Xinhua Finance: Hengyu Environmental Drives Chemical Recycling of Waste Plastics, Establishing International Demonstration Cases

Recently, Xinhua Finance, an authoritative media outlet under Xinhua News Agency, published a report titled "Hengyu Environmental Drives Chemical Recycling of Waste Plastics, Establishing International Demonstration Cases." The report focuses on how Hengyu Environmental has utilized its unique high-end continuous pyrolysis process and equipment—which have been validated by both domestic and international markets—to assist a renowned international group in building an advanced waste plastic chemical recycling project.

The article comprehensively showcases the company's outstanding achievements and benchmark role in promoting the recycling of waste plastic resources and empowering green industrial upgrades. Once published, the report triggered widespread attention from domestic media, with over one hundred outlets, including China Wealth Network, Sina Finance, and Phoenix News, reposting the story.

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Full Text of the Report:

The following is the full text of the Xinhua Finance report:

[Xinhua Enterprise Information] Jinan Hengyu Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Hengyu Environmental") has achieved another significant milestone in deep cooperation with a renowned international group in the field of global waste plastic chemical recycling.

After conducting strict screening on a global scale, comparing domestic and foreign industry peers, and comprehensively evaluating the advancement, maturity, and stability of technical equipment, the international group ultimately selected Hengyu Environmental’s "New Generation Large-scale Industrial Continuous Intelligent Waste Plastic Pyrolysis Technology and Complete Equipment Sets" to invest in and construct a high-end waste plastic chemical recycling plant in Vietnam. Currently, the plant has successfully gone into production and has been running efficiently and continuously for several months, with all pyrolysis product indicators meeting expectations.

The project utilizes plastic waste from industrial production as feedstock. Relying on Hengyu Environmental’s unique proprietary process and equipment, it converts waste plastics into high-quality pyrolysis oil. This pyrolysis oil has been applied in the client's own chemical plants for subsequent processing, realizing a complete chemical recycling closed-loop of "Waste Plastic — New Plastic." This significantly reduces carbon emissions while decreasing reliance on fossil fuels. Currently, preparations for project expansion have been essentially completed, and planning for project replication in other regions is underway.

The innovative model, which fuses Hengyu Environmental’s technical equipment with industrial synergy, provides a verifiable, replicable, and scalable demonstration case for promoting the development of waste plastic chemical recycling. The successful commissioning of this project is another outstanding achievement for Hengyu Environmental in its continued cultivation of the international high-end market, following the BASF plastic chemical recycling project in Denmark.

Currently, a large-scale waste plastic pyrolysis resource utilization project in the UK, utilizing Hengyu Environmental’s advanced technology, is being smoothly implemented. With over 30 years of technical accumulation and engineering practice experience in the pyrolysis field, Hengyu Environmental provided the partner with full-process services covering technical solution design, core equipment manufacturing, and on-site commissioning guidance.

In recent years, plastic chemical recycling has become a hot topic in the global environmental protection sector. Hengyu Environmental’s unique and validated pyrolysis process technology offers an efficient, low-carbon disposal approach for large quantities of low-value mixed waste plastics, receiving significant attention from the international market.

As a standard-setter and industry leader in Chinese pyrolysis technology, Hengyu Environmental consistently adheres to a development route that is high-end, intelligent, and green, aligning with domestic and international market demands. Through continuous iterative innovation, the company has broken through multiple world-class challenges in the industrialization and scaling process of waste plastic chemical recycling, built a comprehensive "Industry-Academia-Research-Application" innovation system, and constructed a wider and deeper technical "moat."

With profound comprehensive strength in pyrolysis technology and independent industry innovation patent achievements, Hengyu Environmental actively participates in the competition within the international high-end equipment market. Currently, Hengyu Environmental’s technology applications cover the entire country and extend to dozens of countries and regions worldwide. Through numerous domestic and international demonstration projects, it has fully verified that the Hengyu Pyrolysis Solution is a revolutionary solution for organic waste resource utilization.

In actual operation, Hengyu Environmental’s advanced technical equipment has demonstrated excellent safety, reliability, and environmental performance, earning high praise from clients and validating the "hard power" of China's high-end environmental protection equipment with tangible operational results.