On the evening of September 2, National Science and technology disclosed the plan of issuing shares to specific objects, and proposed to raise no more than 282 million yuan from no more than 35 (including) specific investors for the construction project of biodegradable materials and products industrialization, the research and development project of biodegradable materials and supplementary working capital.


According to national science and technology, the fixed increase and raised investment project belongs to the industry strongly supported by national policies, and has great market demand potential. It will help the company to improve the technological innovation level of biodegradable materials, enhance the core competitiveness of the company in the industry, and further improve the profitability of the company.


Commercial expansion of production and innovative R & D are simultaneously carried out, and it is proposed to raise 282 million yuan to increase the degradable plastics business


In recent years, the state has paid more and more attention to the environmental protection industry. With the promulgation and implementation of the strictest "plastic restriction order" in history, there is a huge amount of alternative space in the field of biodegradable plastics. It is reported that the main business of national science and technology includes R & D, production and sales of low-carbon environmental friendly polymer materials and products as the core business. With the R & D and production experience accumulated in the field of low-carbon and environmental protection new materials for many years, National Science and technology has more than 20 invention patents, more than 8000 technical formulas for environmental protection new materials, and many products have won the title of provincial and municipal high-tech products. In the field of degradable plastics, National Science and technology has mastered the formulation technology and process technology of biodegradable plastic materials and products, and has realized small batch mass production of biodegradable plastic products. The company's biodegradable materials such as PBS, PLA and PBAT have passed the total migration test of SGS in the first half of 2021, and the biodegradable blowing materials such as PBAT and PLA have passed the test of the analysis and testing center. The test results all meet the requirements of "the biodegradation rate should be greater than or equal to 60%" in the definition, classification, marking and degradability requirements of degradable plastics (GB / t20197-2006).


Insiders said that the "double carbon goal" has become the consensus of domestic economic development, and the implementation of the "plastic limit order" policy will increase in the future. As one of the most widely used biodegradable plastics, biodegradable plastics have the advantages of low-carbon and environmental protection. The market space and industrial scale will continue to expand, and the development potential is huge. According to the fixed increment plan, National Science and technology will promote the industrial construction of biodegradable materials and products, and the production capacity of degradable plastic products is expected to reach 10000 tons. With the investment of the raised funds, it will provide strong financial support for national science and technology's degradable materials and products projects and R & D, strengthen the company's core competitiveness, and fully enhance the company's future profitability.


Backed by the environmental protection industry chain, focus on degradable plastic vents, and start the journey of 100 billion blue ocean market


China's degradable plastics market started as early as 2012, but due to the sluggish market demand in the early stage, the high cost of raw materials and limited production capacity, the overall development of the industry was slow, and some enterprises that entered the market earlier were even forced to transform due to the long-term shortage of orders. At the beginning of 2020, the national development and Reform Commission and the Ministry of ecological environment issued the opinions on Further Strengthening the treatment of plastic pollution, which proposed that the use of traditional plastics should be banned and restricted by industries and regions, and that the promotion of degradable plastics, paper packaging and other plastic substitutes should be accelerated. As an alternative to traditional plastics, the market for degradable plastics has grown by a large margin, and orders have soared.


According to the report of grand view research, a leading research institution in the United States, China's plastic packaging market size was 54.1 billion US dollars in 2019. It is estimated that by 2025, China's plastic packaging market size will reach 69.8 billion US dollars. According to the replacement rate of degradable plastics of 30%, it is estimated that China's degradable plastics market size will be about 20.9 billion US dollars in 2025. In addition, according to the calculation of Tianfeng securities, with the implementation of relevant national policies, the demand for degradable plastics in the four fields of takeout, express delivery, agricultural film and packaging bags will reach 3.265 million tons in 2025. Compared with the market demand of 95000 tons in 2019, the average annual growth rate is 79.96%, and the market value will reach 100 billion yuan.