Executives at the signing ceremony
Saudi Investment Recycling Co. (SIRC) inked a memorandum of understanding (MoU) with the Royal Commission for Jubail and Yanbu (RCJY) to implement integrated solutions of waste management and recycling of mining, industrial and non-industrial waste in the RCJY cities.
The MoU is aimed at reaching 100% of diverting waste from landfills by 2025, increasing the percentage of recycling, in addition to cutting greenhouse gas emissions, according to the company’s statement.
The MoU also seeks to create new investment opportunities, generate energy from waste (EfW), reach sustainability and circular economy and improve the quality of life and environment.
According to data compiled by Argaam, SIRC was established in 2017 as a wholly-owned subsidiary of the Public Investment Fund (PIF), headquartered in Riyadh. The company works on developing and operating many activities in the recycling field.
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