Recon Technology to Invest $15 Million in Plastic Chemical Recycling Plant in Shandong, China

Specifications:

Name:

Recon Technology to Invest $15 Million in Plastic Chemical Recycling Plant in Shandong, China

Location:

Shandong, China

Company:

Recon Technology

Estimated Cost:

$15 Million

Source:

https://www.prnewswire.com/

Introduction:

Recon Technology Ltd. announced that it has invested over $15 million in its plastic chemical recycling project in Shandong, China, which has now entered the equipment installation and commissioning phase.

Features:

The Recon Plastic Chemical Recycling Project spans an area of approximately 50 acres. Upon completion and commencement of operations, the main construction components of the project will include six pyrolysis units, two distillation units, and corresponding environmental protection facilities. 

The project 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 and achieving the high-value conversion of waste plastic resources.

The project is expected to be fully completed by November 2025, and a required one-month trial operations production phase will commence in December 2025, in accordance with domestic regulatory laws, rules, and regulations.