BEIJING, Dec. 21,
2022 /PRNewswire/ -- ReTo Eco-Solutions, Inc.
(Nasdaq: RETO) (the "Company") today announced that a consortium
comprised of its subsidiary, REIT Ecological Technology Co., Ltd.
("REITOrdos"), has won the bid to design and operate Ordos solid
waste recycling and land rehabilitation ecology-oriented project
(the "EOD Project"), which focuses on the ecological protection of
Yellow River Basin in China.
According to the bidding documents, REIT Ordos, CCCC First
Highway Engineering Group Co. and Hainan Shiyuan Tongda Private
Equity Fund Management Co. will join forces to design, develop and
operate the EOD Project in Ordos.
The EOD Project involves construction of two coal gangue
recycling plants, with REIT Ordos being responsible for plant
construction, gangue transportation and processing, and the
transformation of gangue residues into recycled materials, such as
block bricks and nutrient soil conditioner. The construction period
is expected to last for three years, with an estimated operation
period of 15 years.
As outlined in the bidding documents, the EOD Project is
expected to process 13 million tons of coal gangue annually,
producing 650,000 tons of low-quality coal, refractory bricks and
other ceramic granules each year. It is also expected to use coal
gangue to produce soil improvement materials and low-intensity
sand. These soil improvement materials are expected to be used to
rehabilitate 150,000 mu of saline, sandy and degraded land,
effectively recycling coal gangue.
Mr. Hengfang Li, Chairman and CEO of the Company, commented, "We
are honored to be part of the team for the Ordos EOD Project and
will utilize our expertise and technological know-how to promote
innovative environmental protection at the Yellow River Basin."
"We believe the EOD Project will be effective in recycling coal
gangue and transforming the residues into ecological resources, as
part of our efforts to promote sustainable development of the
"We hope that the EOD Project will help build an ecological
environment network at the Yellow River Basin that promotes the
development of modern agriculture and provides diverse employment
opportunities in Ordos. Our company is committed to protecting the
ecological environment and continues to explore the potential of
the EOD project model to revitalize rural areas in Ordos and
contribute to the overall sustainable development of economic and
social prosperity in the region."
About ReTo Eco-Solutions, Inc.
Founded in 1999, ReTo, through its proprietary technologies,
systems and solutions, is striving to bring clean water and fertile
soil to communities worldwide. The Company, through its operating
subsidiaries in China, is engaged
in the manufacture and distribution of eco-friendly construction
materials (aggregates, bricks, pavers and tiles), made from mining
waste (iron tailings), as well as equipment used for the production
of these eco-friendly construction materials. In addition, the
Company provides consultation, design, project implementation and
construction of urban ecological protection projects and parts,
engineering support, consulting, technical advice and service, and
other project-related solutions for its manufacturing equipment and
environmental protection projects. The Company also offers roadside
assistance services and software development services utilizing
Internet of Things technologies. For more information, please
This press release contains forward-looking statements.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate," or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies, including those
related to the EOD Project, the Company's future business
development such as municipal construction projects; product
and service demand and acceptance; changes in technology; economic
conditions; the growth of the industries in China in which the Company operates;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China and
assumptions underlying or related to any of the foregoing and other
uncertainties and risks contained in reports filed by the Company
with the Securities and Exchange Commission (the "SEC"). For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
For more information, please contact:
ReTo Eco-Solutions, Inc.
Beijing Phone: +86-010-64827328
email@example.com or firstname.lastname@example.org
SOURCE ReTo Eco-Solutions, Inc.