Waste Plastic-to-Diesel Technology: Market Prospects & Development Trends

Waste Plastic-to-Diesel Technology: Market Prospects & Development Trends

I. Market Prospects

Scale: The global market is expected to reach about 18 billion US dollars in 2025 and 20-27 billion US dollars in 2030. China's market scale may exceed 100 billion RMB with a production capacity of over 8 million tons in 2030, accounting for more than 40% of the global total.

Core Supports: The global annual waste plastic output exceeds 400 million tons, with about 60 million tons of low-value waste plastic in China, providing sufficient raw materials. Favorable policies including subsidies and carbon border taxes in many countries boost the competitiveness of the technology by virtue of its low-carbon attributes.

Profits & Applications: The project payback period is shortened to 3.2 years with additional earnings from carbon emission reduction. The end products can replace gasoline, diesel and naphtha, and are applicable to refining, shipping and other scenarios.

II. Development Trends

Technology: Catalytic cracking has become a key R&D focus with a liquid yield of over 85%. Technologies such as supercritical fluid and microwave intensification reduce costs and improve efficiency; AI-integrated continuous equipment enhances operational stability.

Industry: Integrated whole-industry-chain development lowers the industry entry threshold. Cooperation with petrochemical giants advances technology certification and improves the raw material recycling system.

Market: Domestic production capacity is expanding rapidly and technology export is accelerating. New application scenarios such as collaborative treatment of waste plastic and oil sludge are being developed. China's output is expected to exceed 10 million tons in 2035.