Circular economy model in steel scrap industry in Ba Ria – Vung Tau province

Although the circular economy is a relatively new concept, local governments have actively promoted it to protect the environment. It may be claimed that people’s devotion to the environment, which is currently at risk of serious degradation, has evolved into the circular economy.

The benefit of being the nation’s energy center is just one of several advantages Ba Ria Vung Tau has in the developed industry. It is clear that it is necessary for the development of steel mills. The province of Ba Ria Vung Tau has struggled for a long time to find a solution to the problem of handling the steel industry’s waste, a particularly harmful form of industrial solid waste.

A considerable volume of steel waste is produced in the roughly a dozen steel mills that make up Phu My 1 Industrial Park. Prior to 2018, a variety of businesses handled steel waste, but most of them did it by landfilling. To cut costs, some industries sneaked large amounts of steel waste into the environment, with negative effects that would last for hundreds of years.

Thanh Dai Phu My Joint Stock Corporation, which produces construction materials and cement additives, was established in Phu My Industrial Park in 2018. Steel waste is the primary input material. The monthly processing capacity is approximately 50,000 tons of steel waste. Following four years of operation, the company’s owner is pleased to report that it has gathered the majority of the steel waste from the companies in the Ba Ria – Vung Tau province, allowing it to produce valuing industrial products.

“The waste generated during the steelmaking process in the province of Ba Ria – Vung Tau serves as our input material. We have thoroughly addressed environmental issues and processed and recycled steel for all steel factories. We have recycled steel waste that we have obtained from steel mills into goods including construction materials, cement additives, high-quality concrete, and cast-in-place concrete structures.

Mr. Nguyen Huu Dat – CEO of Thanh Dai Phu My Joint Stock Company.

News reported by: BRT TV