Fulin Environmental Protection Phase II Put into Production with Total Capacity Exceeding 300,000 Tons; Wankai New Materials & China Resources Materials Granted PET Recycling Patents; Sichuan Offers RMB 5 Million Incentives for Recycling System Development... | ChinaRePET Weekly Report No.26

Author: dong
Published on: 2026-06-30 08:59

Week 26, 2026 (Jun.22 – Jun.28) · 18 Selected Articles

This Week’s Core Takeaways: Virgin PET prices plummeted to 7,580 RMB per ton, sharply narrowing the price gap between virgin and recycled materials, while internal differentiation within recycled PET intensified. Food-grade 3A white flakes maintained firm high prices, whereas fiber-grade varieties faced sustained downward pressure.

Domestically, Wankai New Materials’ patent for α-crystalline form technology and China Resources Materials’ alcoholysis catalyst patent were unveiled on the same day, escalating the technological race for chemical rPET production.
Alarm bells are ringing across Europe’s recycling sector: the industry has lost 1 million tons of processing capacity from 2023 to 2025. With the waste plastic export ban set to take effect in November 2026, the EU is fortifying its domestic circular economy barriers through three approaches: revised customs codes, ELV (End-of-Life Vehicle) regulations, and mandatory recycled content procurement requirements.

📈 Market Trends

1. Virgin PET prices plunged to 7,580 RMB/ton amid stark divergence in recycled PET grades: 3A flakes held firm at high levels while fiber-grade varieties trended down weakly

vergence in recycled PET grades: 3A flakes held firm at high levels while fiber-grade varieties trended down weakly

Virgin PET bottle flakes tumbled from 8,200 RMB/ton on June 22 to a quote of 7,580 RMB/ton at Sanfangxiang on June 24, posting a weekly loss of over 400 RMB. Brent crude oil sank 4.33% to USD 73.74 per barrel on June 24, and PET futures opened nearly 5% lower on June 25, completely eroding cost-side support.
The national average price of recycled PET stood flat month-on-month at 4,475 RMB/ton, with clear internal differentiation. East China hot-washed blue and white fiber-grade flakes traded at 4,700–4,800 RMB/ton on a weak downward track, weighed down by soft bale prices and the off-season for chemical fiber production. Food-grade 3A white flakes maintained strong high prices at roughly 6,625 RMB/ton. The price gap for fiber-grade material narrowed to 2,350–2,450 RMB/ton, while the spread for food-grade material was around 975 RMB/ton.
 

Source: Longzhong Information / 100ppi.com

📜 Domestic Policies & Local Practices

2. Sichuan Released 14 Policy Measures: Up to RMB 5 Million Incentives for Recyclable Resource Recovery System Developmen

On June 23, the Sichuan Provincial Development and Reform Commission issued the Several Policies and Measures of Sichuan Province to Support Green and Low-Carbon Development. Fourteen measures were rolled out, of which the provisions directly related to the rPET industrial chain are as follows:
  • A maximum incentive of RMB 5 million for recyclable resource trading venues;
  • Subsidies of up to RMB 20 million for energy-saving and carbon reduction renovation projects;
  • No less than 1% of industrial land reserved for circular utilization projects;
  • Provincial interest subsidies that cap the annual interest rate of equipment renewal loans at 1.5%, with an annual maximum subsidy of RMB 5 million for a single enterprise.

Source: Sichuan Provincial Development and Reform Commission

3. Guiyang "Two-Room" Model: Integrated Sanitation & Recycling System, Daily PET Processing Capacity of 15 Tons

As reported by Workers' Daily on June 25, Guiyang City has built 3,000 sets of the "Two-Room" facilities across the city since 2023, consisting of domestic waste delivery stations and recyclable waste collection sites to advance the integration of sanitation and recycling networks.The system processes around 15 tons of PET plastic daily, boosting annual revenue by nearly RMB 40 million. This model has been replicated in Xiuwen County of Zunyi and Guandu District of Kunming.

Source: Workers' Daily / Sina Finance

🔬 Technological Innovation

4. Wankai New Materials Granted Patent for α-Crystalline Chemical Recycling Technology; Leading Bottle Flake Producer Accelerates Closed-Loop Chemical rPET Technology Layout

On June 23, Wankai New Materials obtained the authorization of its patent titled "Polyester Chemical Recycling Method Based on Multi-Parameter Crystal Form Regulation" (Patent No. CN121824304B). This technology enables targeted induction to stably generate α-crystalline BHET monomer, a core control point determining the quality of monomers produced via chemical recycling.
With operating revenue of RMB 15.494 billion in 2025, Wankai New Materials ranks first in the bottle-grade PET industry. Over the past six months, the enterprise has rapidly filed more than ten chemical recycling patents, covering a full technical chain from decolorization and purification to crystal form regulation.

Leading bottle-grade PET manufacturers are shifting competition from "capacity expansion races" to "closed-loop technology races".

Source: Sina Finance

5. China Resources Chemical Innovative Materials Discloses Patent for PET Glycolysis Catalyst: Zn-Based Green Catalytic System Generates No Salt-Containing Wastewater

On June 27, China National Intellectual Property Administration (CNIPA) published a patent filed by China Resources Chemical Innovative Materials titled Catalyst for Glycolysis of Waste PET.
The catalyst is synthesized via in-situ reaction of zinc source, urea and auxiliary metal salts (Mg/Mn/Al/Co/Na). The synergistic interaction between urea ligands and Zn-based active sites facilitates the scission of PET molecular chains. This catalytic system features uniform transparency and requires no neutralization after reaction, generating zero salt-containing wastewater. It is applicable to the green and high-efficiency chemical recycling of waste PET.
 

 source: China National Intellectual Property Administration (CNIPA)

6. Denovia Produces High-Purity TPA via Chemical Recycling of Textile Waste Under Mild Conditions of 70–90°C, with Purity Reaching 98.3%

North American enterprise Denovia converts post-consumer textile waste containing impurities such as dyes and coatings into terephthalic acid (TPA) monomer with a purity of 98.3% under mild temperatures of 70–90°C, matching the quality of virgin raw materials.
A single batch conversion takes only 5 to 15 minutes, with a minimum reaction time of just 30 seconds. Its PL-1000 unit can process 1,000 liters of plastic waste per batch, and the investment payback period generally stands at 12 to 15 months.

Source:PlasticsToday

7. Pilot Line Success for Oerlikon Barmag’s 100% Closed-Loop Polyester Carpet Recycling: Carpet-to-Carpet Production Without Virgin Feedstock

Barmag, a subsidiary of Switzerland-based Rieter Group, produces BCF carpet yarns using 100% recycled polyester carpet materials without any virgin polymer throughout the process.

All recycled polyester feedstock is sourced from 100% polyester carpets supplied by Object Carpet. The project has verified the feasibility of a full "carpet-to-carpet" closed-loop recycling system and pre-developed technical solutions in preparation for EU regulations taking effect in 2028.

Source:Textile Today

🏢 Corporate Capacity

8. Far Eastern New Century (FENC) Unveils "Waste Reduction × Green Expansion × Closed Loop" Sustainable Strategic Roadmap, to Further Scale Up Recycled Polyester Capacity

On June 24, Far Eastern New Century (FENC), one of the world’s largest producers of ocean-bound recycled polyester, released its sustainable development roadmap. The group will press ahead with three major initiatives simultaneously: developing cutting-edge green raw materials, innovating eco-friendly products, and expanding recycled polyester production capacity. This move signals that the leading Asian recycled polyester enterprise is shifting its competitive edge from production scale to a full closed-loop ecosystem.

Source: Official website of Far Eastern New Century (FENC)

9. Fulin Environmental Phase II Intelligent Production Line Put into Operation; Total Recycling Capacity for Mixed-Color PET Bale Exceeds 300,000 Tons

On June 22, the Phase II intelligent mixed-color PET bale production line of Fulin Environmental in Huaibei, Anhui, was officially put into operation. Equipped with an intelligent photoelectric sorting system, the line greatly improves the color sorting precision of PET bottle flakes, lifting the company’s total annual capacity above 300,000 tons.
Amid narrowing price margins for recycled PET materials, higher sorting purity at the front-end directly cuts downstream processing costs and boosts product quality competitiveness.

 

Source: China Rubber & Plastics Equipment

10. Countdown to the Commissioning of Chongqing Santai Phase II Project: Total Annual Capacity of PET/PP/PE Reaches 90,000 Tons with Annual Output Value of RMB 500 Million

On June 23, the Phase II project of Santai Environmental New Materials located in Baisha Industrial Park, Jiangjin District, Chongqing entered the countdown stage for commissioning. Once fully operational, it will produce 50,000 tons of plastic pellets, 30,000 tons of crushed flakes and 10,000 tons of plastic products per year. The so-called "Baisha Speed" — completing the whole process from project signing to production launch in roughly one year — is backed by coordinated support between the local government and the enterprise.

Source: Jiangjin Integrated Media

11. Jiangsu Peipu: RMB 1 Billion Revenue in 2025, 10,000-Ton Enzymatic Recycling Line to Reach Stable Operation in 2026

Jiangsu Peipu has built a full industrial chain covering "waste PET bottles – bottle flakes – recycled chips – fibers – fabrics". Its existing annual capacities stand at 250,000 tons of PET bottle flakes, 100,000 tons of recycled chips and 80,000 tons of spinning fiber.
The company recorded operating revenue of approximately RMB 1 billion in 2025, representing a year-on-year increase of over 40%, while total profit rose by 47%. The world’s first industrial recycling production line with an annual output of 10,000 tons adopting biological enzymatic hydrolysis technology will achieve stable commissioning in 2026.
 

Source: Huai'an Release

12. Pact Group Forms Strategic Partnership with UK’s Plan B Circular to Accelerate Textile-to-Textile Polyester Recycling

Australia’s Pact Group has sealed a strategic cooperation deal with UK-based textile-to-textile polyester recycler Plan B Circular.
Plan B Circular’s Project Re:claim operates the UK’s first commercial-scale plant for processing post-consumer polyester textiles. The facility can fully convert textile waste into recycled PET chips, which are then re-spun into yarns. The two parties will also assess opportunities to expand into Asian markets.

Source:Packaging Scotland

🌏 Global Policies & Industry Trends

13. Structural Crisis Hits Europe’s Plastics Recycling Sector: 1 Million Tonnes of Capacity Wiped Out During 2023–2025; Industry Calls for Mandatory Procurement of EU-Made Recycled Plastics

According to the latest report from Recycling Europe, Europe’s plastics recycling sector has lost 1 million tonnes of processing capacity between 2023 and 2025. The temporary relief in Q1 2026 driven by higher crude oil prices amid geopolitical conflicts must not be mistaken for a full industry recovery.
A more pressing challenge lies ahead: starting from 21 November 2026, the EU will ban exports of plastic waste to non-OECD countries.
Recycling Europe has put forward an emergency policy package including the following measures:
  1. Mandatory preferential procurement of recycled plastics manufactured in Europe;
  2. Implementation of mirror clauses for imported plastic recyclates;
  3. Promotion of eco-adjusted fees under Extended Producer Responsibility (EPR) schemes;
  4. Introduction of a reduced green VAT rate for recycled plastics;
  5. Accelerated certification and recognition of end-of-waste criteria.

The EU is simultaneously reinforcing its domestic circular system from three dimensions: recycling capacity, import barriers and demand stimulation.

Source:Recycling Europe / petnology.com

14. Revision of EU Customs TARIC Codes: PET First to Be Incorporated into TARIC; Import Consignments Must Be Attached with Compliance Declarations, Proposal Set for Adoption on 30 September

According to ICIS report dated June 24, the EU is revising Regulation (EU) 2022/1616 on recycled plastics to create standalone TARIC customs codes for recycled plastics. PET has been prioritized for inclusion as it boasts uniquely mature and approved recycling technologies.

All imports must be accompanied by a compliance statement (Declaration P). Goods can only obtain release for free circulation with a valid Declaration of Conformity (DoC); shipments lacking complete documentation will be denied customs clearance. The revised regulation is proposed for formal adoption on September 30.

For domestic rPET exporters, establishing a full-chain DoC documentation system before September 30 has become the most urgent compliance preparation task.

Source: ICIS, report by Matt Tudball

15. New EU ELV Circularity Regulation Adopted: Minimum 25% Recycled Plastic Mandated in New Vehicles Within 10 Years

On June 22, the European Parliament passed the brand-new circularity regulation for motor vehicles with 437 votes in favour. Within six years of the regulation taking effect, new vehicles must contain a minimum of 15% recycled plastics, and the threshold will increase to 25% within ten years. Of this recycled plastic share, at least 20% must derive from closed-loop recycling of end-of-life vehicles.

Following beverage bottles and textile fibres, the automotive sector will become the third major growth market for recycled PET (rPET). Meanwhile, China has initiated the compilation of the Roadmap for the Promotion and Application of Recycled Automotive Materials.

Source: Gasgoo / Yiou Data

16. Nigeria to Mandate 25% Recycled PET Content with Local Sourcing Requirement Starting 2028

Nigeria has officially released its mandatory recycled content policy. Starting January 2028, products shall contain no less than 25% recycled PET (rPET), and the threshold will rise to a minimum of 50% effective January 2030.

A core clause requires all compliant rPET to be sourced from certified local food-grade manufacturers. As Africa’s largest economy with a population exceeding 220 million, Nigeria’s policy is expected to set an example and drive similar regulatory shifts across West Africa.

Source: Petco / Sustainable Packaging MEA

17. U.S. House of Representatives Passes Recycling Bill Incorporating Textile Recycling Provisions

On June 26, the U.S. House Energy and Commerce Committee passed the Recycling Infrastructure and Accessibility Act (H.R.2145). The bill mandates the U.S. Environmental Protection Agency (EPA) to launch a dedicated grant program, marking the first time textile recycling has been incorporated into the national recycling infrastructure upgrade framework.

Source: millermeeks.house

18. Curaçao Halts Exports of Colored PET Bottles; Clear Packaging Emerges as New Circular Plastic Trend

Green Force, a waste management service provider based in the Caribbean island nation of Curaçao, announced it will no longer accept colored PET bottles. CBBC facilitated the export of the last batch consisting of approximately 72,900 colored PET bottles.

PET bottles locally manufactured by CBBC already contain 50% recycled PET (rPET). The Coca-Cola Company has switched Sprite’s green bottles to clear bodies. Globally, clear PET is replacing colored PET due to superior recycling economics of transparent resin.

Source: New Horizons of Recycled PET

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This article is sourced from the WeChat Official Account: New Horizons of Recycled PET

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