Overseas news: Domo Chemical Launches Recycled Polyamide; African Plastic Leader Secures Multi-Million-Dollar Funding; Engel Demonstrates Drone-Based Manufacturing Process

International News Digest

Raw Materials News- Nigeria's Leading Recycled Plastic EnterprisePolysmart secures $5 million in strategic investment

-Turn Waste into Treasure:DOMO Chemicals Recycled Polyamide, Driving a Low-Carbon Future

Electronic News-Researchers have developed a polymer blend with a storage capacity four times that of conventional capacitors.

-SCGC, Dow, and Xiao Boss Food sign a Memorandum of Understanding to create a closed-loop recycling system for snack packaging

Mechanical News-Engel will make an appearance.JEC World Composites Show: Demonstrating Mass Production Process of Thermoplastic Composite UAV Wings

Macroeconomic NewsIsraeli Defense Minister: Any new Supreme Leader of Iran will be a "target for elimination"

International News Details：

1. SCGC, Dow, and Xiaolaoban Food signed a Memorandum of Understanding to establish a closed-loop recycling system for snack packaging.

Taibao Noy Food Marketing Public Company LimitedTKN (Taokaenoi Food & Marketing Public Company Limited), SCGC (SCG Chemicals), and Dow Thailand Group jointly announced the signing of a landmark Memorandum of Understanding (MoU) to drive transformation in the snack industry through the “Advanced Recycling Technology for Food-Grade Circular Packaging” project.

2. Engel will make an appearance.JEC WORLD Composites Show: Demonstrating Mass Production Process of Thermoplastic Composite Drone Wings

Austrian plastic processing machinery manufacturer EngelEngel announced that it will present the full automated mass production of thermoplastic composite rotor blades for drones at the upcoming JEC World Composites Show in Paris. This scalable production solution integrates high-performance, integrated noise reduction, and sustainability in a single continuous process.

3. Pearl Group Innovation and Upgrade Recycle Plan: Transforming discarded PET bottles into high-performance eco-friendly insulation materials

A global leader in the polyurethane systems industryPearl Group has recently launched a new upgraded recycling program, using recycled PET plastic bottles in its product system. The company incorporates crushed PET plastic bottles into the polyester production process, reusing plastic waste to create high-performance, environmentally friendly insulation materials. After full implementation, Pearl Group plans to recycle the equivalent of 420 million plastic bottles annually. The first commercial batch has been successfully delivered and is currently being promoted across the entire business.

4. Turn waste into treasure:DOMO Chemical’s Regenerated Polyamide Contributes to a Low-Carbon Future

DOMO continues to innovate with its chemical recycling solution for polyamide—TECHNYL® 4EARTH®—transforming both post-industrial (PIR) and post-consumer (PCR) waste into high-performance engineering materials, offering industries a truly sustainable and reliable material choice. Through advanced depolymerization technology, DOMO breaks down waste polyamide 6 (PA6) products into monomers, which are then repolymerized to produce virgin-quality PA6.Engineering plasticThis process breaks the limitations of traditional physical recycling, achieving a closed-loop regeneration of waste materials, with the final product's performance comparable to that of virgin materials, truly realizing"From demolition to high-quality regeneration"

5. Nigeria's Leading Recycled Plastic CompanyPolysmart Secures $5 Million Strategic Investment

On March 3, Verdant IMAP, a financial services institution focused on the African market, announced that it has successfully secured funding for Nigeria. Note: The original text does not specify what exactly was secured for Nigeria (e.g., funding, a deal, etc.). The translation assumes "funding" based on the context, but this may need to be adjusted according to the exact meaning intended.Recycled plasticLeading enterprisePolysmart Packaging Group (hereinafter "Polysmart") has completed a strategic equity financing round of USD 5 million, with financial advisory services provided for the transaction. The investor is a private equity fund deeply rooted in the African market. The proceeds will primarily be used to expand production capacity, upgrade operational systems, and accelerate the development of a world-leading recycled polyethylene terephthalate (rPET) processing platform in Nigeria. This investment is regarded as a significant milestone in Polysmart’s development journey. The company will leverage these funds to further optimize its waste collection and sorting processes, introduce cutting-edge European eco-friendly technologies, and continuously enhance the production efficiency of high-quality recycled plastic resins. This move aims not only to solidify Polysmart’s market leadership in Nigeria but also to strengthen its global competitiveness as a key player in the international circular economy supply chain.

6. EuropeThe association calls for Europe to step up recycled plastics to foster a green, circular, and resilient future.

The European Association of Plastic Recyclers recently issued a warning, stating that the EU must urgently implement the requirement for beverage bottles to contain…Recycled plasticThe calculation method of content, to ensure the future of the European plastic recycling industry. DespitePET is the EU's second-largest recycled polymer, but the industry is facing mounting challenges: low-priced imports are driving down prices for recycled plastic and causing inventory build-ups, pushing Europe's domestic recycling facilities into a survival crisis at a critical time when they are expected to deliver on the EU's circular economy targets. The calculation methodology to be introduced under the Single-Use Plastics Directive is now at a decisive juncture. Its definition of "recycled plastic" will directly determine whether Europe can build a robust recycling ecosystem or gradually shrink under external market pressures.

7. Researchers have developed a polymer blend with a storage capacity four times that of a regular capacitor.

A research team from Pennsylvania State University published their findings in the journal Nature: they have developed a…Low-cost, commercially available plastics made into new materials that can withstand up to

Overseas Macro Market Information:

[Israeli Defense Minister: Any new Iranian Supreme Leader would become a "target for elimination"]

Israeli Defense Minister Katz threatened on March 4 that anyone who becomes Iran's Supreme Leader and opposes Israel and the United States will become a "removal target" for Israel. Katz said on social media that day: "Regardless of his name and where he is, he will become an undisputed removal target."

[Trump threatens Spain for not cooperating in the fight against Iran, Foreign Ministry: Trade should not be weaponized]

On March 4, Foreign Ministry Spokesperson Mao Ning held a regular press conference. According to reports, US President Trump threatened to cut all trade relations with Spain after the Spanish government refused to allow the US to use its airbase to strike Iran. What is China's comment on this? Mao Ning stated: "Military strikes by the US and Israel against Iran violate international law, and trade should not be instrumentalized or weaponized."

Kuwait Al-Koot Industrial Project Company Suspends Factory Production

[Chair of South Korea's Financial Services Commission: South Korea will actively activate the 100 trillion KRW market support program if needed]

The Chairman of the Financial Services Commission of Korea in a meeting with market experts

Trump’s Statement on “Warships Escorting Oil Tankers” Sparks Skepticism

Trump also said that he has instructed the U.S. International Development Finance Corporation to provide political risk insurance and guarantees for maritime trade in the Gulf region, especially for energy trade, at a "very reasonable price."

[Iranian media: Supreme Leader election may be postponed to next week]

Price Information:

The central parity rate of the RMB against the US dollar is 6.9124, down 36 basis points; the previous trading day's central parity rate was 6.9088, the official closing price at 16:30 on the previous trading day was 6.8997, and the overnight closing price was 6.9193.

[Upstream raw material USD market price]

On March 3, CFR Northeast Asia rose by USD 30/ton to USD 780/ton, and CFR Southeast Asia rose by USD 20/ton to USD 760/ton.

Northeast Asian propylene FOB Korea average price rose by $15/ton to $820/ton, while CFR China average price increased by $20/ton to $880/ton.

North Asia CFR prices: Propane at USD 754–764/ton; Butane at USD 754–764/ton.

CIF price for refrigerated cargo in the Taiwan region: propane at USD 754–764 per metric ton; butane at USD 754–764 per metric ton.

Film: 890 USD/ton (CFR Shanghai);

[HDPE US Dollar Market Price]

Film: 1060 USD/ton (CFR Huangpu)

Injection Molding: No quotation available.

Pipe: No quote;

LDPE USD market price

Film: USD 1,160/ton (CFR Dongguan);

Coating: No quotation.

[PP US Dollar Market Price]

Copolymer: $1000/ton (CFR Nansha);

Film material: 1100 USD/ton (CFR Huangpu)

Transparent: USD 1,160/ton (CFR Huangpu)

Pipe: 1180 USD/ton (CFR Shanghai)