Facility to be set up in RAKEZ
Ras Al Khaimah Economic Zone (RAKEZ) recently welcomed Royal Gulf Industries, a state-of-the-art lead acid battery recycling company.
A subsidiary of Hyderabad Castings Limited and part of Nakhat Group, the new company is set to invest AED 62.4mn (US$ 17mn) to construct the UAE’s first environment-friendly automotive battery recycling centre on 110,000sqft of land at Al Ghail Industrial Zone.
Royal Gulf Industries will employ more than 150 people in its facility, which is set to be ready in the fourth quarter of 2022, a press communique stated.
The company aims to recycle up to 35,000MT of used lead acid batteries annually. This will produce 21,500 tonnes of lead ingots and 2,400MT of plastic granules. Both materials will be largely exported to India, Japan, Korea, China, and Europe for the manufacturing of new lead acid batteries and cases. This activity accounts for recycling around 58% of the lead acid battery scrap generated in the UAE.
Ramy Jallad, Group CEO, RAKEZ, and Yogesh Nakhat Jain, Managing Director of Royal Gulf Industries, marked the beginning of the recycling unit’s construction during a recent signing ceremony held between the two parties at the RAKEZ Compass Coworking Centre.
“We aim to collect waste batteries not just from the UAE, but also import from around the world to make Ras Al Khaimah a hub for recycling,” affirmed Hanuman Mal Nakhat, Chairman, Royal Gulf Industries.