Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 97

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 97
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 the supply chain continues to be driven by policy support and increased environmental awareness. Notably, China’s Import Ban of Solid Waste launched in 2021, which prohibits the import of waste paper, has prompted companies to establish closed -looprecycling networks, contributing to the enhancement of local recycling systems. Furthermore, China and several Southeast Asian countries, including Thailand and Vietnam, have adopted the Extended Producer Responsibility (the “EPR”) system, which imposes obligations on companies to assume responsibility for the environmental impacts throughout the product’s life cycle, from its design to its waste disposal. These policy shifts have fundamentally changed the recycling landscape across Asia. With China no longer accepting imported waste, neighboring countries are now under pressure to develop their own recycling capabilities to manage increasing waste volumes. This has led to significant investment in domestic recycling infrastructure throughout the region, as countries adapt to handle waste that was previously exported to China. Conversely, the radiation effects of the UN Global Plastics Treaty and the EU Packaging and Packaging Waste Regulation (the “PPWR”) will continue to incentivize Asian companies to replace plastic packaging with waste paper. The synergies between policy and circular economy objectives will drive continued growth in Asia’s paper consumption market. The Asian region is a key producer and consumer of pulp and paper on a global scale. In comparison with virgin pulp, the price of waste paper is more stable and lower cost. This is particularly advantageous in contexts where resources are scarce and prices are volatile. In Asia, particularly in Southeast Asia, labor costs are relatively low, 67 which makes the collection, sorting and processing of waste paper relatively low cost. Furthermore, the continuous advancement of waste paper recycling technology has led to significant improvements in the quality and performance of recycled paper, thereby meeting the demand for the production of high -endpaper products. The convenience of raw material supply and cost advantages support the importance of waste paper in the Asian paper industry, and its consumption will continue to grow with the development of the industry. Market Outlook of Recycling Industry in Southeast Asia Japan’s high plastic recycling rate and battery recycling rate serve as a benchmark for Southeast Asia. Japan’s success stems from advanced infrastructure, mandatory recycling laws, and public participation in source separation, which Southeast Asia countries could emulate. The lower recycling rates in Southeast Asia reflect underdeveloped systems, but the region’s younger infrastructure allows for leapfrogging to advanced technologies like pyrolysis, unlike Japan’s established mechanical recycling focus. The recycling industry in Southeast Asia is poised for significant growth, driven by increasing waste generation, environmental concerns, supportive policies