Nanshan Aluminum establishes renewable resource company
2021-08-03 15:46:56 [Print]
On the evening of August 2, Nanshan Aluminum announced that in response to the 14th Five-Year Plan for Circular Economy Development of China, the company plans to establish a joint venture with Unite New-Tech to effectively implement the peak carbon dioxide emissions and carbon neutrality policy and promote the recycling of aluminum resources. The joint venture is tentatively named as Longkou Nanshan Renewable Resources Co., Ltd. and is mainly engaged in the processing and sales of metal scrap and debris. The registered capital is 330 million yuan (51.05 million US dollars), of which the company plans to invest 198 million yuan (30.63 million US dollars) with its own funds, accounting for 60% of the registered capital, and Unite New-Tech plans to invest 132 million yuan (20.42 million US dollars) with its own funds, accounting for 40% of the registered capital.
The joint venture is mainly engaged in the comprehensive utilization project of secondary aluminum. The recycling sources are mainly tank body, tank cover, waste of automobile plate plants and cans recycled from the market, with additional aviation material milling debris. After the proposed project is approved and completed, Nanshan Aluminum will increase its secondary aluminum alloy materials by 100,000t.
The joint venture is mainly engaged in the comprehensive utilization project of secondary aluminum. The recycling sources are mainly tank body, tank cover, waste of automobile plate plants and cans recycled from the market, with additional aviation material milling debris. After the proposed project is approved and completed, Nanshan Aluminum will increase its secondary aluminum alloy materials by 100,000t.
Aluminum Alloy ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' sales volume statistics by province by month
Unit: mt
