There would be a new wastes tire recycling project to be under construction in Nanning Guangxi Province in the near future.
The new project, with total investment of 20 million yuan, is expected to reach 60,000 tons/year of wasted tire recycling production capacity, and could produce 18,000 tons of fuel oil every year, 20,000 tons/year of carbon black, and 9000 tons of steel wire.
Public files show that the investor Guangxi Nanning Shunda Company was founded in May 2020, mainly recycling wasted tires, wasted plastics and wasted lubricating oil， and produce recycling rubber, plastics and bio-oil either.
