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SABIC to establish its first chemical recycling project in Saudi Arabia

April 07/2021

MOSCOW (MRC) -- SABIC, a global leader in the chemical industry, is looking at converting plastic waste into a form of oil as part of its circular economy push and also plans to establish its first chemical recycling project after signing an initial agreement with Saudi Investment Recycling Company (SIRC), a unit of the Public Investment Fund, reported ArabNews.

This strategic collaboration will help us in our efforts to contribute to fulfilling the Kingdoms waste management objectives aligned with Saudi Vision 2030, said Yousef Al-Benyan, SABIC vice chairman and CEO.

This also reinforces the Saudi G20 Presidencys commitment to Circular Carbon Economy (CCE) ensuring a sustainable future focusing on environment, energy and climate, he added.

Mixed plastic waste is aimed to be used by SIRC as feedstock to be converted into pyrolysis oil. The company will source, collect, sort and supply the feedstock for the chemical recycling facility from municipal solid waste.

Pyrolysis oil can be used for several purposes including producing heat, cooling and general electricity.

As MRC wrote previously, SABIC has also announced the launch of a new recycled material made from ocean bound plastic which has been recovered from ocean-feeding waterways and inland areas within a 50 kilometer radius of the ocean. The ocean bound material is mechanically recycled and converted into components for new consumer goods and electronics applications, such as TV remote controls and electronic razors. It has the potential to also be used in other industries in the future, such as automotive. Part of SABICS TRUCIRCLE portfolio and services, the new recycled material is a XENOY PC/PET compound comprising of a minimum 10% recycled ocean bound PET blended with polycarbonate (PC).

According to MRC' ScanPlast report, Russia's overall consumption of PC granules (excluding exports from Belarus) totalled 8,100 tonnes in January 2021, up by 20% year on year (6,800 tonnes a year earlier).

Saudi Basic Industries Corporation (Sabic) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.


mrcplast.com
Author:Margaret Volkova
Tags:PC, crude and gaz condensate, PET-granulate, sheet extrusion, car components, petrochemistry, recikling, Sabic, Russia, Saudi Arabia.
Category:General News
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