Recently, Hichain Circulation signed a "Cooperation Agreement on the Recycling of New Energy Materials Resources" with the Management Committee of Dongbao Industrial Park in Hubei Province, China Gezhouba Group Cement Co., Ltd. and Gezhouba Jingmen Cement Co., Ltd., with a total investment of 1 billion yuan, planning to build a 50,000 ton/year lithium battery recycling project in Jingmen.

The three parties will work together to stimulate the scale and technical advantages of the project, provide supporting services for the new energy battery industry in Jingmen and surrounding areas, form a "big cycle" industrial chain from the scrap end to the green consumption end, and inject strong power into the construction of the two pilot zones in Dongbao District, so as to upgrade the empowerment of the whole life cycle industrial chain and industrial ecology of Jingmen City from battery material production to battery core manufacturing to waste battery hierarchical utilization.