The German-based Scholz Recycling Group and Shandong Weiqiao Pioneering Group cooperate in a recycling project in Shandong Province, China.
On 9 June 2020 both companies signed a Memorandum of Understanding (MoU) to develop and operate a recycling park in the City of Binzhou. “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”, said Rafael Suchan, chief executive of Scholz and parent company Chiho Environmental.
Focus on aluminium scrap recycling
The industrial recycling park shall source and secure primarily the need of more than 200,000 t of aluminium scrap for Hongqiao, a Weiqiao subsidiary, and thereby contribute to a wider approach in reducing emissions and becoming more sustainable and environmental-friendly. Hongqiao is one of the world’s largest aluminium producers.
Scholz also leverages its recycling know-how with the new partner to enter the Chinese end-of-life vehicle (ELV) and spare part market. Within the first phase Scholz plans to collect and process up to 50,000 ELVs per year. “This also gives us access to the huge Chinese end-of-life vehicle market,” says Suchan, describing the further growth opportunity for Scholz. Together with the parent company Chiho Environmental from Hong Kong, the next steps must now be worked out in detail.