Core Insights - The Circular Economy Industry Innovation and Development Conference was held in Fengcheng, Jiangxi Province, focusing on the theme "Circular Empowerment, Innovative Symbiosis" and attracting over 200 representatives from various sectors to discuss the development of the circular economy [1] Group 1: Circular Economy Development - Fengcheng has transformed into a national-level green industry demonstration base, with a total output value of the circular economy industry reaching 56.85 billion yuan in 2024 [2] - The industrial cluster in Fengcheng focuses on recycled copper, recycled aluminum, and recycled plastics, with recycled waste copper accounting for about 12% and recycled waste aluminum for about 7.3% of the national total [2] Group 2: Environmental Impact - The implementation of a closed-loop system for resources in Fengcheng has led to significant industrial upgrades and a reduction of carbon emissions by 11.76 million tons in 2024 through the utilization of recycled copper and aluminum [3] Group 3: Strategic Goals - The "Blue Book on the High-Quality Development of Circular Economy in Fengcheng, Jiangxi" was released, outlining the development logic and practical experiences of Fengcheng, with the goal of establishing a "national green supply chain hub" [4][5]

Core Insights - Campine NV has completed the acquisition of Ecobat's French subsidiaries, enhancing its leadership in Europe's circular economy [1] - The acquisition includes two battery recycling plants and one semi-finished lead products factory, adding 70,000 tons of annual battery recycling capacity [2] - The acquired assets generated approximately €100 million in revenue in 2024, with a final purchase price expected to be around €14 million [3] Strategic Growth in France - The acquisition marks a significant step in Campine's European expansion, with five plants now operating in France [4] - The company anticipates realizing operational synergies quickly and strengthening its regional supply chain [4] - Plans are in place to adapt the furnaces to Campine's proprietary technology for recovering additional metals, aligning with its multi-material recycling strategy [4] Benefits Across Campine's Businesses - The acquisition will bolster Campine's recycled plastics business unit, as the Ecobat plants produce around 3,000 tons of polypropylene waste annually from battery casings [5] Exclusions from the Deal - The transaction does not include Ecobat's Li-ion collection activities or its new lead-acid battery sales and distribution in France [6]