China Hongqiao and Scholz Join Venture starts the construction of Binzhou’s Recycling Park_China Hongqiao_China,Hongqiao,and,Scholz,Join,Venture,starts,the,construction,of,Binzhou,s,Recycling,Park

China Hongqiao Group Co., Ltd. is one of the world’s largest aluminum producer covering the entire aluminum industry chain. It is specialized in thermoelectric, mining, and producing aluminum products, holding sustainability and social welfare at its core.

China Hongqiao is one of the world’s largest aluminum producer with an annual production capacity of more than 6 million tonnes per year. Innovation-centered and quality-focused, it has a diverse product portfolio that covers the aluminum industry chain and extends into the energy sector.

As one of the largest aluminum producers in the world, China Hongqiao holds its core value of “from society and for society” and keeps committed to social welfare and environmental protection.

China Hongqiao is one of the world’s largest aluminum producers. It was listed on the Main Board of the Hong Kong Stock Exchange in 2011 and it was included as constituent stock by Heng Seng Index Co., Ltd. in 2022. By the end of 2022, its total assets reached RMB 200.34 billion and the number of its employees exceeded 40,000.

It had subsidiaries include Shandong Hongqiao New Material Co., Ltd, Shandong Weiqiao Aluminum and Electricity Co., Ltd, Shandong Hongtuo Industrial Co., Ltd, Yunnan Hongqiao New Energy Co., Ltd, Shandong Hongchuang Aluminum Industry Holding Co., Ltd, and Indonesia PT. Well Harvest Winning Alumina Refinery. which make China Hongqiao one of largest aluminum manufacturer and one of the leading aluminum product manufacturers in the globe.

China Hongqiao employs more than 43,000 workers in its 11 production bases in China and overseas. Hongqiao is dedicated to providing a healthy, safe and comfortable working environment and diverse opportunities.

China Hongqiao Group Co., Ltd. was founded in Cayman Islands and listed on the main board of Hong Kong Stock Exchange in 2011. By the end of 2018, it has a total assets of 176.7 billion yuan and more than 40000 employees. It is a large-scale enterprise integrating thermoelectricity

The Scholz- Hongqiao Joint Venture’sflagship project will significantly contribute to the further development of the circular economy and to the high-quality improvement of the aluminum production.

The 190 million Euro recycling project, which is planned to process up to 40,000 end-of-life vehicles in its first phase by 2022, will save about 800.000 tons of carbon dioxide emissions per year. When the full operational capacity is reached, Scholz will also help Hongqiao to produce 500.000 tons of green aluminum and at the same time will save up to 1.9 million tons of CO2emissions per year.

To be future-ready Rafael Suchan, Chief Executive Officer of Scholz, also announced a feasibility study to recycle 50,000 electric vehicles and their batteries at the new yard to be built. The Scholz-Hongqiao JV plans to use its existing European and German research and development center to contribute in building these new capacities in China.

Our project comprehensively supports the intended enhancement of the circular economy and sustainability development, aiming for this new facility in Shandong Province to pave the way for both Chinese and international industrial players.

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luciayu@hongqiaochina.com