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Sanlian Hongpu Reports H1 Revenue of 485 Million Yuan, Participates in Construction of Asia’s Largest Single-Investment rPET Project

Recycled PET New Horizons 2025-09-02 09:15:38

On August 28, Trilion Polymer released its 2025 semi-annual report, showing operating revenue of 485 million yuan, a year-on-year decrease of 24.49%. Net profit attributable to shareholders was 144 million yuan, down 17.1% year-on-year. During the reporting period, the company's "recycled materials and biodegradable materials" business segment achieved revenue of 135.0482 million yuan.

三联虹普与潞宝兴海签署1亿元己内酰胺产品转型升级技术改造项目合同_塑料资讯_塑料行业新闻-搜料网

Source of image: SouLiaoWang

As the world's largest producer of recycled polyester, Chinese companies face complex challenges: frequent anti-dumping investigations and technical barriers initiated by Europe and the United States, coupled with comprehensive supply chain regulations imposed by EU directives such as the Corporate Sustainability Reporting Directive (CSRD) and the EU Deforestation-free Regulation (EUDR). These pressures are forcing Chinese companies to shift from being "cost-driven" to "compliance and technology dual-driven." Against this backdrop, Sanlian Hongpu, through the global expansion of its subsidiary Polymetrix, is becoming a benchmark for green transformation in the industry.

The Chinese Bottle Chip Enterprises Going Overseas: From Nigeria to Indonesia

Facing international trade barriers, Chinese bottle chip enterprises are accelerating their "going global" strategy. In December 2023, Vanke New Materials, a core customer of Sanlian Hongpu, took the lead in launching a 300,000-ton-per-year bottle chip production base in Nigeria, becoming the first polyester company in the industry to establish an overseas factory. The project is a collaboration between Vanke and XJP, a company with over a decade of experience in the West African plastics market. It uses Chinese-imported APET raw chips for solid-state polymerization processing, with products supplied directly to the local Nigerian market, thus avoiding the EU’s tariff restrictions on Chinese virgin polyester.

In April 2025, Wankai New Materials further increased its investment in Indonesia by announcing the construction of a 750,000-ton/year polyester bottle chip plant. This project targets the benefits of the Southeast Asia-EU trade agreement—Indonesia and the EU reached a political consensus in July 2025 and plan to sign the Comprehensive Economic Partnership Agreement in September. By then, 80% of Indonesian exports to the EU will be exempt from tariffs. Wankai’s Indonesian facility will not only serve the ASEAN market but will also be able to directly access Europe through the EU free trade agreement channel, forming a "Southeast Asia production—EU sales" green supply chain loop.

From rPET to chemical recycling of nylon: Building a circular economy technology matrix

At the technical level, Trilink Hongpu has developed a comprehensive range of recycling technology solutions covering rPET, rPA, and rPP through Polymetrix.

The food-grade recycled rPET technology: The largest monomer investment recycling project in Asia, in collaboration with Japan's Circular PET Co., Ltd, was put into operation in 2023, with a contract value of 34.4 million Swiss francs. The rPET pellets produced can be 100% used for food packaging, breaking the monopoly of European companies in this field. Previously, Polymetrix has collaborated with European companies such as EREMA and MOPET on multiple projects, with a total contract value exceeding 150 million yuan, demonstrating its international competitiveness in the recycled polyester sector.

Chemical Recycling Nylon Technology: According to the 2025 interim report, the company’s large-scale chemical recycling nylon project, developed in cooperation with Taihua New Material, has been successfully delivered. The project depolymerizes nylon waste to produce caprolactam monomers, with products obtaining GRS certification, thereby achieving closed-loop recycling of nylon fibers. This technological breakthrough fills a domestic gap, reduces carbon emissions by 78% compared to traditional physical recycling methods, and creates technological synergy with industry leaders such as Hengshen Group. (Source: Sunlonghongpu 2025 Interim Report)

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Sanlian Hongpu Reports H1 Revenue of 485 Million Yuan, Participates in Construction of Asia’s Largest Single-Investment rPET Project

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