China's biodegradable materials field development space, is a blue ocean to be developed.

By the end of this year, all prefecture-level cities will promote biodegradable plastics

In recent years, across the country, the introduction of the "plastic ban" of the relevant laws and regulations measures to control the "white pollution". "White pollution", the protection of the environment can not be delayed, biodegradable materials industry has also embarked on a rapid development of the fast lane.

According to the "Opinions on Further Strengthening the Treatment of Plastic Pollution" issued by the National Development and Reform Commission and the Ministry of Ecology and Environment in 2020, non-degradable plastic products will be prohibited from being used in stores, pharmacies, restaurants, express delivery service and other places in the built-up areas of cities above the prefectural level and the built-up areas of counties in the coastal areas nationwide by the end of this year; that is to say, biodegradable plastic will be promoted in all prefectural-level cities nationwide by the end of this year. All prefecture-level cities across the country to promote.

Global share of biodegradable plastics is expected to increase dramatically

Plastics, since its inception, has been widely used in various fields of the national economy, such as the packaging industry and disposable products industry, which has brought great convenience to the production and life of human beings. However, its huge amount of use and disposal has led to increasingly serious environmental pollution - "white pollution", including river pollution, agricultural film pollution and marine plastic pollution.

On June 1 this year, the two recommended national standards of "Biodegradable Plastics and Products Degradation Performance and Labeling Requirements" and "Biodegradable Drinking Straws" were formally implemented, which means that the promotion and application of biodegradable materials and products have been greatly accelerated.

At present, the global production capacity of biodegradable materials is about 1.5 million tons, and China's production capacity is now about 800,000 tons, which has accounted for more than half. Global annual use of up to 5 trillion plastic bags. 2020 global plastic production of nearly 400 million tons, biodegradable plastics global production of only 1.227 million tons, accounting for only 0.3% of the total plastic.

Merchants Securities believes that, according to forecasts, by the end of 2022, the new demand for biodegradable plastics is expected to reach 2.27 million tons. By 2025, the new demand for degradable plastics is expected to exceed 4 million tons, the future space is very broad.

Data released by GrandViewResearch shows that in 2019, China's plastic packaging market size of 54.1 billion U.S. dollars; is expected to reach 69.8 billion U.S. dollars by 2025, China's plastic packaging market size. Calculated according to the replacement rate of degradable plastics is 30%,it is expected that in 2025, China's degradable plastics market size is about 20.9 billion U.S. dollars.

Multiple companies actively enter the degradable plastics

October 9 evening, Changhong Hi-Tech announced that the company intends to invest 11.2 billion yuan to promote the layout of the degradable industry chain in Qingyang, Gansu Province, that is, 600,000 tons/year of BDO (1,4- BDO (1,4-butanediol) project, 300,000 tons / year PBAT (fully biodegradable plastics) project. In addition, under the impetus of the policy, this year, including Junzheng Group, Huayang New Material and many other companies have announced their entry into the degradable plastics industry.

Securities Times - Data Treasure statistics, the A stock market layout of degradable plastics more than 20 companies. As of the close of business on October 21, these conceptual stocks have fallen an average of 18.11% this year; Meridian new materials, Daoyuan shares, Merry new materials, Changhong Gaoke, Guone shares, Jin Sheng new materials 6 shares rose against the market. From the valuation level, nearly half of the stock rolling price-earnings ratio of less than 30 times, Hengli Petrochemical, Junzheng Group Price-earnings ratio are less than 10 times.

Currently at the peak of the three-quarter disclosure period, Meridian new material, Yu Xin shares, three houses have disclosed results forecast, and net profit is expected to increase significantly. Among them United States net profit growth rate is the highest, is expected in the first three quarters of net profit of 230 million yuan to 270 million yuan, an increase of 13.54 times to 16.07 times.

Mailian New Material is one of the few domestic enterprises that can simultaneously mass produce white, black and color masterbatches and functional masterbatches; the company's biodegradable masterbatches are used in the production of biodegradable plastic products, and there are plans to promote the application of polylactic acid (PLA) in biodegradable plastics.

Hengli Petrochemical half-yearly report disclosed that the company has 450,000 tons of biodegradable plastics project in Dalian Changxing Island has completed the preliminary infrastructure, is in accordance with the production line debugging, is expected to be put into production in the third quarter.

COFCO Science and Technology 30,000 tons/year of propylene glycol ester project successfully introduced strategic investors and has begun construction, in more than 30 years of corn processing industry operations and decades of PLA biodegradable raw materials and products based on the processing of the company will realize the whole industry chain of biodegradable materials processing, after the core products of propylene glycol ester.

Yuxin is currently carrying out the first phase of the comprehensive utilization of light hydrocarbons project, the main products include BDO, DMS, PTMEG and PBS, etc., which can be used as engineering plastics, high-end coatings, degradable materials, solvents and detergents in the electronics industry and other industries as the basic materials, while in the field of new materials, new energy and degradable plastics have a very wide range of applications. At the same time in the field of new materials, new energy and degradable plastics have a very wide range of applications.

Jindan Science and Technology with an annual output of 178,000 tons of lactic acid and a series of production capacity of the leading position in the domestic industry. Lactic acid through the polycondensation reaction to generate poly(lactic acid) (PLA) as a new environmentally friendly and green bio-based biodegradable materials that emerged in recent years, widely used in textiles, plastics, packaging, agricultural film, modern medicine, 3D printing and other fields.