The Saudi Investment Recycling Company (SIRC) landed second on the Forbes list of the most innovative firms in environmental sustainability, according to a statement released this week. SIRC signed an agreement with Saudi Arabia’s state-owned National Agricultural Development Company (Nadec) last month to jointly recycle 400k tons of biowaste annually with the goal of converting the refuse into organic fertilizers.

Forbes also recognized KSA’s Ma’aden as one of the top 10 most innovative businesses in the energy sector in the kingdom, the mining company said in a tweet. A joint venture between Ma’aden and the Public Investment Fund is reportedly prepared to deploy over USD 15 bn of capital for investments in the coming years.

Muscat-based energy company OQ received the Silver Award for Sustainability during the Oman Sustainability Week Awards, according to a company tweet this week. The awards are a yearly national competition that rates Omani companies on their corporate responsibility and sustainability efforts.