HOMISON Partners with SEAL to Establish Vertical Supply Chain on e-Waste Recovery and Recycling with New Business Opportunities Explored

HONG
KONG SAR – Media
OutReach – 29 November 2021 – Seal Eco Advanced Co., Ltd. (SEAL, a Hong Kong plastic waste
recycling company) and Homison Solutions Limited (a technology service company),
signed a cooperation agreement today and forged a special supply chain
partnership for e-waste recovery and recycling in Hong Kong. The partnership
will join force to improve the overall performance of the supply chain.

The partnership is expected to
turn the by-products of the e-waste especially plastic waste into useful raw materials
through recycling, including all kinds of recycled plastic products, to realize
the turning waste-into-energy goal.

At the signing ceremony, the
contracting parties called on Hong Kong enterprises to fulfil their corporate social
responsibilities by actively and properly dealing with e-waste and solving the
problem of carbon emissions. It is hoped that this cooperation model will not
only open up local business opportunities for turning waste into energy, but
also provide a successful case for local enterprises in sustainable
development.

According to the Global E-Waste
Monitor 2020, only 17.4% of the e-waste was documented as formally collected
and recycled, with most of the rest sent to landfills.

The
figures released by Hong Kong Environmental Protection Department revealed that
around 70,000 tons of e-Waste and 5,400 tons of plastic waste are generated
annually in Hong Kong, which poses a heavy burden on the environment.

“With the increasing
availability of information technology and the surging demand for data
capacity, the scale of data center is becoming larger and larger. We often have
to install new electronic equipment and replace the old ones for customers. In
the face of the increasing e-waste, we always hope to find appropriate
environmental protection experts to tackle the issue together,” Jason Wu,
CEO of HOMISON, said.

However, the upcycling and
recycling of e-waste among local enterprises has fallen short of expectation
and has yet to become a universal practice. For example, there are less than 20
service providers in Hong Kong that can legally handle e-waste, and the recycling
process has yet to meet the global recovery standard (GRS).

SEAL is one of the few plastic
waste recyclers with GRS Certificate in Hong Kong, which proves that all its
recycling and production processes strictly meet the GRS certification standard.
GRS certification can also ensure that the products produced and manufactured
are really from waste recycling.

In view of this, the two parties
reached a cooperation agreement initiated by the STARS Foundation. It is
planned that HOMISON will be responsible for managing the e-waste and its
by-products collected from customers. While SEAL, upon collection of the
discarded products, will have them demagnetized, drilled and shredded to ensure
no data leakage, and will turn the plastic materials to recycled plastic
particles in their Fanling plant in strict compliance with the regulations of
the Hong Kong Environmental Protection Department. The recycled plastic
particles will be made into various types of recycled plastic products to
reduce new plastics generated from oil mining.

Carla Lam, Marketing Director of SEAL,
remarked, “We are glad to expand our recycling business to electronic
products recycling. We have never stopped to develop high-quality recycled
products to meet the increasing market demand. We hope, through this
cooperation, to enhance our product diversification with more recycling items. If
our partnership could help Hong Kong enterprises reduce the import of recycled plastic
particles from the Mainland or foreign countries, we will be able to significantly
reduce the carbon footprint of transportation.”

Jason Wu of HOMISON said, “Our
commitment on the proper disposal of electronic waste together with practical
implementation has won the trust and support of our customers. We hope to
continue to be the service provider of choice for customers in IT solutions’
business, and protect the environment with concerted efforts.”

MP3 Communications, a strategic
partner of HOMISON, is an innovative communications consultancy. It has also
played an active role in fostering the cooperation. One of its businesses is to
help enterprises apply environmental, social and governance (ESG) strategies,
formulate long-term business policies and promote sustainable development.

Danielle Kwan, Founder and CEO of
MP3 Communications, said, “It is a big trend for enterprises to
incorporate ESG into their operating standards. ESG strategy can help create a
better society, reduce damage to the environment, and create more business
opportunities. We hope to convey our “Inclusion2gather” message to enterprises through
this HOMISON X SEAL partnership. Let’s work together to thrive in life and
business.”

Pak Kwan, Vice Chairman of STARS Foundation,
believes that this cooperation can set another model of voluntary cooperation
among enterprises on proper treatment of e-waste, for the business community
and the public to take reference.

“The cooperation between HOMISON
and SEAL is a proactive response to the Waste Blueprint for Hong Kong 2035
launched by the HKSAR Government in February 2021, advocating “Waste
Reduction‧Resources
Circulation‧Zero
Landfill” (2R1C) including the implementation of municipal solid waste
charges to reduce the per capita disposal rate and improve the recovery rate,” Pak
Kwan added, “The cooperation agreement signed by the two companies provides an
additional way to recover and properly dispose of e-waste, while advocating the
turning waste into energy practice to reduce e-waste and curb pollution.”