TAGS: Sustainability and Bioplastics
Borouge Plc (“Borouge” or “the Company”) and Tadweer (Abu Dhabi Waste Management Company) signed a Memorandum of Understanding (MoU) to explore opportunities in the management and adoption of best practices in waste management, sorting and mechanical recycling of polymers.
Paving the Way for a Circular Economy in the UAE
Hazeem Sultan Al Suwaidi, chief executive officer of Borouge, said, “
We are very pleased to collaborate with Tadweer to promote and implement stronger circular economy initiatives in the UAE. Together, we are exploring innovative ways of sorting and recycling polymers in alignment with national and international best practices. The MoU is in line with our continuous commitment to the wellbeing of society and preservation of environment. Sustainability is and will remain an integral part of our operations and culture that enables us to reduce risks and drive positive growth towards a brighter and more sustainable future.”
Eng. Ali Mohamed Al Dhaheri, managing director and chief executive officer of Tadweer, said, "
In this pivotal moment for sustainability, Borouge and Tadweer will unite to pave the way for a circular economy in the UAE. Together, we will embark on a transformative journey to redefine waste as a valuable resource and a catalyst for sustainable development. Our partnership is not just about recycling polymers; it's about reimagining our impact on the environment, society, and the economy. We stand committed to crafting a legacy where waste becomes the cornerstone of innovation and where we build a brighter and more sustainable future for all."
Borouge and Tadweer will explore further opportunities in polymers waste sorting for mechanical recycling and the development of a sustainable ecosystem, to secure the generation of high-quality polymer recyclates using different technologies. Furthermore, the partners will join forces to establish business development and benchmarking frameworks which unlock value added business opportunities through potential joint investments in brown and greenfield assets. The agreement reinforces Borouge and Tadweer’s industry positions and supports their circular economy ambitions.
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Both companies will be collaborating in supporting local regulatory frameworks related to the sustainable and efficient management of polymer waste. This includes the launch of public initiatives and campaigns to boost awareness about best practices in polymer waste management and recycling.
Committed to driving circularity for a zero-waste environment, Borouge has increased the number of strategic partnerships with recycling companies and expanded its product portfolio of sustainable solutions. Currently, Borouge has 18 partnerships across eight countries serving its key territories in the Middle East and Asia-Pacific, marking an important milestone in its ambitions towards realising its 2030 strategy.
Source: Borouge
