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Sancon Helps China To Develop a ''Green'' Economy

Posted on: Tuesday, 29 January 2008, 09:00 CST

After two decades of strong economic growth, China has emerged as an economic and political world power. China currently consumes over 40% of the world's cement, one third of its steel, one quarter of its copper and 40% of the world's coal, but this growth has not been without consequences. According to the Chinese official statistics, China ranked number one in the world in 2006 in its chemical oxygen demand (COD), a key water pollution index, 62% of China's major water systems and 90% of its metropolitan river streams are considered polluted. However Judging from the Chinese government's 11th Five Year Plan and the recently held 17th National Congress conference, it seems that China is determined and may stand to become a world leader in green technologies and sustainable environment development.

China's 11th Five-Year Development Plan and "Go Green" Policies

During the 17th National Congress of the Communist Party of China held in October 2007, environmental protection was positioned at the centre stage of its macro policies. One of the keynotes delivered by President Hu Jintao was for China to "Promote a conservation culture by forming an energy and resource-efficient and environment-friendly structure of industries, pattern of growth and mode of consumption". Other state officials also indicated that more "go green" economic policies will be deployed in China, including taxation, charging polluters, subsidies to those giving up profits for the sake of the environment and preferential financing policies for the eco-friendly industry. In a country where most trends are still navigated by the central government policies, the Chinese government is clearly committed in repairing their environment and reducing future damages.

The Chinese government has already included a goal of building an energy-efficient, less resource-intensive and more sustainable society in its 11th Five-Year Plan for 2006-2010. The plan will be the central guiding document for China's development over the five years period. It includes several key initiatives in use of recovered resources, energy conservation, and adopting tougher environmental protection laws for all entities. In the plan China will commit to invest over USD $157 billion in environmental protection projects between 2006 and 2010. This investment is double that of the previous five years and equal to approximately 1.5% of the country's GDP over this period.

Sancon Helps China To Develop a Green Economy

According to China National Resources Recycling Association and energy experts, China's import of recycled raw material grew from 1-2 million tons per year in the early 1990's to over 50 million tons per year in 2007, demonstrating its thirst for resource materials. China's fast growing economy currently requires 50 percent more energy per unit of output than the global average, five times more than the United States and 10 times more than Japan. While global natural resources continue to increase in demand and price, China will need to develop its own resources recovery and green energy market to continue its economic growth.

Sancon Resources Recovery Inc. is a fast growing environmental services company that has found its niche in China's effort to "Go Green". Sancon started its business in Melbourne, Australia in 2002, offering waste management and industrial solid waste recovery services to large industrial and consumer companies. It expanded into China in 2006 due to the background of its CEO Mr. Jack Chen, a China-born waste expert with many years of operating experiences in recovered resources trading. Since Sancon began its China expansion, it has launched a network of waste recovery plants around China, offering environmental services to fortune 1000 companies. These companies often require quality waste management services on a national wide scale. Sancon recently opened its sixth waste recovery plant in the city of Xiamen in the south eastern part of China, in addition to other five plants located around China.

Mr. Jack Chen, CEO of Sancon commented: "We are facing enormous opportunities here in China for the next decade. The new proposed green economy would be only feasible with companies like Sancon, realizing and supplying China's recycled raw materials for its manufacturers. Our services will also help our clients to reduce energy usage and landfill costs. With our investments and plants built out in the last two years, Sancon is now able to service as many as 30 Chinese cities in waste recovery with its logistic operations. Sancon today is perhaps the only environmental service company in China with such wide scope of coverage and high service standards. Sancon is well positioned to help China's effort of going green and claim a leadership position in the industry."

About Sancon Resources Recovery Inc.

Sancon Resources Recovery Inc. (OTCBB:SRRY) is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The recycled materials are purchased by Sancon's manufacturing customers in China to make a wide variety of new products including outdoor furniture, construction materials, road surface, and various new products. Sancon's China operation is licensed by the Chinese government for waste management services, and is certified with ISO 9001 and ISO14001 standards. For more information please visit: www.sanconinc.com

Forward-looking statements:

The statements made in this press release, which are not historical facts, may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

Source: Business Wire

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