SET-listed Millcon Steel, a Thai steel manufacturer, is seeking partners to co-invest in recycling businesses to add value to scrap under the circular economic concept.
“Steel manufacturing can become cleaner and more energy-efficient if scrap metal is recycled to make new steel,” said Pravit Horungruang, chief executive of Millcon.
The circular economic concept is based on an upcycling process to add value to unwanted materials, making them usable again.
The concept is part of the government’s bio-, circular and green economic model, which encourages manufacturers to make value-added products with no or minimal impact on the environment.
According to Millcon, up to 70% of an unwanted car is scrap metal that can be recycled. The remaining 30% consists of plastics,…
