On January 17th, Dawn Polymer announced that it plans to invest in the construction of a 120,000 tons/year biodegradable plastic (PBAT) project including the production equipment construction of 60,000 tons/year continuous polymerization in the first phase. On January 16th, Dawn and China Textile Academy reached strategic cooperation on this project. It means that Dawn will complete the overall industrial chain layout of biodegradable plastics, and establish a leading advantage in the coming era of biodegradable plastics.

According to Tian Hongchi, general manager of Dawn Polymer said, China is a major country in the global production and use of plastics, accounting for 25% of the world's plastic production and use. So, it is very urgent to solve the "white pollution" problem of disposable plastic products. In 2020, "the process of banning and restricting plastics will be accelerated in an all-around way" has become one of the top ten news in the petrochemical industry. The topic of banning and restricting plastics has been on hot searches many times, and China has successively introduced measures to ban (restrict) plastics. At present, the development of biodegradable plastics has gradually attracted the attention of the country and society. "Biodegradable plastic products not only have good ductility, elongation at break, heat resistance, and impact resistance, but also have excellent biodegradability. It is one of the best degradable materials currently used."

As a nationally recognized high-tech enterprise, Dawn polymer is the first domestic A-share listed company specialized in the R&D, production, sales and services of thermoplastic elastomers, hydrogenated nitrile rubber, modified plastics, functional masterbatches, biodegradable plastics and other products. At the beginning of the national plastic restriction policy incubation, Dawn polymer actively carried out the technology R&D and business layout of biodegradable plastics. Through continuous innovation and development, it has completed technology and product accumulation in the field of biodegradable plastics, and is ready to start out” After the project achieves the designed production capacity, it will help to optimize the product structure, enhance the overall strength of Dawn, and make a positive contribution to the termination and elimination of plastic pollution." Tian Hongchi said.

China Textile Academy is an important central enterprise engaged in comprehensive scientific research & development and high-tech industrialization in the domestic textile industry. As the earliest domestic research institute engaged in the R&D of biodegradable polyester engineering technology and key equipment, it has high-quality resources in the research and development, design, manufacturing, standards, testing, and certification of biodegradable plastics and new fibers. Li Xin, Secretary of the Party Committee and Deputy Dean of the China Textile Academy, said, “Biodegradable plastics are in line with the new concept of green development. Dawn has significant industry advantages in the polymer materials industry. Entering into the field of biodegradable plastics is of great significance to Dawn and the industry.”

"Biodegradable plastics are the golden key to the development of low-carbon economy and the inevitable trend of development in the plastics industry. The entry into the field of biodegradable plastics is an important measure to achieve the strategic goal of the "14th Five-Year Plan"." Yu Xiaoning, Chairman of Dawn Polymer, said that the project is conducive to both parties to give full play to their respective advantages, strengthen resource sharing and achieve complementary advantages. It will provide technical support for the company's product upgrading, industrial chain extension and market promotion in the field of biodegradable plastics, actively promote the company's overall business development and performance improvement, and contribute to the high-quality development of biodegradable plastics industry in China.