Germany's Alba Group announces plans for $1.2-billion scrap recycling park in China

<p>Scrap recycling and environmental services company Alba Group of Germany recently signed an agreement with its Chinese partner to set up a hi-tech scrap recycling park in China's Sichuan province. The plant to be built at a total cost of US$1.2 billion will recycle a wide variety of scrap commodities including aluminium scrap.</p> <p>Alba Group said in an official statement that the project named &ldquo;Deyang Resource Recycling Industrial Park&rdquo; will be developed in collaboration with Deyang Construction Investment and Chengdu Techcent Environment Co. Ltd. The agreement was signed in Berlin in presence of Chinese Prime Minister Li Keqiang and German Chancellor Angela Merkel.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/AlbaGroup.png" alt="News" width="517" height="341" /></p> <p style="text-align: left;">The Deyang Resource Recycling Industrial Park will be built on an area measuring over 3.3 square kilometres approximately, and will be equipped with state-of-the-art treatment and recycling plants. The company assured that the facility will strictly adhere to all environmental norms in order to minimize pollution and waste. Transportation cost reduction also remains one of the major objectives of the plant, Alba said in a statement.</p> <p>The company intends to recycle aluminium scrap among other wastes in order to strategically mobilise scrap generated within the country.</p> <p>{googleAdsense}</p> <p>The Deyang Resource Recycling Industrial Park is being looked at as a model for sustainable waste management in China. ALBA Group CEO Axel Schweitzer said that the proposed recycling park will serve as a frontrunner of many similar projects that are about to come up in the country in the near future.</p>