Green Tech Solution Inc., a subsidiary of a China-based investment company called Tianjin Sheng Xin Non-Financing Guarantee Co. Ltd., is planning to build a $75 million recycling plant in Blacksburg, South Carolina, according to a news release issued by the South Carolina Department of Commerce.
The facility is expected to collect and process a range of recyclable materials, including plastic, metal and electronic scrap. It is expected to begin operating in the second quarter of 2019.
The company has received economic assistance from the state of South Carolina, including the state’s Coordinating Council for Economic Development, which has approved job development credits related to the project.
“We could not be more excited to locate our new recycling operations in Cherokee County, a location that has everything we need for our investment to succeed,” says Richard Yang, CEO of Green Tech Solution. “None of this would be possible without the assistance of the local and state allies [who] have supported our new endeavor.”
South Carolina Gov. Henry McMaster says, “South Carolina has been attracting business from all over the world for years because we have worked hard to create a business-friendly climate and a workforce that is second to none. We’re thrilled that Green Tech Solution Inc has chosen to join the ranks of international companies that call our state home, and look forward to many years of success.”