Qingdao Huicheng Environmental Technology¡¯s Waste Plastic Resource Utilization Project Put into Trial Production
2025-7-15
On July 11th, Qingdao Huicheng Environmental Technology Co., Ltd. announced that the company¡äs holding subsidiary Guangdong Dongyue Chemical Technology Co., Ltd.¡äs 200,000 tons/year mixed waste plastic resource comprehensive utilization demonstration project has completed the construction of the factory building, installation and commissioning of machinery and equipment, and trial operation of the production line. As the trial production has been successful, the equipment is running smoothly.
The project began in June 2023, when Huicheng Environmental Protection signed an investment agreement with the Management Committee of Jieyang Danahai Petrochemical Industrial Zone to develop a 200,000 ton/year mixed waste plastic resource comprehensive utilization demonstration project in Jieyang Danahai Petrochemical Industrial Zone. The total planned investment for the project was 1.199 billion yuan. In April 2025, Huicheng Environmental Protection announced that, based on the actual development needs of the project, the company¡äs controlling subsidiary Dongyue Chemical would sign an agreement and increase capital by 301 million yuan to the project. As of now, the total investment of the project exceeds 1.5 billion yuan.
According to Huicheng Environmental Protection, the successful trial production of the 200,000 tons/year mixed waste plastic resource utilization demonstration project of Dongyue Chemical is expected to produce high value-added chemical raw materials. The company has realized the green chemical industry chain from "waste plastics ¡ú recycled chemical raw materials ¡ú recycled high-end materials", and will further achieve the replication and promotion of the project.
Prior to this, the company had already attached great importance to the returns brought by this investment. Ensuring the smooth operation of the project and producing qualified products is the top priority for the company in 2025. After the project is completed and put into operation, it will become a new profit growth point for the company. From an economic perspective, the expected annual output value of the first phase of the project is 1.243 billion yuan, with an annual tax payment of 265 million yuan. By expanding production capacity and building bases, it is expected to cover a wider area and achieve higher economic benefits in the future.
The company profile
Established in 2006 with a registered capital of 196 million yuan, Qingdao Huicheng Environmental Technology was successfully listed on the A-share market in 2019. It is an environmentally friendly high-tech enterprise specializing in the treatment and disposal of industrial "three wastes" and the effective recycling and reuse of waste. Its main business is about solid waste treatment and disposal services, with a business model of "waste catalyst treatment and disposal+waste catalyst resource production and reuse+resource catalyst sales". The company mainly provides catalyst products for refining producers and carries out harmless treatment of waste catalysts generated from refining.
The project began in June 2023, when Huicheng Environmental Protection signed an investment agreement with the Management Committee of Jieyang Danahai Petrochemical Industrial Zone to develop a 200,000 ton/year mixed waste plastic resource comprehensive utilization demonstration project in Jieyang Danahai Petrochemical Industrial Zone. The total planned investment for the project was 1.199 billion yuan. In April 2025, Huicheng Environmental Protection announced that, based on the actual development needs of the project, the company¡äs controlling subsidiary Dongyue Chemical would sign an agreement and increase capital by 301 million yuan to the project. As of now, the total investment of the project exceeds 1.5 billion yuan.
According to Huicheng Environmental Protection, the successful trial production of the 200,000 tons/year mixed waste plastic resource utilization demonstration project of Dongyue Chemical is expected to produce high value-added chemical raw materials. The company has realized the green chemical industry chain from "waste plastics ¡ú recycled chemical raw materials ¡ú recycled high-end materials", and will further achieve the replication and promotion of the project.
Prior to this, the company had already attached great importance to the returns brought by this investment. Ensuring the smooth operation of the project and producing qualified products is the top priority for the company in 2025. After the project is completed and put into operation, it will become a new profit growth point for the company. From an economic perspective, the expected annual output value of the first phase of the project is 1.243 billion yuan, with an annual tax payment of 265 million yuan. By expanding production capacity and building bases, it is expected to cover a wider area and achieve higher economic benefits in the future.
The company profile
Established in 2006 with a registered capital of 196 million yuan, Qingdao Huicheng Environmental Technology was successfully listed on the A-share market in 2019. It is an environmentally friendly high-tech enterprise specializing in the treatment and disposal of industrial "three wastes" and the effective recycling and reuse of waste. Its main business is about solid waste treatment and disposal services, with a business model of "waste catalyst treatment and disposal+waste catalyst resource production and reuse+resource catalyst sales". The company mainly provides catalyst products for refining producers and carries out harmless treatment of waste catalysts generated from refining.