en.Wedoany.com Reported - The Management Committee of Changji National High-tech Industrial Development Zone in Xinjiang, China, recently signed an investment agreement with Changji Zhongxin Xineng Renewable Resources Co., Ltd. A 100,000-ton/year waste plastic chemical recycling project with a total investment of 6.5 billion yuan has officially landed in Changji National High-tech Zone. The project focuses on the resource utilization of waste plastics, adopting a phased construction approach. It plans to build a 100,000-ton/year waste plastic chemical recycling production line. Upon operation, it will have the capacity to produce products such as solvent oil.
The project will be implemented in two phases. The first phase will construct four 20,000-ton/year waste plastic chemical recycling production lines, with a total floor area of 8,460 square meters. This includes an 1,800-square-meter office building, a 2,500-square-meter raw material warehouse, a 750-square-meter pyrolysis unit workshop, a 700-square-meter air compression and nitrogen generation workshop, and 2,710 square meters for other auxiliary facilities. Upon completion of this phase, the project will enter the preliminary large-scale operation stage. The second phase plans to construct sixteen 80,000-ton/year waste plastic chemical recycling production lines, with a total floor area of 11,000 square meters, including an 8,000-square-meter production workshop and a 3,000-square-meter raw material warehouse. After completion, the overall production capacity of the project will be further expanded.
Upon operation, the project is expected to produce 47,000 tons of solvent oil products and 26,000 tons of light solvent oil annually, with estimated annual operating revenue of 400 million yuan and total annual profits and taxes of 50 million yuan. The project construction not only includes the production lines themselves but also covers warehousing, workshops, and public auxiliary facilities. Links such as waste plastic chemical recycling, pyrolysis units, and raw material storage have been simultaneously included in the construction scope.
Changji Zhongxin Xineng Renewable Resources Co., Ltd. was established on March 19, 2026, with a registered capital of 10 million yuan. Located in Changji City, Xinjiang, its business involves processing of non-metallic waste and scrap, research and development of resource recycling technologies, and research and development of construction waste regeneration technologies. The equity structure shows that Xinjiang Zhongxin Green Energy Renewable Resources Co., Ltd. holds an 80% stake, and Zhejiang Kemaoh Environmental Technology Co., Ltd. holds a 20% stake.
In terms of social value, the project will create 146 new jobs, effectively driving local employment, broadening income channels, and helping to stabilize employment and secure people's livelihoods. More importantly, the project adopts advanced waste plastic chemical recycling technology, which can significantly improve the recycling rate of waste plastic resources, reduce plastic pollution, promote resource recycling, provide strong support for regional green and low-carbon development, and help Changji National High-tech Zone build a highland for green industry development.
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