In recent years, there has been an endless stream of investment, expansion plans, and product releases related to chemical recycling. Polymer companies, consumer goods enterprises, and relevant stakeholders in the plastic recycling industry chain are all responding through internal development and external participation.

On April 7, 2023, the law enforcement personnel of Huanggang Ecological Environment Bureau Huangmei County Branch found during routine inspection that there was a waste plastic particle processing workshop in the original primary school of Huashan Village, 350 meters away from the mountain in the second level protection area of Longping Reservoir drinking water source in Wuzu Town, which was engaged in production and processing activities. The law enforcement personnel quickly carried out the action to ban illegal sewage enterprises.

Recently, global sustainable technology company TOMRA has signed a majority equity agreement with Plastretur, a Norwegian producer responsible for recycling plastic packaging. The two companies will pair up to establish a plastic packaging sorting plant in Norway. The 50 million euro (about 60 billion Norwegian krone) joint venture will split 65% of Tauron and 35% of Platreteur.

On June 14, 2023, the launch ceremony of the Wukong Society was held in Dali, Yunnan. Mr. Zhang Nengdebo, President of Aiertek Co., Ltd. and President of Wukong Society, Mr. Yu Yong, General Manager of Aiertek Society, Mr. Dai Hang, Founder of Wukong Society, Mr. Wang Wang, Executive Vice President of Plastic Recycling Branch of China Synthetic Resin Association, and Mr. Yan Tao, Secretary, Mr. Cheng Song, Director of Liupanshui Pucheng Environmental Protection Technology Co., Ltd., Mr. Sun Hao and Ms. Sun Jinhuan of the World Bank Group, and Ms. Mo Zhuoya, President of Guangdong Gongye Technology Co., Ltd, Ms. Chen Guiying from Hubei Xingsile Environmental Protection Equipment Co., Ltd., Mr. Tao Xuanming, General Manager of the Merger and Investment Department of Hainan Kaiyin Asset Manageme...

With the increasing awareness of environmental protection, recycled polypropylene has attracted much attention as an important material for sustainable development. In recent years, the prices of raw materials have significantly decreased, production capacity has continued to grow, and the reality of a narrow market and low profits has posed great challenges to the recycled polypropylene industry.

On June 12, according to the official WeChat @ Customs of the General Office of the Customs, a batch of 131 tons of Global waste trade was recently returned to the country under the supervision of the old port customs under the jurisdiction of Huangpu Customs.