The Third Shaoyang Merchants Conference has been held in Shaoyang, Hunan province.
A total of 20 significant investment programs were contracted at the conference.
Hunan Sangde Hengyu Renewable Resource Technology Co., Ltd. officially signed a waste tire utilization program with Shaoyang government.
With an overall investment of 500 million yuan, the first phase of the program is expected to start operation in 2018 and the second-phase program will operate in 2019.
Upon completion of the entire program, it will recycle 100,000 tons waste tires with annual output value of nearly 2 billion yuan.
