Nanshan Aluminum to set up a joint venture to set up a renewable resources company will add 100000 tons of recycled aluminum alloy production capacity

SMM8: on the evening of August 2nd, Nanshan Aluminum (600219) issued a notice that in response to the national "14th five-year Plan", effectively implement the "double carbon" goal and policy, and promote the recycling of aluminum resources, the company plans to jointly invest with United New Materials Technology Investment Co., Ltd. to establish "Longkou Nanshan Renewable Resources Co., Ltd.", mainly engaged in metal scrap and debris processing and sales business.

The registered capital of the joint venture company is 330 million yuan, of which the company plans to contribute 198 million yuan with its own capital, accounting for 60% of the registered capital, and United New Materials plans to contribute 132 million yuan with its own capital, accounting for 40% of the registered capital.

The joint venture company is mainly engaged in high-quality recycled aluminum grade protection and comprehensive utilization projects, and the recovery sources are mainly tank body, can cover, automobile plate factory process waste and market recovery cans, plus aviation material milling debris material. After the proposed project is approved and completed, Nanshan Aluminum will increase the production capacity of 100000 tons of recycled aluminum alloy materials.

Through the use of waste aluminum as raw materials to produce recycled aluminum products, the energy consumption is less than 5% of the original aluminum production, has significant social benefits in resource conservation, energy saving and emission reduction, and environmental protection, and can effectively respond to the national "double carbon" policy objectives. reduce carbon emissions.

The project adopts advanced waste aluminum recycling smelting process, double-chamber furnace and foreign multi-chamber furnace smelting process, which can effectively improve product quality and enhance product market competitiveness. at the same time, it provides high-quality raw material supply for the company's downstream deep-processed products. In addition, the recycled aluminum project can effectively recover the waste aluminum of the upstream enterprises, and form a matching with the downstream enterprises through the direct supply of aluminum water, realizing the energy saving, emission reduction and clean production of the industrial chain, and filling the gap in the field of recycling and utilization of recycled aluminum in our country.