Polymers Park, 30,000sqm facility will process mixed plastic waste and support Abu Dhabi’s circular economy
Khalifa Economic Zones Abu Dhabi (KEZAD) Group recently signed an agreement with Renov8 Polymer Industries Ltd, part of leading manufacturer Just Right, for the establishment of an advanced recycling facility at KEZAD’s Polymers Park. The move will boost Abu Dhabi’s transition towards a circular economy.
With business activities in over 47 countries, Just Right is a global leader in the manufacturing of high-quality cladding solutions and printing media. Through its subsidiary, Renov8 Polymer Industries, the group is expected to bring its best-in-class practices to Abu Dhabi to deliver one of the region’s most sustainable polymer projects.
Under the agreement, Renov8 Polymer Industries will invest AED 552mn (US$150.3mn), to develop a 30,000sqm plot in KEZAD’s Polymers Park, as well as an expansion plot of 38,000sqm adjacent to the primary facility, for the recycling of mixed plastic waste.
The facility will also benefit from Abu Dhabi’s upcoming carbon trading exchange platform, set to be the world’s first fully regulated carbon trading exchange and carbon clearing house.
“The new facility will be a pioneering showcase of innovation and sustainability in plastic production and the remanufacturing of plastic waste,” asserted Mohamad Al Khadar Al Ahmed, CEO, KEZAD Group.
“Renov8 will greatly benefit from the integrated platform that KEZAD offers, with proximity to Khalifa Port providing greater access to global consumer markets,” commented Nilesh Jain, Founder & CMD, Renov8 Inc.