Nusaned to set up plastic recycling plant in Rabigh

The plant will produce recycled PET flakes for food use to serve the local and global markets

  
Image used for illustrative purpose.

Image used for illustrative purpose.

Getty Images

Nusaned Investment Company, a Sabic-owned affiliate, signed an investment agreement through the Nusaned Fund, with the Green Kingdom Industries (GKI) and the Italian company (AMUT) to establish a plant for recycling polyethylene terephthalate (PET) bottles in Rabigh.

The move adds to the company's commitment to investment in small and medium industrial establishments and contribute to achieving the goals of the Kingdom’s Vision 2030, reported Saudi Press Agency (SPA).

The plant will produce recycled PET flakes for food use to serve the local and global markets.

Faisal Al-Bahair, CEO of Nusaned Investment Company, said this new achievement crowns the company's strategic efforts in line with Sabic's goals to support local content and help enhance the kingdom's competitiveness globally.

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Energy