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 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.
