On October 18, a new central enterprise, China Resources Recycling Group Co., Ltd. was officially established in Tianjin. The establishment of China Resources Recycling Group is a specific action in response to the national concept of green development, optimizing the layout of state-owned capital through professional integration, and promoting high-quality development of state-owned economy.

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China Resources Recycling Group was established

The shareholder members of China Resources Recycling Group include Sinopec, China Baowu, China Minmetals, China Resources Group, Chinalco Group and other central enterprises. After the establishment of the Group, it will also expand the recycling business of scrap motor vehicles, household appliances and electronic products and other related durable consumer goods, and retired wind power, photovoltaic modules and other major equipment products.

Ma Yongsheng, chairman of the Party Group of China Petroleum and Chemical Corporation Limited: China Resources Recycling Group will recycle scrap steel, waste power batteries, waste plastics, waste non-ferrous metals, etc., which is conducive to improving energy and mineral self-sufficiency. Taking waste plastics recycling as an example, it is estimated that in 2023, about 43 million tons of waste plastics in China will be incinerated or landfilled, and if 50% of them can achieve chemical recycling, it is equivalent to developing an oil field of more than 60 million tons, which is of great significance to ensure national energy and mineral security.

It is understood that after the establishment of China Resources Recycling Group, it will drive the formation of a number of deep processing industrial clusters in the field of circular economy. Promote the realization of waste receivable in the whole society, can be used up, and greatly improve the quality and level of national economic recycling. At the same time, improve the cascade recycling network composed of central bases, satellite bases and cooperation bases, and improve the scale and intensification of renewable resource recycling.

It will play a backstop role in maintaining the security and stability of the country's strategic resources, enhancing the internal driving force of the domestic great cycle, and improving the security and resilience of the industrial chain and supply chain. Lin Qingmiao, Director of the Enterprise Reform Bureau of the State-owned Assets Supervision and Administration Commission of the State Council: Take the establishment of China Information Environment Group as a new starting point, use modern information technology to smooth the recycling chain of renewable resources, and accelerate the exploration of the formation of a sustainable business model of "new + recycling". To undertake the important task of building and operating a national, functional resource recycling platform, as a firm performer to promote large-scale equipment renewal and the replacement of consumer goods with old ones.

According to the development goals planned by the state:

By 2025

China's recycling output value of resources reached 5  trillion yuan, the annual utilization of bulk solid waste reached about 4 billion tons, the recycling of main renewable resources reached 450 million tons, and the proportion of domestic waste used as resources increased to about 60%.

By 2030

China's annual utilization of bulk solid waste reached 4.5 billion tons, the recycling of main renewable resources reached 510 million tons, and the proportion of domestic waste resource utilization increased to 65%.

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What will the youngest central enterprises do after they are established?

Head office reporter interviews the New Chairman

Secretary of the Party Committee and Chairman of China Resources Recycling Group Co., LTD. Liu Yu: The implementation of resource recycling is a key link and an important measure to promote large-scale equipment renewal and the replacement of old consumer goods with new ones. These waste products and equipment contain a large number of recyclable steel, non-ferrous metals, precious metals, plastics, rubber and other resources. The effective recycling of these resources is equivalent to opening the "second mine", which can reduce the demand for primary resources and reduce the pressure on the natural environment from mineral resource exploitation. At the same time, it also creates a broad market space for the development of renewable resources recycling industry.

Liu Yu believes that as a central enterprise, entering the field of renewable resources recycling, the focus of work can not simply repeat the low-level traditional waste recycling business, more importantly, through scientific and technological innovation, crack the long-standing destructive and barbaric dismantling of renewable resources, and enhance the added value and application field of the back-end products of the reuse resource industry chain. At the same time, as the national team for the utilization of renewable resources, it is more important to establish a service platform for the coordinated development of the whole industry and vigorously promote industry integration and high-quality development.。

Liu Yu: We will seize the opportunity to vigorously develop the circular economy, take the resource integration of central enterprises as the guide, gradually promote the integration of relevant domestic industries, build a comprehensive service platform for the utilization of national renewable resources, and constantly enrich the recycling of waste. We will coordinate and revitalize the recycling and utilization of related resources across the country, and build a multi-level, three-dimensional and efficient resource recycling and reuse system. China Information Group will follow the circular economy concept of reduction, reuse and recycling, build a comprehensive solution provider integrating warehousing, processing, distribution, old for new, standard formulation and output, and strive to become the first explorer of standardized operation mode and standard formulation and output of China's circular economy industry.