Hengyu Environmental Protection Plans to Rename as Hengyu Technology, Future SAF Industry Layout, Current Position Still Expected to Double

English summary

Hengyu Environmental Protection plans to change its name to Hengyu Technology and expand its business scope. The original name "Environmental Protection Technology" limited itself to the single environmental protection track. Currently, the company has a dual-engine business model: equipment manufacturing and sales plus project operation. The three major controlled operating projects—300,000 tons of tailings titanium enrichment, 10 tons of oily sludge disposal, and 160,000 tons of waste tire disposal—are expected to go into production in Q4 or early 2027 and contribute profits. In the future, besides replicating excellent projects in superior tracks, the company is also actively exploring excellent projects for organic solid waste disposal such as waste plastics and coal tar residue. Multiple customers have recently signed equipment sales contracts with Hengyu for developing biodiesel (SAF or HVO). On July 22, Hengyu signed a sales contract with a British energy giant for an "industrial continuous waste plastic pyrolysis production line." The equipment will be mainly used for upgrading and revamping related production lines at its large refinery. After the revamp, the refinery will have complete capacity from pyrolysis oil to hydrotreated refined SAF.