JIC Leasing Shanghai recently provided financial leasing services to a city in East China to promote the construction of its construction waste resource utilization project, thus assisting in the development of the green recycling economy.

As a renewable resource, construction waste can be converted into recycled coarse (fine) aggregate, recycled powder, redundant soil and other recycled materials after sorting, culling or crushing. Recycled materials can then be made into recycled concrete and mortar, fireproof products and other items.

In order to effectively control construction waste in recent years, China has set an overall utilization goal for this form of waste over the 14th Five-Year Plan Period, providing significant policy support and encouragement. In July 2021, the Circular Economy Development Plan for the 14th Five-Year Plan Period issued by the National Development and Reform Commission proposed that, by 2025, the efficiency of resource utilization has to be greatly enhanced. The replacement ratio of renewable resources to native resources will also be further improved, with support and guarantee for the role of the circular economy for resource security further highlighted. As a result, the overall utilization rate of construction waste should be able to reach 60%. With strong state support, various provinces and cities have also introduced local policy planning, putting forward more specific goals and supporting policies for local construction waste management over the next five or ten years.

JIC Leasing Shanghai is working with a construction waste recycling and production enterprise on the city’s first construction waste recycling project. After this project is completed, the production line will have an annual construction waste disposal capacity of about 1 million tons, and be responsible for handling the city's construction waste recovery and recycling. The project is thus of great significance to the local development of the circular economy, energy conservation and emissions reductions, as well as the implementation of a sustainable development strategy.

JIC Leasing vigorously promotes the development of green and low-carbon business, supports the real economy, and contributes to the development of sustainable industry through practical actions.