Recon Technology's $15M Chemical Recycling Plant Construction Nears Completion, Expected to Produce $30M Annually

Recon Technology Ltd. has completed construction on a 40,000-ton-per-year waste plastic chemical recycling plant in Shandong, China. The project, which has received over $15 million in investment, is expected to produce 30,000 tons of plastic pyrolysis oil and 6,000 tons of carbon residue annually, generating an estimated $30 million in annual returns. The plant employs a dual-process approach combining catalytic pyrolysis and catalytic reforming, with a focus on converting membrane film-type waste plastic, which is difficult to process using physical recycling methods.

Recon Technology Ltd. has successfully completed the construction of its 40,000-ton-per-year waste plastic chemical recycling plant in Shandong, China. The project, which has received over $15 million in investment, is expected to produce 30,000 tons of plastic pyrolysis oil and 6,000 tons of carbon residue annually, generating an estimated $30 million in annual returns [1].

The plant, known as the Recon Plastic Chemical Recycling Project, spans approximately 50 acres and includes six pyrolysis units, two distillation units, and corresponding environmental protection facilities [1]. The project employs a dual-process approach combining catalytic pyrolysis and catalytic reforming, with a focus on converting membrane film-type waste plastic, which is difficult to process using physical recycling methods [1].

The successful completion of the main structures marks a key milestone in the project's construction, as it officially enters the equipment installation and commissioning phase [1]. The project is expected to be fully completed by November 2025, with a required one-month trial operations production phase commencing in December 2025 [1].

Recon Technology is currently engaged in discussions with several multinational chemical giants and leading domestic chemical companies, with product purchase intent and strategic cooperation agreements already signed [1]. The company aims to establish a globally leading benchmark facility for the stable and continuous production of plastic chemical recycling products.

The project's technological advancements include the use of a "horizontal screw-type three-stage continuous reactor" for the first time in the pyrolysis process, addressing the technical challenge of plastic coking in traditional processes and ensuring stable and continuous feedstock supply [1]. The introduction of catalytic reforming significantly increases the olefin content of the pyrolysis oil, enhancing its value and competitiveness in the market [1].

Recon Technology's CEO, Mr. Yin Shenping, stated, "We are delighted to announce the successful completion of the main structures of the Shandong project, which marks an important milestone in its construction. This demonstrates our team's ability to execute efficiently and underscores our commitment to advancing the industrialization of the plastic chemical recycling industry" [1].

The project is expected to effectively utilize various low-value waste plastics, including municipal solid waste plastics, industrial waste plastics, and agricultural films, providing a technical solution to address "white pollution" and promote a circular economy [1].

References:
[1] https://www.prnewswire.com/news-releases/recon-hits-milestone-chemical-recycling-plant-construction-finished-as-project-nears-production-launch-302537533.html