Innovative Technology Helps Green Plastic Recycling

Recently, according to the Notice of Henan Provincial Science and Technology Department on the Recognition and Construction of Henan Provincial Engineering and Technology Research Center for the Year of 2023, through the procedures of recommendation by the competent departments, evaluation by the experts and public announcement,Henan Pingyuan New Material Technology Co., Ltd.

Henan Engineering and Technology Research Center is an important part of the scientific and technological innovation system of Henan Province, which is an important base for organizing and carrying out engineering research of scientific and technological achievements, accelerating the transformation of scientific and technological achievements and promoting the development of high-tech industry. The successful declaration of "Henan Provincial Engineering and Technology Research Center for High-value Recycling of Recycled Plastics" is not only another significant achievement of Pingyuan in the field of scientific and technological innovation platform construction and cooperation between industry, academia and research, but also highlights Pingyuan's great attention to green scientific and technological innovation and outstanding achievements in the recycled plastics industry, and signifies that Pingyuan's scientific and technological innovation and comprehensive research and development strength have stepped up to a new level.

Pingyuan is a remanufacturing enterprise focusing on the high-value utilization of PCR/PIR recycled plastics, covering the research and development, recycling, production and sales of recycled plastics. The company has long been committed to solving environmental problems, taking the lead in ESG practice in the field of recycled plastics, exploring the potential value of recycled plastics in depth, and actively promoting a green and low-carbon production and lifestyle.

In recent years, the company has continued to increase investment in scientific and technological innovation, working together with top research institutes and universities to carry out forward-looking research. The company has established close cooperation with the Institute of Process Engineering of the Chinese Academy of Sciences and Dalian University of Technology, and set up provincial and municipal engineering technology research centers, of which the laboratory and pilot production line covers an area of more than 2,000 square meters. The company has obtained 1 invention patent and 13 utility model patents, and has formed an industrial system with core independent intellectual property rights. The successful declaration of the engineering center will provide a good platform for further technology incubation and market transformation of Pingyuan.

In September 2020, President Xi Jinping solemnly announced China's ambitious strategic goal of striving to achieve carbon peaking by 2030 and carbon neutrality by 2060 at the general debate of the 75th United Nations General Assembly. "The green recycling economy is an important part of the country's economic development in the future, which provides a good soil for the development of the plastics recycling industry." Senior industry observers point out that China is the world's largest emitter of carbon dioxide, with China's carbon dioxide emissions reaching as high as 1,147,700 tons in 2022. Analyzing the available data, China is the world's largest producer and consumer of plastics, which brings challenges to a sustainable green economy and opportunities for the plastics recycling industry.

Since then, green strategic emerging industries have gradually become important economic growth points. Pingyuan adopts patented technology and advanced equipment to develop high-tech recycling products with high value of recycled plastics to further solve the shackles of high energy consumption and pollution in the plastics industry.

Located in the hinterland of the Central Plains of China, Pingyuan has attached great importance to scientific research since its foundation, fully relying on its comprehensive advantages in brand innovation, technological innovation and industry chain innovation, and focusing on the advantageous products of RPET, RPP and RPE, Pingyuan has continuously explored the customers of Fortune 500 companies and international brands, including South Korea's LG, Hyosung Group, Samsung Electronics, France's Decathlon, etc., and provided recycled plastics recycling solutions for 15 countries and regions, more than 50 foreign trade enterprises and more than 800 factory enterprises in the world.

In the future, Pingyuan will be market-oriented, focusing on solving key technological problems of recycled plastics, carrying out forward-looking innovative researches to fill the technological gaps in the domestic and international recycling industry, and cultivating high-end scientific research teams with the orientation of commercialization of patent achievements. We will strive to build this engineering research center into a comprehensive industrial scientific research and service platform integrating product development, scientific and technological innovation, information exchange, scientific and technological achievement transformation and talent cultivation in the industry in Henan Province and even the whole country, and continue to help China's green and low-carbon economic development.