Yulong Eco-Materials Limited announced that it has signed an agreement to process and recycle construction waste in Zheng Dong New District of Zhengzhou City and has commenced work on the project in the District's Gaozhuang administrative village. As a result of the agreement, signed with the District's Municipal Construction Office, Yulong – on a timetable set by the Construction Office – will service each of the District's 28 administrative villages as may be assigned by the Construction Office, and will receive approximately $2.35 (RMB 15) per cubic meter of construction waste processed. In Gaozhuang, Yulong expects to recycle roughly 586,000 cubic meters of construction waste, generating nearly $1.4 million in revenue.