Waste tire processing project to be kicked off in Hubei

Beijing Shenwu Environment & Energy Technology Corp. and Hubei-based Changjiang Industrial Investment Group have inked a strategic cooperation agreement.

The two sides decided to launch comprehensive strategic cooperation over the green ecologic projects, value nearly 48 billion yuan, being constructed and planned for approval.

Relevant projects include waste tire processing, pyrolysis of house refuse, phyllostachys pubescens processing, comprehensive disposal of crop straws, arundo donax planting and comprehensive utilization, high-end alloy material production, and coal-to-chemicals via acetylene.

According to Shenwu Group, with the newly-established Changjiang Industrial Fund, a number of revolutionary technologies for energy saving and emission reduction, comprehensive resource utilization will be applied by relevant projects in Hubei.

Shenwu Group is renowned Chinese company in the energy saving and environmental protection sector that engages in research, development and transfer of technologies to use fossil fuel, mineral resources and renewable resources effectively and cleanly.

The company was established in 1996 and it owns 9 subsidiaries now (including two A-share listed firms).