Wreckdock has recently made headlines for its proposal to build a sustainable and secure facility in Saudi Arabia, complete with a fully serviced labor compound for its employees. This presents an exciting investment opportunity for those seeking to support a world-class and environmentally conscious venture.
The facility will comprise of four drydocks, ranging from 350 to 500 meters in length, and eight quays equipped with heavy-duty cranes, magnets, and other machinery tools. Wreckdock aims to dismantle end-of-life vessels within two weeks, adhering to strict regulations for recycling all raw materials and trading them with the company’s suppliers for repurposing. The facility will operate in compliance with industrial requirements such as BIMCO Recyclecon, The Hong Kong Convention, and the EU’s Ship Recycling Regulation.
Wreckdock Vessel Recycling adopts a circular demolition approach, striving to reuse the maximum amount of demolition waste from decommissioning projects, or convert it into raw material for accredited customers. Every incoming vessel requires a vessel recycling project plan, which includes an inventory report of hazardous materials and a detailed recycling plan.
Following each vessel recycling project, Wreckdock produces a final recycling report and issues a vessel recycling certificate. By adopting responsible waste management practices, Wreckdock aims to prevent pollution from oil, gasoline, and other harmful materials and stop irresponsible dismantling and recycling of end-of-life vessels on Asian beaches.
The negative impact of dismantling vessels on beaches and oceans is felt worldwide, making Wreckdock’s sustainable approach all the more crucial. The new facility is projected to recycle 48 to 52 end-of-life vessels annually, according to Wreckdock Founder and CEO, Erwin Jager.
Wreckdock collects, processes, and recycles all released materials and resells them to international market parties. The firm also engages in global trade and supply of steel products, financial buying and selling operations, and international trade in ferrous and non-ferrous metals and oil.