2023 On June 13, 2023, Shandong Ruifeng Polymer Materials Co., Ltd. (Ruifeng Gaocai, 300243 SZ) announced that the PBAT project with an annual output of 60,000 tons will be postponed to December 31, 2023 built. There are two specific reasons for the announcement display, one is limited by external factors such as material procurement, logistics transportation, and personnel construction, and the other is the need for adjustment and upgrading of equipment and processes. Previously, the project had already experienced two extensions in 2021 and 2022.
Coincidentally, at the end of 2022, Zhejiang Liansheng Chemical Co., Ltd. also announced that, The newly-built projects (Phase 1) such as ultra-pure electronic chemicals and biodegradable new materials, which are fundraising projects, will be postponed for 2 years to 2025. The project includes an annual output of 30,000 tons of NMP, 24,000 tons of PBAT, 3,000 tons of PBS, 03,000 tons of PBT, etc. On June 7, the global lactic acid giant Corbion announced that it would stop the construction of its 100,000-ton polylactic acid (PLA) project in Grandpuits, France. This is another degradable plastic project that has been suspended recently.
2022 On April 29, 2022, the Ministry of Science and Technology of China issued a notice on the release of the 2022 annual project application guidelines for key special projects such as the National Key R&D Program “Green Biomanufacturing”. The notice emphasizes that the research and development of sugarcane bagasse PLA and bio-based PBAT will be the focus. With the catalysis of the gradual upgrade of the plastic restriction order, degradable plastics have gradually attracted people’s attention. After 2021, the planned production capacity of PBAT will blow out, and a large number of enterprises have applied for PBAT projects. Now that the heat is waning, concerns about the actual benefits of PBAT are gradually increasing. According to the research data released by the China Biodiversity Conservation and Green Development Foundation, in the seawater environment, whether it is PBAT, PLA or PCL, the degradation rate and ratio are very low, which is difficult to achieve in the gastric juice of marine organisms represented by sea turtles. Degradation requirements. Although biodegradable plastics have some advantages in terms of agricultural films, according to the current market conditions, experts suggest that it may not be advisable to blindly promote it, and manufacturers are becoming more cautious in their investment.