Kingfa Sci & Tech Receives 1.5 Billion Yuan Credit From Guangzhou Rural Commercial Bank To Boost Circular Economy Industry Development

This event brought together local governments, financial regulatory authorities, as well as institutions from Hong Kong, Macau, and international organizations to engage in in-depth discussions on the deep integration of the circular economy and finance. According to the agreement, the credit will be specifically used for the construction of the pilot workshop project of Jinfa Technology and to supplement the working capital needed for the daily operations of the company and its subsidiaries, further assisting the company in the continuous advancement of research and industrial application of plastic recycling technology.

Jinfa Technology has streamlined the three key processes of "sorting - cleaning - reuse" in the field of plastic recycling.The project "Integrated Technology and Industrial Application of Upgraded Recycling of Waste Plastics" won the First Prize of the Guangdong Provincial Science and Technology Progress Award, effectively solving the technical bottleneck of resource recycling of plastic waste.Currently, Kingfa Sci & Tech has established collaborations with several well-known brands such as Unilever and Lenovo, widely applying high-performance recycled plastics in fields like packaging, automotive, electronics, and home appliances, thereby constructing a green closed-loop system of "recycling—regeneration—reapplication."In 2024, the company's global sales of high-performance recycled materials reached 285,900 tons, steadily advancing the layout of the European eco-friendly recycled plastic projects and actively promoting China's circular economy technology to the international stage.