International oil prices swing wildly! huicheng environmental protection’s 200,000-ton facility successfully passes trial run—where does the industry chain confidence come from?

At the beginning of 2026, the ongoing conflict between the US and Iran led to disruptions in the navigation of the Strait of Hormuz, causing intense fluctuations in international oil prices. This situation has pushed global energy security and the stability of the petrochemical industry chain to the forefront. As a core raw material for the plastics industry, the drastic fluctuations in oil prices directly impact the cost and supply stability of the petrochemical industry chain. Meanwhile, the recycling and utilization of waste plastics can effectively replace the use of oil in the production of chemical raw materials. This not only addresses the issue of waste plastic disposal but also becomes an important approach to stabilizing the volatility of raw material prices.

Zhuan Su Shi Jie noted that on March 5, 2026, Huicheng Environmental Protection disclosed on its investor relations platform that its 200,000-ton-per-year industrial pilot plant for comprehensive resource utilization of mixed waste plastics had successfully completed performance verification and passed the on-site performance assessment. 3Mid-month official start of construction。

Photo source: Huicheng Environmental Protection

I. From 20Starting from ten thousand tons, achieving efficient and high-value recycling of waste plastics

In recent years, the treatment and resource recovery of waste plastics have been critical issues in the environmental protection field.

Traditional plastic mechanical recycling requires meticulous sorting, cleaning, and pelletizing; mixed or contaminated materials are difficult to utilize, resulting in low-end products. Conventional thermal pyrolysis processes involve complex, multi-step reactions, high energy consumption, and high impurity levels; in industrial plants, the actual effective product yield typically ranges from 60% to 80%, making stable industrial-scale operation challenging. Huicheng Environmental ProtectionCPDCCOne-step methodThe technological advancement is significant:No sorting required, no preprocessing neededIt can directly process various low-value mixed plastic wastes, with extremely strong adaptability to raw materials; adoptingOne-step deep catalytic crackingShort process, stable operation, truly meeting the requirements of industrial continuous production; after the device is rated and tested,Effective hydrocarbon product yield exceeds92%, far exceeding the traditional industry levels, the product is a high-value-added chemical raw material that can be directly connected to the petrochemical industry chain.

To sum it up, the core advantage of this technology lies inOne-step direct pyrolysis of mixed waste plasticsIt significantly outperforms traditional industry processes, fundamentally solving the industry's pain points of difficult utilization of waste materials, high recycling costs, and low conversion rates, achieving efficient and high-value recycling of waste plastics.

Source: Hui Cheng Environmental Protection

II. 1kilograms of waste plastic replace 3Kilograms of crude oil! CPDCCOne-step technology directly reduces energy dependence.

Moreover, Huicheng Environmental's technology route has somewhat reduced the plastic industry's reliance on crude oil.

For the plastics industry, this means:Raw material sources from“Dependent on oil extractionTurn to “Urban Mining and RecyclingThe resilience of the industrial chain has significantly improved, possessing a stronger ability to hedge against costs during periods of geopolitical conflicts and oil price surges.

It is worth noting that the technology belongs to Hui Cheng Environmental Protection.Fully independently developed, with proprietary catalysts, reactors, and process patents, is one of the few companies globally to achieveHundreds of tons pilot scale→10,000-ton demonstration→20Ten-thousand-ton scale industrializationContinuously connected technology roadmap.

III. Huicheng Environmental Protection 20Ten-thousand-ton waste plastic chemical recycling facility is about to be promoted on a large scale

Source: Huicheng Environmental Protection

Huisheng Environmental Protection this set20ten thousand tons/Annual Industrial Pilot Plant for Comprehensive Utilization and Resource Recovery of Mixed Waste PlasticsIt is the world's first large-scale, continuous industrial-scale chemical recycling facility for mixed waste plastics, which, after years of R&D and engineering validation, will achieve a critical breakthrough between 2025 and 2026.

Guangdong Jieyang Demonstration Project, July 2025Trial production succeeded"Unblock the entire industrial chain of 'waste plastics → recycled chemical raw materials → high-end materials';"

December 2025, approvedChina Petroleum and Chemical Industry Federation72Hourly Authority Assessmentthe product yield and operational stability meet the requirements;

February 2026, completed80Hour continuous full load testSteady operation at 100% load;

In March 2026, the official announcement of the completion of the device calibration was made.CPDCCMatureness and Reliability Verification of Advanced Catalytic Cracking Technology for Mixed Plastic WastesIt is ready for industrial-scale promotion.

Huicheng Environmental Protection stated clearly that after the 200,000-ton industrial pilot plant completes its performance test,Already has the conditions for rapid replication and large-scale promotion。

Against the backdrop of normalized geopolitical conflicts and accelerated energy structure transformation, the completion of calibration of Huicheng Environmental Protection's 200,000-ton facility and its imminent start-up not only marks the industrial beginning of a new technological route for the resource recovery of waste plastics, but also represents a crucial pathway to transform low-value waste plastics, which have long been an "environmental burden" to the industry, into strategically recyclable resources.

Editor: Lily

Sources: Zengxin Investor Relations, Wind, etc.