On October 18, a significant development took place in Tianjin as the China Resources Recycling Group Co., Ltd. (China Resource Recycling Group) was officially established. This newly formed central enterprise is set to make a major impact on the field of resource recycling.
On October 18, a significant development took place in Tianjin as the China Resources Recycling Group Co., Ltd. (China Resource Recycling Group) was officially established. This newly formed central enterprise is set to make a major impact on the field of resource recycling.
With a registered capital of 10 billion yuan and the State-owned Assets Supervision and Administration Commission of the State Council as the investor representative, the China Resource Recycling Group is poised to play a crucial role in creating a national functional platform for resource recovery and reuse.
In terms of its equity structure, it is a collaborative effort involving several major players. The State-owned Assets Supervision and Administration Commission, China Baowu Steel Group Co., Ltd., China Petroleum & Chemical Corporation, and China Resources (Group) Co., Ltd. each hold 20% of the shares, while Aluminum Corporation of China Limited and China Minmetals Corporation each hold 10%.
This new enterprise reflects China's commitment to sustainable development and resource conservation. By focusing on resource recycling, it aims to contribute to a more circular economy and reduce the environmental impact of industrial activities.
As the world increasingly turns its attention to sustainable practices, China's establishment of the China Resource Recycling Group is a step in the right direction. It is expected to set an example for other countries and industries, demonstrating the importance of resource recycling and the potential for large-scale collaboration in achieving environmental goals.