The German-based Scholz Recycling Group and Shandong Weiqiao Pioneering Group Co. have signed a memorandum of understanding to build a recycling industrial park in the Chinese City of Binzhou. Scholz Recycling Group plans to expand its recycling business in China.
Rafael Suchan, Chief Executive Officer at Scholz and its parent company Chiho Environmental Group, signed MoU together with Shandong Weiqiao Pioneering Group Co., Ltd..
“This signature hopefully marks the next step for Scholz and shows that our unique recycling know-how is crucial for securing supply chains sustainably – especially in those difficult times”, Mr Suchan SAID.
The industrial recycling park will source more than 200,000 tonnes of aluminium scrap for Hongqiao, a Weiqiao subsidiary. This will further reduce emissions and become more sustainable and environmental-friendly.
In the first phase of partnership, Scholz plans to collect and process up to 50,000 end-of-life vehicle (ELVs) per annum. “This also gives us access to the huge Chinese end-of-life vehicle market,” said Rafael Suchan.
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