Strategic Tie-Up: COMY and Southern Investment Company to Transform Waste Plastic Chemical Recycling Industry

COMY and Southern Construction Investment Co., Ltd. of CNCEC (Southern Investment Company) signed a strategic cooperation agreement in Foshan, Guangdong.

CNCEC, a central enterprise under SASAC, is a top-tier international engineering company in China’s chemical sector, leading globally in oil and gas services.

Southern Investment Company, CNCEC’s sole second-tier subsidiary in South China, is headquartered in Guangzhou. It invests in and operates industrial parks, infrastructure, eco-environmental projects, etc., across six South China provinces and Hong Kong-Macau, offering integrated services.

Source: Recon Technology

COMY, an original tech firm with 15 years in waste plastic chemical recycling, aims to be a global leader in the industry, boasting rich tech solutions and industrial experience in “waste plastics to new plastics” industrialization.

It took over a year for the two parties to reach the cooperation, involving frequent communication, testing, technical due diligence, and on-site inspections.

Aligned with national goals of eliminating white pollution, achieving carbon neutrality, and building a beautiful China, the two will focus on three key areas:

Joint R&D of cutting-edge waste plastic chemical recycling technology;

Building a leading global plastic resource recycling supply chain through efficient resource integration;

Co-investing in and operating a global “lighthouse factory” demonstration project for “waste plastics to new plastics” industrialization.

This all-round cooperation will leverage their strengths, drive high-quality development of the waste plastic chemical recycling industry, and set a benchmark for white pollution control and low-carbon development in the Guangdong-Hong Kong-Macao Greater Bay Area and beyond.