Gelonghui November 8th 丨Some investors asked 688087.SH on the investor interactive platform, “The European Union requires member states to add 25% of recycled plastic to PET bottles by 2025. That point is coming soon. Does the company have a corresponding production capacity layout?”
The company said that in order to seize the EU's mandatory addition of food-grade recycled PET, the company has built a PET recycling capacity of 50,000 tons/year, and the capacity utilization rate has climbed to about 60%. The company has a recycling capacity of 100,000 tons/year of PET under construction, and is expected to reach a usable state by 2025. Related products enable bottle-to-bottle food-grade applications.
