Dalian Shipbuilding Industry, China largest state owned shipbuilder is constructing possibly the world biggest green’ recycling yard facility.

The state of the-art recycling yard on Changxing Island in northern Liaoning province will sit on 460,000 square metres of land, and will commence operations in June 2012. The yard will be capable of breaking down about 75 ships a year ranging from 50,000 DWT to 300,000 DWT. The site would be able to recycle up to 1 million tonnes per year. Scrap steel cut from dismantled ships will be melted to create new steel that will then be used by Dalian Shipbuilding to build new ships.

Dalian Shipbuilding owned by Shanghai listed China Shipbuilding Industry Corp has invested CNY 900 million into the project. The yard, named Dalian Shipbuilding Industry Ship Recycling is 67% owned by Dalian Shipbuilding, 18% owned by Singapore Pacific International Lines and 15% by Angang Steel.