|10 April, 2017

Kuwait's MRC and EQAUTE sign 3 year waste management and recycling contract

More than 20 thousand tons of waste to be processed throughout the contract duration.

Kuwait's MRC and EQAUTE sign 3 year waste management and recycling contract
More than 20 thousand tons of waste to be processed throughout the contract duration

Kuwait, 10 April 2017

MRC - the leading eco industrial company in Kuwait, signed a three-year renewable agreement with EQUATE Petrochemical Company, a global producer of petrochemicals, to provide a value-added waste management, logistics, recycling and marketing solution for EQUATE’s scrap.

MRC was contracted to collect all waste on-site, using 25 large containers placed at strategic locations at EQUATE’s industrial complex, then forward the contents regularly to specialized facilities at MRC for treatment, where they would be recycled into high standard raw materials suitable for manufacturing, and shipped to customers outside the MENA region. Over the three year period of the agreement, an estimated 20 thousand tons of scrap material will be processed.

MRC provides a range of waste management solutions for oil & gas and petrochemical sector companies, and is known for offering practical and cost effective solutions for handling industrial and hazardous waste, as well the recycling of scrap and waste products of the commercial and construction sectors.

“Environmentally committed, MRC is always exploring sustainability solutions that help our clients reduce their waste footprint,” said Tarek Al Mousa – CEO, MRC. “We’re pleased to partner with EQUATE to provide a cost-effective, economically feasible and environmentally friendly solution that ensures all scraps are turned into valuable industrial raw material.”

“MRC looks forward to working together with the oil & gas and petrochemicals sector to develop Kuwait’s sustainable future and ensure that the sector maximizes its positive role,” added Al Mousa. “As we work to transform the industrial landscape through such collaborations, we ensure that we remain true to Kuwait’s vision of high standards of quality and environmental sustainability.”

-Ends-

About Metals and Recycling Company (MRC)
MRC is a leading eco industrial company headquartered and listed in Kuwait. Environmentally and socially committed, MRC has been offering sustainable waste management, recycling and manufacturing solutions to government, oil & gas, petrochemicals, industrial and commercial clients since 1987. In its work, MRC adopts the highest global standards of quality and environmental sustainability and is both ISO and OHSAS certified. Through its various subsidiaries, MRC offers extended capabilities in hazardous waste management, HVAC and facilities management services. Guided by ‘New Kuwait - Vision 2035’, MRC is spearheading the country’s eco industrial evolution: working with various government bodies, research institutions, manufacturing and industrial heavyweights to develop Kuwait’s sustainable future and transform the industrial landscape through collaboration, synergy and partnership.

About EQUATE Group
The EQUATE Group is a global producer of petrochemicals that create a better world. The Group combines EQUATE Petrochemical Company (EQUATE), its subsidiaries and The Kuwait Olefins Company (TKOC). The EQUATE Group is the world’s second largest producer of Ethylene Glycol (EG) with industrial complexes in Kuwait, North America and Europe that produce Ethylene, EG, Polyethylene (PE) and Polyethylene Terephthalate (PET). The products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. As a leading global enterprise, the EQUATE Group strongly pursues sustainability principles and best practices wherever it operates through partnerships with various stakeholders including employees and customers as well as societies as a whole in fields that includes human development, environment, education, health and public awareness. The EQUATE Group’s shareholders include Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). The Group provides reliable services and solutions that enables global customers and stakeholders to grow and attain the success they seek by being “Partners in Success.” www.equate.com

For more information, please contact:
Stacy Lobo | Maisa’a Thaher 
ASDA’A Burson-Marsteller
+9652 2901571
Stacy.lobo@bm.com 
maisa.thaher@bm.com

© Press Release 2017

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