MRC -- Strengthening its commitment to the Gulf Cooperation Council (GCC), the Alliance to End Plastic Waste has signed a Memorandum of Understanding (MoU) with the Saudi Investment Recycling Company (SIRC) at COP28 in Dubai, said the company.
This milestone is complemented by the launch of the Alliance’s first official project partnership in the region with Yalla Return, a technology-powered recycling initiative, alongside the acceleration of eight regional startups via the End Plastic Waste Innovation Platform.
MoU to explore waste management solutions in KSA. On 2 December 2023, SIRC and the Alliance signed an MoU in a strategic alignment with the Kingdom of Saudi Arabia’s (KSA) vision to achieve a 94 percent landfill diversion by 2035 and to establish a robust Saudi circular economy. The focus of this collaboration is to explore effective waste management solutions in KSA, particularly targeting the challenges posed by municipal solid waste (MSW) and specifically plastics. The aim is to implement optimal solutions across the entire value chain, including the collection, sorting, and recycling of plastic waste.
Attended by Ziyad Al Shiha, CEO of SIRC, and Justin Wood, VP and Head of EMEA at the Alliance, the official signing and announcement of the MoU took place during COP28 in Dubai. Under this partnership, SIRC will serve as the local partner, utilising its extensive knowledge of the local landscape and capabilities to spearhead initiatives within Saudi Arabia. As the project enabler, the Alliance will provide technical counsel and share key learnings from its portfolio of more than 50 projects across multiple countries worldwide.
We remind, Eni welcomed the launch of the UK Department for Energy Security and Net Zero’s (DESNZ) “CCUS Vision” which will strengthen the carbon capture, usage and storage (CCUS) to be a competitive market by 2035. This includes the launch of the Track-1 expansion process at HyNet.