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Tuesday, 25 October 2022

UAE and Egypt get a move on waste management plans

MENA waste management gets another push: Egypt and the UAE each added another waste management plant to their roster yesterday.

Egypt opened the doors to a solid waste recycling plant… Egypt’s environment and local development ministries inaugurated a USD 165 mn solid waste recycling plant in the country’s Dakahlia governorate, according to a cabinet statement yesterday. The plant will have a daily capacity of 640 tons. The government has so far allocated EGP 1.4 bn (USD 71.1 mn) for a waste management program in Dakahlia dedicated to reducing and repurposing waste, the statement notes.

…while the UAE’s Renov8 will invest USD 150 mn to set up a mixed plastic recycling facility in Abu Dhabi: The UAE’s trade, logistics, and industry hub Khalifa Economic Zones Abu Dhabi (KEZAD) Group signed an agreement with industrial recycling player Renov8 Polymer Industries to establish an AED 552 mn (USD 150 mn) mixed plastic waste recycling facility at KEZAD’s Polymer’s Park, according to a WAM statement yesterday. No information was given about the time frame for getting the facility up and running.

Carbon trading is also in the mix: The facility will make use of Abu Dhabi’s planned carbon trading exchange platform, which is set to be the world’s first, according to the statement. But it’s not UAE’s only one: Rebound — a subsidiary of Abu Dhabi-based International Holding Company (IHC) — also launched a global B2B digital trading platform for recycled plastics in September.

What’s Renov8? A subsidiary of UAE manufacturing firm Just Right, Renov8 offers industrial recycling solutions to global businesses. It also provides services that include plastic recycling, aluminum composite panel (cladding) manufacturing, and plastic granule production.

IN OTHER WASTE MANAGEMENT NEWS-

Imdaad and Dubal Holding eye green projects in Dubai: Dubai-based facilities management company Imdaad and investment firm Dubal Holding signed an MoU to co-invest in and develop environmentally-friendly projects in the UAE, WAM reports. Imdaad is a subsidiary of the Investment Corporation of Dubai.

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