Bio-based Material Quarterly Newsletter

Welcome to the Bio-based Material Quarterly Newsletter Q3 2025

Policy

In Q3 2025, Jiangxi Province and Changde City successively introduced policies to jointly promote the high-quality development of the bio-based and synthetic biology industries, focusing on building a non-grain biomass industrial chain and cultivating SRDI enterprises, respectively. The People's Government of Yiyang City, Hunan Province, issued the Yiyang 2025 Implementation Plan for Supporting the Comprehensive Utilization of Crop Straw, setting out clear objectives, measures and incentives to advance the utilisation of crop straw.

Market Dynamics and Corporate Aspects

In Q3 2025, several bio-based companies released their H1 2025 reports. Cathay Biotech, Jindan Technology, and Kingfa Sci. & Tech. all reported revenue and net profit growth, while Hisun Biomaterials reported a decrease in revenue and a plunge in net profit.

In Q3 2025, the following domestic bio-based projects made new progress.

• Lingfengyang New Materials's agricultural and forestry bio-based new materials construction project
• Yuanfeng Biotechnology's 10,000 t/a furfural production project
• Renpeng New Energy's 20,000 t/a furfural production project
• Weiqi Biotechnology's Phase I of the 30,000 t/a bio-based polyhydroxyalkanoates (PHA) biodegradable materials green intelligent manufacturing project
• Huanlong Ecological's 204,000 t/a fluff pulp production project

The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.1072 on 1 Sept., 2025, sourced from the People's Bank of China. Unless otherwise specified, all the prices mentioned in this newsletter will include the VAT.