Construction of Blue Ridge Tunhe's biodegradable PBS program going smoothly Summary: On Oct. 16, 2013, Blue Ridge Tunhe announced that 46% of its biodegradable plastic program has been completed. Tags: Blue Ridge Tunhe, biodegradable plastic, PBS, capacity, environmental protection authentication On Oct. 16, 2013, Xinjiang Blue Ridge Tunhe Chemical Industry Joint Stock Co., Ltd. (Blue Ridge Tunhe) announced that 46% of its biodegradable plastic program, with a production capacity of 160,000 t/a, has been completed, and that the whole program is estimated to be completed in 2014. The biodegradable plastic products include PBS and PBT, according to CCMâ€™s Biomaterials China News issued in November. Construction of the biodegradable plastic program began on April 16, 2013. Previously, Blue Ridge Tunhe completed pilot production of its PBS production line, with a capacity of 10,000t/a, on July 28, 2012, which may provide technological support for the subsequent PBS program. As a traditional petrochemical processing enterprise in Western China, Blue Ridge Tunhe has only just started its PBS business. Since its PBS product has not yet passed the related environmental protection authentication, it cannot export its products, and can only produce for domestic markets. Generally, domestic PBS industry is witnessing a large production capacity expansion in 2013. This is intensifying the competition within the PBS industry. On one hand, new entrants or enterprises without abundant experience in the PBS industry are faced with more severe market conditions for PBS in 2013. Similar to Blue Ridge Tunhe, their PBS products have not passed the related environmental protection authentication, so their products can only be sold in the domestic market, thus intensifying the competition in the PBS industry in 2013. The domestic PBS industry has seen an overcapacity in 2013. According to related statistics, the domestic PBS capacity has reached 118,000t/a, while the domestic demand of PBS is estimated to be only 15,000-20,000 tonnes in 2013. In 2013, three companies established new PBS plants or further expanded their production capacity. On June 6, 2013, Shandong Fuwin New Material Co., Ltd. (Shandong Fuwin) announced that it had expanded its PBS production capacity from 5,000t/a to 25,000t/a. In April 2013, the first phase of Shanxi Jinhui Group (Jinhui Group)'s PBS program, with a production capacity of 20,000t/a, entered pilot production and is currently operating strongly. In Feb. 2013, Jiangsu Yangnong Chemical Group Co., Ltd. (Yangnong Chemical) completed the construction of its PBS program, which has a production capacity of 10,000t/a.
On the other hand, leading PBS enterprises, like Kingfa Sci&Tech Co. Ltd. (Kingfa), Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. (Xinfu Pharmaceutical), and Anqing Hexing Chemical Co., Ltd. (Anqing Hexing), have witnessed an upturn trend in their PBS business in 2013, mainly due to the recovery of global economy. This is because the aforementioned three companies' PBS products have passed the related environmental protection authentication and are produced primarily for export. Xinfu Pharmaceutical has taken advantage of the global economic recovery. Xinfu Pharmaceutical's revenue and gross profit margin of its PBS business increased by 12.5% (from USD2,246 million in 2012 to USD2,725 million in 2013) and 2.95% respectively in H1 2013 year-on-year, due to the improving demand in Europe. Table of Contents of Biomaterials China News 1311: Overview of China's PAM industry in 2013 China's PTA industry is in a predicament in 2013 China's bamboo fiber industry developing rapidly in 2013 Hismer Bio-Technology's chitosan fiber wins the award of "Chinese fabric star" Construction of Blue Ridge Tunhe's biodegradable PBS program going smoothly YFY Yangzhou's straw-based paper program enters operation Elevance completes commercial production of bio-based C18 diacid China's sebacic acid industry witnesses a good momentum of development China's potato price increases in July-Aug. but decreases in Sept. 2013 China's PLA import volume down while export volume up in Sept. 2013 New extracting season for cassava begins in Sept. 2013 China's import volume of castor oil and its derivatives decreases in Sept. 2013 Bio-based PU for shoes has passed the acceptance check Corbian Purac shows high-performance PLA in K 2013 Four institutions jointly develop PLA mulching film K 2013 will be held in Dusseldorf from Oct. 16 to Oct. 23, 2013 Two companies start the world's first cellulosic ethanol plant Biomaterials China News, with 12 to 14 topics in one issue, published by CCM on 8 th every month, will bring you the latest information on the market dynamics, company dynamics, new biomaterials products, new biomaterials technology development, new legislations as well as policies and raw material supply dynamics, which are shaping the significant market intelligence of the industry. About CCM CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. For more information, please visit http://www.cnchemicals.com.
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