Saudi Arabia's SABIC signs MoU with Saudi Investment Recycling Co

The agreement will help Saudi Arabia meet its waste management objectives

  
A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh. Image used for illustrative purpose.

A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh. Image used for illustrative purpose.

REUTERS/FAISAL NASSER

DUBAI- Saudi Basic Industries Corporation, one of the world's largest petrochemical firms, said on Sunday it has signed a memorandum of understanding with Saudi Investment Recycling Company to help SIRC set up its first chemical recycling plant to convert mixed plastic waste into recycled feedstock.

The agreement will help Saudi Arabia meet its waste management objectives, SABIC said in a tweet.

(Reporting by Hadeel Al Sayegh; Writing by Yousef Saba; Editing by Susan Fenton) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))

More From Energy