Shenzhen-based recycling firm Carbon Zero Technologies International, which is eyeing a US listing, is aiming to replicate its success in mainland China globally despite geopolitical uncertainties, according to its founder.
Carbon Zero, founded in 2016, operates an online platform that dispatches recycling orders from individuals, retail outlets and consumer brands to its recycling personnel. With thousands of physical sorting centres across China, the company then sells recycled items to dismantling and disposal firms.
“The recycling industry in China is relatively fragmented … with a large number of individual practitioners,” founder and CEO Baitong Tang said in an interview last week. “There is a need for a platform-based company or a formal recycling system to effectively integrate these scattered and disorderly operations. Our model happens to address this issue.”
Last year, Carbon Zero generated revenues of nearly 4…
