Wuhan City to Build China's First Renewable Resources Exchange

£¨China Aluminum Network£©Wuhan city will build Chin’s first renewable resources exchange—Wuhan Minerals Exchange. Wuhan’s renewable resources will change into modern trade model from traditional business.

Currently waste distribution markets are not big in Wuhan city. Recycling enterprises are generally small and there are just 24 enterprises with sales over one Million Yuan. It is estimated that solid waste exceeded 10,000,000 tons in past year; plastics and other waste reached over 5,300,000 tons and annual recycling profit surpassed 200 billion Yuan. Compared with developed companies, our recycling rate is smaller.

Wuhan city has formulated recycling plan for renewable resources. Wuhan will build a complete industrial chain of "recycling sites, transit point for sorting, distribution market and industrial zone” through building logistics, information service and network trade platforms. It is known that Wuhan city will plan to input 1.14 billion Yuan to build 11 key renewable resources recycling projects.

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