-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Veolia.gif?width=200&height=200&mediaprotectionhash=4deca34a0d5a00013b5a0ccdc2dcf98fd2c17aabb57eb7bbb27200552f29c247&ext=.gif)
Harsco, Tisco Celebrate Groundbreaking for Slag Utilization Project
11/14/2011 - The groundbreaking for Harsco Corp.’s new joint-venture slag utilization project with Chinese steelmaker TISCO was celebrated this week in Shanxi Province, China. Harsco anticipates that the metal recovery operations will begin in late 2012.
The groundbreaking for Harsco Corp.’s new joint-venture slag utilization project with Chinese steelmaker TISCO was celebrated this week in Shanxi Province, China. The ceremony was attended by more than 1000 guests and featured presentations from senior Chinese government officials and the U.S. Ambassador to China, Gary Locke.
“Our two great companies are joining to build a strong alliance that not only protects the environment but also advances technology and global best practices,” said Harsco Chairman, President and CEO Salvatore Fazzolari. “This will be the largest and most significant program of its type anywhere in the world.”
Under its previously announced 25-year environmental solutions contract, Harsco will apply its proprietary separation technologies to extract high-value metallic content from TISCO’s steelmaking slag for production reuse. Harsco will also develop commercial market opportunities throughout China for utilizing slag co-products to revitalize potentially thousands of acres of prime agricultural croplands and contribute to a broad range of industrial applications.
“This type of cooperation between companies from the U.S. and China is proof that environmental stewardship is a job-creating enterprise, one that will reap benefits in both of our countries,” said Ambassador Locke. Shanxi Province Governor Wang, Jun added that the project is the province’s largest involving an American company with a focus on building a “green Shanxi.”
As previously announced, the Harsco-TISCO partnership has the potential to generate new revenues of an estimated $30 million in its first full year of operation (2013), ramping up to a projected run rate of approximately $50 million to $60 million per year when fully operational (2015). Harsco anticipates that the metal recovery operations will begin in late 2012, and market development for the agricultural fertilizer and other commercial byproducts will proceed in parallel, with an estimated start date of 2014. When fully operational, the project is expected to utilize 100% of the steel slag generated by TISCO and have zero discharge.
“It has always been the goal of TISCO to develop itself into a truly green and model steel mill,” said TISCO Chairman Li Xiaobo. “The close cooperation between TISCO and Harsco is a most important step towards this goal. Harsco’s advanced technology and expertise gives much needed and valuable support to the success of the project.”
With annual steel production of close to 10 million tonnes, including stainless steel production of 2.75 million tonnes, China’s Taiyuan Iron & Steel (Group) Co., Ltd. (TISCO) ranks as one of the world’s largest steel producers and the number one global producer of stainless steel.
Harsco Corp. is a diversified global solutions company serving major industries that are fundamental to worldwide infrastructure development and economic growth.
