SABIC and Saudi Investment Recycling Compony join forces in chemical recycling initative

SABIC, a global leader in diversified chemicals, signed a Memorandum of Understanding (MoU) with Saudi Investment Recycling Company (SIRC), a wholly owned subsidiary of Saudi Public Investment Fund (PIF), to help SIRC set up its first chemical recycling project to enable the use of recycled plastic feedstock.

The MoU, signed at SABIC headquarters in Riyadh on April 5, 2021, also proposed a feasibility study on building a chemical recycling plant in the Kingdom to convert Mixed Plastic Waste (MPW) into pyrolysis oil.


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