MOSOCW (MRC) -- EQUATE Group, a global producer of petrochemicals, has signed a Memorandum of Understanding (MoU) with Omniya Project Management Company, a plastic recycling firm, in a bid to help close the loop on the plastics economy through the implementation of a joint community recycling program, said the company.
Signed by Naser Aldousari, President & CEO of EQUATE Group, and Sanaa AlGhemlas, CEO of Omniya, the agreement marks the strengthening of a collaborative partnership to develop and support environmental initiatives in Kuwait to minimize resource consumption and reduce waste.
Throughout the program, EQUATE Group will be the exclusive provider, responsible for the design, implementation, and delivery of the 45 Omniya’s plastic recycling containers across various locations in Kuwait. The initiative aims to encourage the community to reduce plastic waste. EQUATE Group will also support the initiative with the maintenance of two compressors used to collect, sort, and recycle waste.
Naser Aldousari, President & CEO of EQUATE Group, said: “Omniya has been a long-standing partner of EQUATE Group, and we are proud to expand the horizon of our cooperation by helping their latest efforts to develop and support recycling initiatives in Kuwait. We are committed to minimizing resource consumption and reducing waste as we aim to shrink our carbon footprint and help the plastics industry transition to a circular economy. Operating in a sustainable economy is a critical area of focus for EQUATE, and we will continue to support initiatives that strive to achieve this goal."
Sanaa AlGhemlas, CEO of Omniya, added: “We are delighted to continue the over 5-year partnership with EQUATE Group and introduce a sustainable plastic recycling model. At Omniya, we’ve been doing a great deal in the region to reduce plastic waste, but in order to reach a circular economy, we need a variety of stakeholders throughout the entire supply chain to participate. EQUATE Group is paving the way among leaders in the plastics industry."
We remind, EQUATE Group has added a new global award to its list of accomplishments, as the MEGlobal BOOKRAMEG Oyster Creek Project has been named an Award of Merit winner in the Power/Industrial category of the ENR Best Project Awards of 2020. The world-scale 750,000 metric-ton-per-annum monoethylene (MEG) glycol and di-ethylene glycol facility (DEG) was constructed in Oyster Creek, Texas ahead of schedule, below budget and with an excellent safety record. It was the first time the EQUATE Group constructed a new EG facility in the United States.