The trash bags you throw away will turn into new materials for recycling! The annual production of 120,000 tons of recycled-based new materials at Shanghai Philicos New Materials Co., Ltd. has officially commenced

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On April 22, 2026, the annual production project of 120,000 tons of recycled-based new materials at Shanghai Felicos New Materials Co., Ltd. officially commenced. Licoth Corporation demonstrated its core technology for the chemical recycling of waste plastics. The company utilizes its own independently developed Phelix e-PtL fully electric chemical recycling technology to convert polyethylene-based plastic waste from local household waste in Shanghai – materials such as garbage bags and delivery bags that are difficult to utilize in high-value applications – into high-value small-molecule hydrocarbons, producing 120,000 tons of recycled new materials per year. The properties of this material are identical to those of traditional petroleum-based products, and it can be widely used in fields such as polymer materials, electronic chemicals, and daily chemicals and cosmetics, thereby turning waste into treasure. The raw materials for this project come mainly from local household waste in Shanghai. Those low-value plastic wastes that were previously difficult to utilize effectively could only be disposed of through landfilling or incineration, which is both a waste of resources and unsustainable from an environmental perspective. Today, thanks to core technologies, polyethylene-based plastic waste such as garbage bags and delivery bags used in daily life can be converted into high-value small-molecule hydrocarbons, with 120,000 tons of such new materials being produced each year. Among them, the annual production of pyrolysis oil from hydrogenated plastics has reached 180,000 tons; this oil can be used directly as fuel, or further processed into higher-quality fuels such as diesel and gasoline. The annual production of hydrogen-rich gas from hydrothermal pyrolysis has also reached 42,000 tons, which can be used as an industrial fuel or to produce purified hydrogen for chemical manufacturing. Shanghai Philicos New Materials Co., Ltd. has also reached a cooperation agreement with Sinopec Shanghai Petrochemical Co., Ltd. The two parties will leverage cooperation in areas such as utility services to create a closed-loop system for the chemical recycling of waste plastics, thereby making resource recycling more efficient and smoother. It is understood that Filicos was founded in December 2022, with its headquarters located in Jinshan District, Shanghai. Philicos is a high-tech company focused on the chemical recycling of polyolefin waste plastics, specializing in the conversion of low-value waste plastics into high-value products. Philicos is committed to creating a closed-loop industrial chain of \"waste plastic recycling – chemical recycling – high-value products – end-use applications\", thereby promoting the transition of the plastic circular economy from \"end-of-pipe disposal\" to \"source-based recycling\". Philex’s core technology is the Phelix e-PtL® fully electric chemical recycling technology, which was developed independently by Philex and is the first of its kind in the world. It represents a key technology for converting polyolefin waste plastics into high-value small-molecule hydrocarbons. The Phelix e-PtL® fully electric chemical recycling technology employs a fully electric thermal cracking + catalytic hydrogenation process, and is divided into four core stages: pretreatment, fully electric thermal cracking, dry gas purification, and catalytic hydrogenation. The Phelix e-PtL® fully electric chemical recycling technology also boasts five advantages: wide raw material compatibility, a low-carbon fully electric process, high conversion rate, high yield, high product quality, and the ability to undergo infinite cycles.