Saudi Arabia’s National Agricultural Development Company (NADEC) has signed a memorandum of understanding (MOU) with the Saudi Investment Recycling Company (SIRC) to recycle 400,000 tonnes of biowaste per year.
Riyadh-based NADEC said in a statement to the Saudi Stock Exchange (Tadawul) that the purpose of the initiative with SIRC, which is owned by the Public Investment Fund (PIF), is to protect the environment.
Biowaste is defined as waste capable of undergoing anaerobic decomposition, such as food or garden waste and paper or cardboard.
The statement said that under the one-year MOU, both parties intend to study the recycling of biowaste in order to contribute to environmental protection, with the aim of processing 400,000 tonnes annually to make organic fertiliser.
Food waste forms 40% to 51% of all waste in the kingdom, according to a blog published by the United Nations (UN) Development Programme.
(Writing by Imogen Lillywhite; editing by Cleofe Maceda)