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Shandong Weiqiao Pioneering Group and the Yunnan provincial government have commenced work on a green aluminum industrial park in Wenshan prefecture, with an investment of 40 billion yuan ($5.72 billion). The project will create 12,000 jobs and relocate 30% of Shandong Hongqiao's smelting capacity (2.03 million tons annually) from Shandong to Yunnan.
“The capacity to be relocated amounts to 5.4 percent of China's total aluminum capacity, and we want to affirm that they are not new capacity, but what is being swapped from coal-power to hydropower.”chinadaily.com.cn
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