Niutech Technology Group Co., Ltd., listed on Shanghai's SSE STAR Market under ticker 688309, completed a group restructuring on Aug. 26, 2026, the company said. Its registered business scope now also covers resource recycling technology research and development, machinery R&D, specialized equipment manufacturing and new materials R&D.
The company said it has worked on industrial continuous pyrolysis for nearly 40 years, turning more than 30 material streams, waste tires and waste plastics among them, into recycled resources such as pyrolysis oil and non-condensable combustible gas. It has helped customers deliver 10,000-tonne-scale projects in dozens of countries, including Germany, the UK, South Korea, Denmark and Brazil, with performance meeting the environmental and technical standards required in developed markets.
Demand is being pushed by regulation, according to the company: the EU's PPWR, ESPR and End-of-Life Vehicles Regulation all raise requirements on the use of recycled materials, it said. Its new-generation large industrial continuous intelligent pyrolysis production line processes more than 100 tonnes per day per unit, with gains in capacity, efficiency, cost control and product quality. For waste tires, the toluene transmittance of recovered carbon black exceeds 80%, yielding carbon black that can return to tire manufacturing as upstream feedstock. For waste plastics, including low-value municipal plastics, ocean plastics and waste textiles, the line requires no complex washing, sorting, drying or fine crushing before the material is cracked in a single step, and produces pyrolysis oil, solid fuel and non-condensable combustible gas, with the oil able to be processed into feedstock for new plastics.
Hesheng Environmental Protection, Niutech's majority-owned subsidiary, was commissioned in 2013, was the first in the sector to obtain ISCC certification and has operated for more than 10 years. Its 100,000-tonne Phase II project will lift capacity to 160,000 tonnes per year in 2026. A UK customer signed an order worth RMB 198 million after benchmarking Niutech's projects against global peers, and the company is working on extending the clean tire pyrolysis oil chain and on blending pathways toward sustainable aviation fuel.
"The maturity of a technology is best verified through industrial projects," the head of Niutech's marketing department said.