UAE – Under the agreement, Renov8 Polymer Industries Ltd will invest Dh552 million ($150 million) to develop a 30,000 m² plot of land in Kezad Polymer Park as well as a 38,000 m² expansion plot. m² adjacent to the main facility, for the recycling of mixed plastic waste.
Khalifa Economic Zones Abu Dhabi (Kezad) Group, Abu Dhabi’s integrated commercial, logistics and industrial hub, has signed an agreement with Renov8 Polymer Industries Ltd, part of leading manufacturer Just Right, to set up a advanced recycling facility at Kezad. Park of polymers.
This decision will boost Abu Dhabi’s transition to a circular economy.
With business operations in over 47 countries, Just Right is a global leader in the manufacture of high quality coating solutions and print media. Through its subsidiary, Renov8 Polymer Industries Ltd, which offers industrial recycling solutions to companies around the world, the group is expected to bring its best practices to Abu Dhabi to deliver one of the most sustainable polymer projects in the world. region.
Under the agreement, Renov8 Polymer Industries Ltd will invest Dh552m ($150m) to develop a 30,000m² plot of land within the Kezad Polymer Park along with an adjacent 38,000m² expansion plot at the main facility, for the recycling of mixed plastic waste.
In addition to supporting the UAE’s broader Net-Zero by 2050 strategy, the agreement aims to advance Abu Dhabi’s industrial strategy for which the transition to a circular economy forms the cornerstone. The facility will also benefit from Abu Dhabi’s forthcoming carbon trading platform, which is expected to be the world’s first fully regulated carbon exchange and carbon clearinghouse.
Mohamad Al Khadar Al Ahmed, Managing Director of Kezad Group, said Kezad Group is committed to supporting circular economy models in Abu Dhabi across its integrated business ecosystem.
“We are extremely proud to welcome Renov8 Polymer Industries Ltd to our family. The new facility will be a pioneering showcase of innovation and sustainability in plastic production and plastic waste remanufacturing,” he said. .
He said Kezad Polymers Park continues to attract a wide range of manufacturing and value-added businesses to Abu Dhabi, due to the easy access to raw materials it offers and the direct links to global markets that it offers. ‘he offers.
“The project will add value to the ecosystem while strengthening Abu Dhabi’s position as a sustainable and competitive industrial hub,” he said.
Nilesh Jain, Founder and CMD, Renov8 Inc, said the signing of this agreement represents an important milestone for us in our efforts to develop the first phase of our circular business model, which will include one of the most advanced recycling facilities technologically for polymers.
“In our efforts to develop a sustainable polymer industry, we will deploy advanced manufacturing processes at the Kezad plant to provide a comprehensive ESG-focused business model. Renov8 will greatly benefit from the integrated platform offered by Kezad, with proximity to Khalifa Port providing greater access to global consumer markets,” he said.
Renov8 Polymer Industries, as part of Just Right Middle East’s existing manufacturing ecosystem, utilizes advanced technology and production processes with state-of-the-art factories that meet the highest technical standards, complying with TÜV Sud and PSB.
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