What Niutech does

Niutech Environment Technology Corporation (Shanghai STAR Market, stock code 688309) is a Chinese industrial-technology company founded in 1988 that designs and manufactures industrial continuous intelligent pyrolysis systems converting waste polymers — including scrap tires, waste plastics, oily sludge, and hazardous waste — into pyrolysis oil, recovered carbon black, combustible gas, and steel wire. Its four core product lines (Waste Plastic, Scrap Tire, Oily Sludge, and Hazardous Waste Pyrolysis Production Lines) run on a proprietary technology stack featuring eight patented innovations, including coking-free operation, gas-tight dynamic sealing, anti-polymerization, thermal dispersion, and waste heat recovery, controlled via PLC/DCS systems that monitor nearly 20,000 technical parameters in real time. Single-unit processing capacity ranges from 10,000 to 50,000 tons per year, with continuous stable operation exceeding 8,000 hours annually and pyrolysis/comprehensive utilization rates above 99%.

The company sells equipment and integrated solutions directly to enterprise customers through a field-sales motion, with contract values reaching $14 million per large-scale production line and four repeat orders from a single European client. Key customers include BASF (Germany, via investment and chemical-recycling partnership), Quantafuel (Norway, operating the Danish pyrolysis plant feeding BASF), an international group's Vietnam chemical-recycling facility, and multiple European Fortune Global 500 companies. Through majority-owned subsidiary Shandong Hesheng Environment Technology, Niutech is scaling to become the world's largest tire resource recovery operation at 160,000 TPY. With 110+ patents, seven international certifications (EU CE, German TÜV, ATEX, ISCC), and the Chinese National Science and Technology Progress Award, Niutech positions itself as a top-tier global supplier of certified continuous pyrolysis technology for circular-economy and chemical-recycling projects across 30+ countries.

Name

Niutech

Legal name

Niutech Environment Technology Corporation

Website

https://niutechenergy.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Short description

Niutech Environment Technology Corporation (Shanghai STAR Market, 688309) designs and manufactures industrial continuous pyrolysis systems that convert waste tires, plastics, oily sludge, and hazardous waste into pyrolysis oil and recovered materials for enterprise customers including BASF, Quantafuel, and European Fortune Global 500 companies.

Ownership category

akta.pro rank

Product category

Industrial Pyrolysis Equipment

NAICS

Industrial Machinery Manufacturing (33324), Chemical Manufacturing (325), All Other Miscellaneous Chemical Product and Preparation Manufacturing (325998)

SIC

Special Industry Machinery, Nec (3559), General Industrial Machinery & Equipment (3560), Chemicals & Allied Products (2800)

akta.pro primary industry

Waste Pyrolysis (Plastics/tires/biomass-to-oil/char) (EUAAAKAF)

akta.pro secondary industry

Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)

Keywords

• Industrial pyrolysis equipment
• Waste tire recycling
• Plastic chemical recycling
• Continuous pyrolysis systems
• Waste to energy

Headquarters

HQ city

Jinan

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Pyrolysis Equipment Manufacturing and Sales: Niutech generates revenue through the manufacture and sale of large-scale industrial continuous pyrolysis equipment. Equipment is sold directly to enterprise clients globally, including Fortune Global 500 companies. Contract values can reach $14 million for single pyrolysis production lines. The company provides complete equipment sets along with integrated solutions.
2. Technology Equipment Supply for Circular Economy Projects: As a technology equipment supplier for circular economy projects, Niutech provides equipment and technology services to major international clients. This includes supplying pyrolysis technology for chemical recycling plants operated by global chemical companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Niutech manufactures and sells large-scale industrial continuous intelligent pyrolysis systems that convert waste polymers (scrap tires, waste plastics, oily sludge, and hazardous waste) into pyrolysis oil, combustible gas, recovered carbon black, and steel wire under oxygen-free or oxygen-deficient conditions. The company offers four core production line products with single-unit processing capacity of 10,000 to 50,000 tons per year, deployed across more than 30 countries for industrial clients including BASF, Quantafuel, and other Fortune Global 500 firms. Niutech also provides integrated solutions including solution design, technical and financial proposal preparation, and market analysis as part of its service system.

Product overview

Niutech Environment Technology Corporation (stock code 688309) is a national high-tech enterprise providing integrated pyrolysis solutions with fully independent intellectual property rights since 1988. The company operates as a platform-plus-modules architecture offering four core production line products: Waste Plastic Pyrolysis Production Line, Scrap Tire Pyrolysis Production Line, Oily Sludge Pyrolysis Production Line, and Hazardous Waste Pyrolysis Production Line. All production lines employ the company's proprietary industrial continuous intelligent pyrolysis technology, enabling real-time monitoring and adjustment of nearly 20,000 technical parameters through fully-enclosed PLC/DCS intelligent control systems. The technology portfolio includes core patented innovations such as thermal dispersion, gas-tight sealing, and anti-polymerization. The company also provides integrated solutions covering solution designing, technical and financial proposal preparation, and market analysis through its service system.

Differentiator

Problem solved

Functional benefit

Products and services

• Waste Plastic Pyrolysis Production Line Industrial continuous intelligent pyrolysis production line that converts mixed, contaminated, and low-value waste plastics—including flexible packaging and film bags—into pyrolysis oil, combustible gas, and solid residues through thermal decomposition in oxygen-free conditions. Designed for industrial waste management operators, chemical recycling companies, and municipal authorities requiring large-scale processing capacity.
• Scrap Tire Pyrolysis Production Line Industrial continuous intelligent pyrolysis system that converts scrap tires into recovered pyrolysis oil, recovered carbon black, steel wire, and combustible gas, achieving greater than 99% pyrolysis rate and comprehensive utilization of all tire components. Designed for industrial tire recycling operators, including Shandong Hesheng and European clients placing repeat orders valued at up to $14 million per production line.
• Oily Sludge Pyrolysis Production Line Pyrolysis production line designed for processing oily sludge waste, converting organic contaminants into useful energy products through thermal decomposition in oxygen-free conditions. Designed for oil and gas industry operators and hazardous waste treatment companies.
• Hazardous Waste Pyrolysis Production Line Pyrolysis system for treating hazardous waste materials, achieving volume reduction, harmless treatment, and resource recovery of organic hazardous waste through thermal decomposition. Designed for hazardous waste treatment companies, industrial waste processors, and government entities responsible for safe waste disposal.

Quantifiable outcome

• 1.1 tons CO2 reduction per ton of scrap tire processed
• +5 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• BASF (Germany)coreStrategic or Co-development PartnerBASF invested in and partnered with Niutech for the Danish waste plastic chemical recycling project. BASF uses the pyrolysis oil produced as feedstock for its 'Chemical Recycling' initiative to manufacture new plastics with carbon-neutral attributes, achieving a complete waste plastic-to-new plastic closed loop. BASF's investment and recognition signifies that China's pyrolysis technology has reached top-tier international standards.
• Quantafuel (Norway)coreStrategic or Co-development PartnerNorwegian company Quantafuel operates the Danish waste plastic pyrolysis plant using Niutech's equipment. The project processes sorted plastic waste from municipal solid waste collected locally, converting plastic into oil through pyrolysis supplied to BASF as chemical feedstock.
• International Group (Vietnam)coreTechnology or IntegrationA global group selected Niutech's 'New Generation Large-Scale Industrial Continuous Intelligent Waste Plastic Pyrolysis Technology and Integrated Equipment' for a chemical recycling plant in Vietnam. The project has been successfully commissioned and operates efficiently, converting waste plastics into high-quality pyrolysis oil supplied to the client's own chemical plant.
• Shandong Hesheng Environment Technology Co., Ltd. (Hesheng)coreOthersMajority-owned subsidiary of Niutech Environment Technology Corporation. Breaking ground on March 24, 2026 on a 100,000 ton-per-year tire pyrolysis expansion project. Upon completion, Hesheng will become the world's largest tire resource recovery operation through pyrolysis at 160,000 TPY.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Quantafuel: Norwegian chemical-recycling company that operates a Danish waste-plastic pyrolysis plant using Niutech's equipment. While also a Niutech customer/partner, Quantafuel also develops and deploys its own pyrolysis technology, making it both an ally and competitor in the same chemical-recycling value chain.
• Beston Group: Chinese manufacturer of pyrolysis equipment for waste tires and plastics. Directly competes with Niutech in the same product category with similar continuous/batch pyrolysis systems, serving overlapping waste-to-fuel and chemical recycling customers globally.
• Klean Industries: Canada-headquartered pyrolysis technology company focused on tire-to-fuel and plastic-to-oil systems. Directly comparable to Niutech on technology platform (thermal depolymerization), customer base (industrial waste processors), and target end markets (EU/US tire recycling).
• Plastic Energy: UK-based pyrolysis company converting end-of-life plastics into recycled oils for food-grade and chemical applications. Direct competitor in chemical-recycling pyrolysis, with established partnerships with SABIC and major brand owners across Europe.
• Encina Corporation: US-based pyrolysis company converting waste plastics into circular feedstocks for chemicals and fuels. Comparable to Niutech on continuous pyrolysis architecture, customer segments (chemical-recycling projects), and geographic focus on chemical majors.

Emerging players

• Brightmark Energy: US-based waste-to-energy company with plastic-to-fuel pyrolysis operations in development. Comparable to Niutech on feedstock focus (mixed waste plastics) and target end products (fuel and chemical feedstocks), with primary geographic focus on North America.
• Pyrowave: Canadian microwave-based catalytic depolymerization company focused on polystyrene recycling. Operates in the same plastic-to-feedstock pyrolysis space as Niutech but with a different (microwave) heating technology and a narrower feedstock focus.
• BlueAlp Technology: Dutch pyrolysis technology company developing modular plastic-to-feedstock systems. Targets the same chemical-recycling end market as Niutech's Danish plastic pyrolysis line, with a European base that may give it regulatory and customer-proximity advantages.

Broad incumbents

• Veolia Environmental Services: Global environmental services and waste-management incumbent operating hazardous-waste treatment and circular-economy infrastructure across the EU. Competes broadly with Niutech for industrial waste-management contracts and could integrate pyrolysis technology into its portfolio.

Others

• BASF (Circular Economy / Chemical Recycling division): Global chemical major that has invested in Niutech and uses its pyrolysis oil as feedstock for the 'Chemical Recycling' initiative. While not a direct equipment competitor, BASF is the most influential buyer in the chemical-recycling value chain and sets technology preferences that shape Niutech's competitive landscape.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/niutech_energy
• YouTubeyoutube.com/channel/UC0-Fiohsju0KNCX4DiNUGeg/featured
• Facebookfacebook.com/niutechpyrolysis

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Niutech