Shandong Hongqiao Scholz Circular Economy Science & Technology Co., Ltd. was established in November 2020, with a registered capital of 50 million yuan. It was jointly funded by China Hongqiao Group and Germany Scholz Group, focusing on the recycling of recycled metals and resource reuse. The company's key project, Sino-German Hongqiao Scholz Circular Economy Science & Technology Park, is located in Zouping Economic and Technological Development Zone, Binzhou City, Shandong Province. It is committed to building an International high-standard recycling industrial park with a total investment of 1.5 billion yuan, covering an area of more than 500 mu and a building area of more than 300000 square meters. It is mainly built around the "3 + N" mode, namely, the recycling and dismantling of scrapped motor vehicles, the recycling of aluminum and the recycling of power batteries. At the same time, we will build a sustainable renewable resources industrial cluster from the raw material end, and create a circular economic system of green disassembly and high-value recycling in the "China Aluminum Valley Ecological Zouping".

The company adopts advanced scrapped motor vehicle disassembly technology, highly automated metal crushing and sorting technology and recycled aluminum impurity removal and non degradation use technology, introduces sophisticated process equipment, relies on the strong resource advantages of China Hongqiao Group, the rich industrial information management experience of Scholz Group and the advantages of the upstream and downstream industrial chains of both sides,driven by the recycling and dismantling of scrapped motor vehicles and the comprehensive utilization of scarap aluminum,adhere to the orientation of talent cultivating and innovating. Focusing on high value-added products and all-round solutions, we will accelerate the digitization and intelligent upgrading of the renewable resources industry. We will build a large-scale domestic information logistics trading platform for scrap car recycling, cans and scrap aluminum recycling, scrap car parts and remanufactured parts, and promote the coordinated development of industries such as scrap machine and motor car recycling parts and parts remanufacturing, scrap steel, scrap, non-ferrous metals, recycled aluminum and aluminum alloys, it is a key link to fill the "recycling" of Binzhou aluminum industry chain.

The first phase of the project is planned to dismantle 40000 scrapped vehicles and produce 200000 tons of recycled aluminum annually, including 6 production lines for pre-treatment of scrapped vehicles and 2 crushing lines, which have been put into operation in June 2022; One set of metal sorting line and five production lines of recycled aluminum have been built and put into operation in May 2022. After the two projects are completed and put into operation, they will save 95% energy per ton of recycled aluminum, reduce carbon emissions by more than 85%, and reduce carbon emissions by 800000 tons per year. The second phase of the project is planned to add 60000 scrapped vehicles and 300000 tons of recycled aluminum capacity, which will reduce carbon emissions by 1.1 million tons per year on average. At the same time, the project of recycling 50000 retired power lithium batteries has been initiated to promote the construction of power battery recycling and echelon utilization system. After the completion of the project, it will build a modern, automated, collaborative, green and environment-friendly metal mineral circular economy industrial base in Binzhou.

After the completion of the Sino-German HongqiaoScholz Circular Economy Science & Technology project, it will produce 500000 tons of recycled aluminum annually, recover and disassemble 100000 scrapped motor vehicles annually, and achieve an output value of more than 10 billion yuan. The project integrates dozens of upstream and downstream industrial chain companies of scrapped motor vehicles, power battery recycling and waste aluminum recycling. With the technical advantages, equipment advantages, territorial advantages, volume advantages and cost advantages of Sino-German joint ventures, it is bound to create a new future for China's industrial energy conservation and environmental protection industry and green circular economy.