China's National Development and Reform Commission supports the development of "bamboo for plastic" a number of listed

November 02, 2023

China's National Development and Reform Commission supports the development of "bamboo for plastic" a number of listed companies have taken the layout

 Driven by the goal of "double carbon", the "generation of plastic" has become the general trend. Recently, the National Development and Reform Commission issued the notice of the three-year Action Plan for accelerating the development of "bamboo for plastic", aiming to accelerate the establishment of the industrial system of "bamboo for plastic", and the bamboo products, paper and other industries closely related to it may welcome good news again.

 On October 12,2023, The Ministry of Science and Technology, the Ministry of Housing and Urban-Rural Development, the Ministry of Transport, the Ministry of Commerce, the Ministry of Culture and Tourism, the People's Bank of China, the State Administration for Market Regulation, the State Administration of China, the State Post Bureau, All provinces, autonomous regions, municipalities directly under the Central Government, cities, the Development and Reform Commission of the Xinjiang Production and Construction Corps, the competent departments of industry and information technology, the Department of Finance (bureau), the Forestry and Grassland Bureau in order to fully implement the twentieth spirit of the Party, Conscientiously implement the decisions and arrangements of the CPC Central Committee and The State Council, We will deepen the whole chain of plastic pollution, Accelerate the development of "substituting bamboo for plastic", The National Development and Reform Commission, together with the Ministry of Industry and Information Technology, the Ministry of Finance, the State Administration of Forestry and Grassland and other departments, has formulated the three-year Action Plan for Accelerating the Development of Bamboo instead of Plastic.

 Among the main companies, the main listed companies in the bamboo home industry are Yutong Technology (002831), Shanyin International (600567), Dasheng (603687), Shuanggun Technology (001211) and North Exchange listed company Longzhu Technology (831445); Yongan Forestry (000663), Qingshan Paper (600103) and Yibin Paper (600793) are also sought after by the market due to rich local bamboo forest resources and corresponding reserves.

 Among them, Yutong Technology, Shanyin International and Dashengda three companies for paper packaging enterprises, in the field of plastic substitution layout earlier, several years ago, they began to produce environmentally friendly tableware, to replace the traditional plastic tableware.

 Yu with technology announcement in July 2018 to build Yibin environmental protection paper and plastic project, production line mainly produces biodegradable bagasse, bamboo pulp as raw material of plastic packaging environmental boxes and paper, the project in 2022, the current yu with environmental protection paper and plastic products has begun to take shape, stable contribution revenue, in the first half of 2023 its environmental protection paper and plastic products achieve 425 million yuan income.

 Both Mountain Eagle International and Dasheng Da adopt the strategy of "replacing plastic with paper". In 2021, Shanying International cooperated with Xiamen Gitli to build Yibin Xiangtai Food paper and plastic factory. Yibin factory is a food paper and plastic production base with the advantages of local bamboo pulp and energy and in accordance with the strict requirements of food packaging industry. The first phase of Yibin Base has been successfully put into operation in the first quarter of 2022. In 2022, Dasheng won a block of Yunlong Industrial Park in Haikou City to invest in the construction of "paper pulp molded environmental friendly tableware intelligent R & D and production base project" to serve the purpose of green environmental protection. The project can achieve the development of the field of new materials replaced by paper under the two-carbon target.

 It is worth mentioning that in the "paper instead of plastic" on the enterprises are sprint for the IPO of the Shanghai main board, its products use bagasse pulp and other plant fiber raw materials, using molding process to produce all kinds of tableware, packaging and other products, can replace ordinary plastic products, used in catering, FMCG and other fields. According to the prospectus, Zhongxin shares plans to raise 1.538 billion yuan through the IPO, for the annual output of 100,000 tons of bagasse biodegradable environmental tableware project (Chongzuo Zhongxin Phase I), annual output of 100,000 tons of bagasse degradable environmental tableware project (Laibin Zhongxin Phase I) and research and development center construction and other projects.

 Headquartered in Hangzhou, Zhejiang province, Shuanggun Technology is the first share of bamboo products in the A-share main board market, and its main business is the production and sales of chopsticks and other daily dining kitchenware. At the beginning of 2022, Shuanggun Technology put forward the business strategy of the layout of high-quality bamboo, and plans to purchase and store 1 million mu of bamboo forest within three years, and invest in Zhejiang, Jiangxi, Zhejiang and other bamboo resources concentrated in factories to integrate related industries. The new products to be developed include research and development of key technology of bamboo straw preparation, research and development of key technology of bamboo winding composite pipe processing, research and development of manufacturing technology of bamboo pulp molding and embedded box, and performance evaluation of new products with bamboo instead.

 According to the recent announcement, the annual processing project of 200,000 tons of bamboo invested by Shuanggun Technology in Zixi, Fuzhou, Jiangxi province is expected to be officially put into operation at the end of October, which will mark the implementation of the high-quality bamboo strategy of Shuanggun.

The main products of Longzhu Technology in Fujian Province include tableware, storage and other bamboo furniture products, which develop a series of new products based on "bamboo instead of plastic and bamboo instead of wood". In the first half of 2023, dragon bamboo science and technology, said in "bamboo plastic, bamboo wood" strategy under the guidance of launch meet policy demand products, including bamboo straw, bamboo jacket, bamboo bearing products such as new, in multiple product development at the same time, the production line has been put into production and orders, in the first half of the series of products in hand orders of 53 million yuan.



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