Bio-based Material Quarterly Newsletter provides you with real-time intelligence on China’s biomaterial market.
This newsletter will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire bio-based materials industry chain, from raw materials to end consumption. It includes breaking news from China and abroad, the latest market data (price, import & export, production, consumption, operating rates, etc.), in-depth analysis of market trends, and expert commentary from industry insiders.
Welcome to the Bio-based Material Quarterly Newsletter Q2 2024
Policy
In Q2, China issued the National Standard of Polylactic Acid/PLA (GB/T29284-2024) replacing the 2012 version, and the Implementation Plan to Establish a Carbon Footprint Management System.
Market dynamics & company performance
Reporting on 2023 performance, eSUN made growths in 3D printing materials and eco-friendly biodegradable materials; Jindan Technology saw declines in the lactic acid business; and Kingfa suffered sharp drop in net profit. In Q1 2024, Cathay Biotech's net profit surged on a substantial growth in sales of long-chain dibasic acid (LCDA).
In Q2, there are updates on bio-based projects as below:
- 2,5-Furandicarboxylic acid (FDCA) projects, run by: Xingfa Group (to add 1,000 t/a FDCA), GS Biotech (to add 1,500 t/a HMF and 1,000 t/a FCDA) and Tongling Leaf (to add 20,000 t/a FDCA)
- Polyhydroxyalkanoates (PHA) projects, run by: Phabuilder (to build a 10,000 t/a PHA industrial park) and Lansu Biomaterial (to add 20,000 t/a PHA)
- Bio-based succinic acid (SA) projects, run by: Liaoning Kingfa (to add 100,000 t/a SA), Liangyungang Juwei Yuanchuang (to add 12,000 t/a SA)
- Bio-based nanocellulose projects, run by: Zhongke Namei and Sailuna Tech.
In addition, Huaheng Biotech proposed the 50,000 t/a bio-based 1,3-propanediol (1,3-PDO) R&D and industrialisation project; Shandong Yuanli posted project report to construct 30,000 t/a bio-based 1,4-butanediol (bio-BDO) capacity; RGE Group unveiled plan to develop a 600,000 t/a Lyocell fibre project in Jining of Shandong; Sugar Energy announced completion of a pilot-scale 5-hydroxymethylfurfural (HMF) production line; Guang'an Mojia's 1,000 t/a bio-based 1,5-pentamethylene diamine (PDA) project was made public again; Siping Xiangyin's project to build a Stover Integrated Utilisation Industrial Park (phase I) was accepted by local authority; and KansenBio has raised RMB10 million+ to step up its bio-based materials development.
Price:
In this quarter, the prices of PLA and PHA have moved horizontally.
Table of Contents
- Editor's Note
- Governmental Direction
- China revises national standard for polylactic acid/PLA
- China to establish carbon footprint management system by 2027
- Market Analysis
- Kingfa sees double-digit declines in 2023 & Q1 2024 net profits
- 2023 Results of eSUN and Jindan Technology
- China's FDCA project updates by Q2
- Company Dynamics
- Phabuilder plans 10,000 t/a PHA industrial park
- Huaheng Biotech discloses 50,000 t/a bio-1,3-PDO industrialisation project
- Updates on bio-based succinic acid projects of Liaoning Kingfa and Liangyungang Juwei Yuanchuang
- Bio-Nanocellulose project proposals by Zhongke Namei and Sailuna Tech
- Shandong Yuanli posts 30,000 t/a dibasic alcohol project report
- Price Update
- News in Brief
- Lansu Biomaterial's 2nd-phase plan to build 20,000 t/a PHA capacity approved
- RGE Group signs 600,000 t/a Lyocell fibre project to settle in Jining, Shandong
- Sugar Energy completes pilot-scale HMF production line
- Guang'an Mojia's 1,000 t/a PDA production plan publicised
- KansenBio Raises RMB10 million+ in angel round funding
- Cathay Biotech marks net profit surge in Q1 2024
- Siping Xiangyin plans to build Stover Integrated Utilisation Industrial Park
Companies Mentioned
- Kingfa
- Ma'anshan Tong-Jie-Liang Biomaterials
- Ningxia Zhongke
- Cathy Biotech
- Phabuilder
- Jindan Technology
- Esun