The expansion of imported plastic waste will allow Guanwei to enhance its recycled plastic production, the company said.
The company reported its aggregate quota of 59,000 tons of imported plastic waste has been increased to 99,000 tons in this year, which is expected to increase upto 185,000 tons next year, following another required abbreviated permitting process.
Further, all 40,000 additional tons in Guanwei’s quota this year are in the company’s name, as will be 150,000 tons of the quota next year.
The company also said an additional 35,000 tons continue to be in the name of another company which has contracted them to Guanwei for a ten year period.
Guanwei chairman and CEO Chen Min said with this increased import quota the company has the ability to focus on plans to more than double production capacity.
Guanwei is a clean tech manufacturer of recycled low density polyethylene.
