Dalian Shipbuilding Industry, China's largest state-owned shipbuilder, is constructing possibly the world's biggest 'green' recycling yard facility. The state-of-the-art recycling yard on Changxing Island in northern Liaoning province will sit on 460,000 sqm of land, and will commence operations in June 2012, Seatrade Asia reports
The yard will be capable of breaking down about 75 ships a year, ranging from 50,000 dwt to 300,000 dwt. The site would be able to recycle up to 1m ldt per year. Scrap steel cut from dismantled ships will be melted to create new steel that will then be used by Dalian Shipbuilding to build new ships. Dalian Shipbuilding, owned by Shanghai-listed China Shipbuilding Industry Corp, has invested RMB900m into the project. The yard, named Dalian Shipbuilding Industry Ship Recycling, is 67% owned by Dalian Shipbuilding, 18% owned by Singapore's Pacific International Lines (PIL) and 15% by Angang Steel.
The yard will be capable of breaking down about 75 ships a year, ranging from 50,000 dwt to 300,000 dwt. The site would be able to recycle up to 1m ldt per year. Scrap steel cut from dismantled ships will be melted to create new steel that will then be used by Dalian Shipbuilding to build new ships. Dalian Shipbuilding, owned by Shanghai-listed China Shipbuilding Industry Corp, has invested RMB900m into the project. The yard, named Dalian Shipbuilding Industry Ship Recycling, is 67% owned by Dalian Shipbuilding, 18% owned by Singapore's Pacific International Lines (PIL) and 15% by Angang Steel.