Extrusion International USA 2-2019

12 Extrusion International 2/2019 INDUSTRY NEWS An estimated total of more than 3,500 industrial leaders from around the world will be showcasing their products and solutions in over 250,000 square meters of exhibition space to at least 180,000 professional visitors from 150 countries and regions “Recycling Technology Zone” was set up since 2016 and this topic will be promoted to a prime position at CHINAPLAS 2019 CHINAPLAS 2019 to highlight Circular Economy recycling rate of waste plastics, the development of a cir- cular economy can be greatly promoted. Renewable resource recovery system reforms in light of raw materials shortage: The market is huge, but raw ma- terials are scarce, for first, the “Implementation Plan on Advancing Reform of the Administration System on Im- port of Solid Wastes through Prohibiting Import of For- eign Rubbish” was launched in 2017. According to statis- tics, waste plastics imported into China amounted to 7.3 million tons in 2016. Being worth 3.7 billion US dollars, it accounted for 56% of the world’s total imports of waste plastics. In the past, the waste processing and recycling in- dustry relied heavily on imports, lacking a complete recy- cling chain, while recycling rate and proportion of large- scale recycling are both low. With the implementation of the ban, it is bound to intensify the shortage of raw mate- rials, and the recycling system of renewable resources is in urgent need of change. Plastics Recycling & Circular Economy Conference and Showcase: In addition to upgrading the Recycling Tech- nology Zone, a Plastics Recycling & Circular Economy Conference will also be organized at CHINAPLAS 2019, in order to facilitate mastery of advanced technology, promote technological innovation, and help the industry seize new opportunities. The entire industry chain, from policies and regulations, through recycling technologies to back-end innovative applications, will be analyzed and explained in depth and thoroughly by experts in the in- dustry. Industrial trends, opportunities, challenges, and solutions will also be discussed. May 21-24, 2019, Guangzhou, PR China Technological innovation, on one hand, favours the acceleration of modern development as well as changes in various markets, while on the other, is driven by the latter two. CHINAPLAS, the Asia’s No. 1 plastics and rub- ber trade fair, being a prominent platform for innovative technology and communication, is highly responsive to the needs and the trends, and always brings in new ele- ments, perpetually providing energy to the plastics and rubber industries. This year, CHINAPLAS highlights circu- lar economy. To foster circular economy is a global con- sensus and is a major Chinese economic and social devel- opment strategy to achieve sustainable development. As such, great potential and bounteous market opportuni- ties arise with it. Big names adopt Recycled Plastics for appealing benefits: The modeling of big brands has massive influence on the implementation of circular economy, and more and more big names have announced their environmental protec- tion policies of recycling. In 2017, Adidas sold 1 million pairs of running shoes made of ocean plastic waste. It plans to stop using new plastics by 2024 when only re- cycled plastics will be used as raw materials. Kraft Heinz announced that by 2025, 100% of their packaging will be recyclable, reusable or compostable. Leading companies such as Coca-Cola, Unilever, Volvo, IKEA, Nike, and H&M have also announced plans to use recycled plastics. The core of circular economy is the efficient use and recy- cling of resources, and plastic waste recycling is an indis- pensable part. It is predicted that by 2025, China, one of the world’s largest waste plastics recycling countries, will produce urban solid waste amounting to nearly a quarter of the world’s total. And we know that by improving the Adsale Exhibition Services Ltd. www.ChinaplasOnline.com