with incineration being the largest outlet for lost PET [3] - Over 4.3 million tons of beverage bottles are recycled through formal channels each year, contributing positively to environmental sustainability [3] Industry Collaboration and Policy Impact - The increase in recycling rates is attributed to multiple factors, including the ban on imported waste, improved waste classification, and the establishment of standards for plastic waste [5] - The Chinese Beverage Industry Association emphasizes the importance of consumer participation in recycling efforts, advocating for proper disposal practices [6]