Core Insights - Recon Technology Ltd. has successfully topped out the main manufacturing plant for its 40,000-ton-per-year waste plastic chemical recycling project, marking a significant milestone in the project's construction [1] - The project is expected to be fully completed by November 2025, with trial operations commencing in December 2025 [1] - The project will produce 30,000 tons of plastic pyrolysis oil and 6,000 tons of carbon residue annually, generating an estimated $30 million in annual returns [2] Project Details - The Recon Plastic Chemical Recycling Project covers approximately 50 acres and includes six pyrolysis units, two distillation units, and environmental protection facilities [2] - The project utilizes a dual-process approach combining catalytic pyrolysis and catalytic reforming, addressing technical challenges in traditional processes [4] - The primary raw material for the project is membrane film-type waste plastic, which is difficult to process using physical recycling methods [4] Strategic Partnerships - Recon is engaged in discussions with multinational chemical giants and leading domestic chemical companies, having signed product purchase intent and strategic cooperation agreements [3] Management Vision - The CEO of Recon emphasized the importance of the project in advancing the industrialization of the plastic chemical recycling industry and aims to transform the Shandong plant into a globally leading benchmark facility [5] - The company is focused on ensuring smooth commissioning and stable production of products that meet stringent standards during 2025 [5] Technological Advancements - The project implements full-process digital management to build a low-carbon smart factory, improving operational efficiency and environmental performance [6] - The project aims to effectively utilize various low-value waste plastics, contributing to solutions for "white pollution" and promoting a circular economy [6]