KEZAD Group's Polymers Park to host Dhs552m advanced recycling facility
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KEZAD Group’s Polymers Park to host Dhs552m advanced recycling facility

KEZAD Group’s Polymers Park to host Dhs552m advanced recycling facility

Renov8 Polymer Industries has signed an agreement with the KEZAD Group to set up a facility for the recycling of mixed plastic waste at the park

KEZAD Group Renov8 Polymer Industries sign agreement

Khalifa Economic Zones Abu Dhabi (KEZAD) Group has signed an agreement with Renov8 Polymer Industries, part of the manufacturing company Just Right, to set up an advanced recycling facility at KEZAD’s Polymers Park.

Just Right is a global leader in the manufacturing of high-quality cladding solutions and printing media. Its subsidiary Renov8 Polymer Industries offers industrial recycling solutions to businesses globally.

Renov8 Polymer Industries will invest Dhs552m ($150m), to develop a 30,000 square metre plot in KEZAD’s Polymers Park, as well as an expansion plot of 38,000 square metres adjacent to the primary facility, for the recycling of mixed plastic waste.

The facility will also benefit from Abu Dhabi’s upcoming carbon trading exchange platform, set to be the world’s first fully regulated carbon trading exchange and carbon clearing house.

Mohamad Al Khadar Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group, said, “In line with our wise leadership’s industrial strategy, KEZAD Group is committed to supporting circular economy models in Abu Dhabi throughout our integrated business ecosystem. We take immense pride in welcoming Renov8 Polymer Industries to our family. The new facility will be a pioneering showcase of innovation and sustainability in plastic production and the remanufacturing of plastic waste.

“The KEZAD Polymers Park continues to attract a wide range of manufacturing and value-adding companies to Abu Dhabi, owing to the easy access to raw materials that it provides, and the direct links to global markets it offers. The project will add further value to the ecosystem while strengthening Abu Dhabi’s position as a sustainable and competitive industrial hub.”

Nilesh Jain, founder and CMD of Renov8, said: “The signing of this agreement represents a significant milestone for us in our efforts to develop the first phase of our circular economic model, which will feature one of the most technologically advanced recycling facility for polymers.

“In our endeavour to develop a sustainable polymers industry, we will deploy advanced manufacturing processes at the KEZAD facility to deliver a comprehensive ESG-driven business model. Renov8 will greatly benefit from the integrated platform that KEZAD offers, with proximity to Khalifa Port providing greater access to global consumer markets.”

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