AFRICA’S ONLY GREEN SHIP RECYCLING COMPANY

Africa’s only Green Ship Recycling Company. 34South is a Development Company in partnership with the Industrial Development Corporation of South Africa Ltd (IDC) 

AFRICA’S ONLY GREEN SHIP RECYCLING COMPANY

Africa’s only Green Ship Recycling Company. 34South is a Development Company in partnership with the Industrial Development Corporation of South Africa Ltd (IDC) 

Our Mission Statement

“34South’s vision is to be the Internationally preferred EU accredited Green Ship Recycling Facility”

“Growing environmental and labour concerns in the global ship breaking industry present a desperate need for green compliant ship recycling facilities.”

– Frost & Sullivan 2021

The EU Accredited Solution in South Africa

18,000 LDT Shiplift Facility

FOR INVESTORS

Nothing short of ground-breaking.

 

The new 18,000 LDT Shiplift Facility in Africa.

 

The proposed new Ship Recycling Facility along the West Coast of South Africa will be the first such facility in the entire African region to meet the standards prescribed by the European Commission (EC). The 34South facility is expected to become the first Green, Compliant, Ship Recycling Centre in Africa.

34South highlights the potential of a Ship Recycling Facility in the region, especially on account of concerns around the industry in India and other Asian countries. Incidentally, India, Bangladesh and Pakistan makes up nearly 90% of the world’s ship recycling market.

The European region lacks plus 10,000 LDT facilities, thus making it necessary for ships to be shifted to Asian destinations for recycling. The lower costs in South Africa compared to Europe, makes it a preferred destination for ship recycling operations. Also, ship owners could save thousands of kilometres by sending their ships to South Africa, rather than sending them to Asian destinations for recycling. The proposed facility will have capacity to process vessels up to 18,000 LDT.

34 South Stakeholders

Denith 

Engineering services provided by Denith Engineering and Denith Africa from Cape Town, South Africa.

IDC

In partnership with the Industrial Development Corporation of South Africa.

Transnet

Transnet National Ports Authority – the South African regulator.

SBIDZ 

Saldanha Bay Industrial Development Zone of South Africa.

IDC Endorsement and Support

 

34South is in partnership with the Industrial Development Corporation of South Africa. The IDC’s role is to enhance the industrial capability of South Africa, and the rest of the African continent, thereby boosting economic growth and industrial development. The IDC has supported 34South in completing a comprehensive Bankable Feasibility Study of its proposed Green Ship Recycling Facility in Saldanha Bay. 

SCRAP METAL, THE NEW GOLD

“As stricter environmental standards are set in place for the steel production industry, the global demand in scrap metal will increase.”

Frost & Sullivan 2020

34South and Frost and Sullivan Relationship
DISCOVER OPPORTUNITY

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