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- The partnership is in line with MoIAT’s recent ministerial decree governing the manufacture and trade of recycled plastic water bottles.
- This opportunity is in line with the UAE’s net zero carbon target ‘2050’ and the ‘Integrated UAE Initiative’.
Abu Dhabi, UAE: The Ministry of Industry and Advanced Technology (MoIAT) oversaw the signing of a Memorandum of Understanding (MoU) at the Abu Dhabi Sustainability Week (ADSW) on 17 January 2023, which will Groundwork laid for new plastic recycling facility in UAE.
Under the plan, Abu Dhabi has designated a 12,000-tonne polyethylene terephthalate (PET) recycling plant per year. In line with the UAE’s efforts to reduce plastic pollution and boost trade by exporting recycled material, the plant will recycle PET, a type of plastic material used in food packaging such as plastic water bottles. When operating at full capacity, the 40,000-square-meter facility in Abu Dhabi will create 100 jobs and avoid 18,000 metric tons of CO2 emissions per year.
The MoU to study the feasibility of the project was signed in the presence of Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Executive Director of the UAE Independent Climate Change Accelerator and His Excellency Dr. Sultan Ahmed, involving Repeet, BEEAH Group and Agthia Minister of Industry and Advanced Technology Al Jaber and Her Excellency Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment.
HE Omar Al Suwaidi said: “Collaboration is the key driving force behind the shift towards a more sustainable industrial sector and a greener economy. Hence, the ministry focuses on fostering partnerships among stakeholders including financial institutions, national industry corporates and multinationals to support GDP growth and the UAE’s Net Zero strategic initiative.
HE Al Suwaidi added: “As COP28 approaches, the Ministry will continue to expand key initiatives that are part of the National Industrial Strategy. For example, we will use Make it in the Emirates to attract international investors and companies to the UAE’s industrial sector, helping us Unlocking the opportunities associated with industrial transformation and the circular economy. These opportunities will ultimately contribute to a more sustainable, efficient and competitive industrial sector, supporting not only national economies but also the global climate agenda.”
Plastic pollution is causing major damage to the environment, especially marine ecosystems. But by managing plastic effectively, countries can protect the environment while supporting economic growth and the development of local circular economies. The recycled plastics market is expected to witness significant growth as companies shift to using recycled materials in their products. The recycled materials market is expected to reach $46 billion by 2025.
A memorandum of understanding has been signed between Veolia Middle East subsidiary Repeet, UAE-based sustainability pioneer BEEAH Group and restaurant group Agthia. Within the framework of the project under study, Repeet will operate the recycling plant, while the BEEAH Group will supply the plastic raw material for seven years. At the same time, Agthia will provide a seven-year offtake for the product. The feedstock will be post-consumer PET bales, while the output will be food-grade recycled PET resin.
“The Ministry of Industry and Advanced Technologies has played an important role in creating an enabling environment for the development of circular economy projects in the UAE”, said Pascal Grante, CEO of Veolia Near and Middle East. “The PET Recycling Plant is part of this momentum following 2 years of fruitful collaboration with the UAE public sector. The project is now ready to welcome more partners to help take it to the next level. We are proud to be This exciting journey of ecological transformation”
Alan Smith, CEO of Agthia Group, said: “The new ministerial decree enabling this partnership is a positive step towards the transition from a linear to a circular economy and we welcome the UAE leadership’s commitment to this important Agenda vision and commitment. Reducing waste to an absolute minimum, better stewarding the planet’s resources, and designing all of our products with a more sustainable future in mind are at the heart of Agthia’s long-term growth strategy. We previously worked with Wiley Ya’s efforts have laid a solid foundation and yielded good results. In this regard, we believe this new collaboration is further evidence of our long-term commitment to initiatives that benefit the environment, the economy and consumers.
Following the signing, Khaled Al Huraimel, CEO of BEEAH Group, said: “Aligning closely with the national vision and contributing to the UAE’s sustainable development goals has been a driving force for our organization as we develop and implement circular economy solutions through waste management Business. Through this agreement, we can now further support the UAE’s sustainable development agenda and accelerate a circular economy. We are proud to partner with MoIAT, Repet and Veolia to tackle the important issue of plastic pollution and co-generate on a wider scale positive influence.”
The partnership is in line with MoIAT’s recent ministerial decree governing the trade in recycled plastic water bottles. The move aims to promote the use of recycled plastic to make water bottles that meet the highest public health and food safety standards. Over time, expect more local bottled water companies to embrace this circular economy journey and bring in more and more recycled plastic to produce their packaging. This is expected to reduce CO2 emissions by 50,000 metric tons, increase domestic value by AED 150 million per year and create more than 1,000 jobs.
MoIAT works closely with industry stakeholders, including financial institutions, to leverage incentives and enablers to create a business-friendly environment that is attractive to investors. As part of the UAE’s National Industrial Strategy, the Ministry has launched various programs and initiatives to support the sustainable development of priority sectors, contributing to the diversification of the country’s economy.
The ministry has a sizeable presence in ADSW, which takes place this week ahead of COP28. ADSW provides an opportunity for the international community to translate ambition into action by building partnerships, committing investments and launching technologies and solutions that can accelerate sustainable development around the world.
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About the Ministry of Industry and Advanced Technology
The UAE Ministry of Industry and Advanced Technology (MoIAT) was established in July 2020 with the mandate to strengthen the UAE’s industrial sector, in particular by accelerating the adoption of advanced technologies and Fourth Industrial Revolution (4IR) solutions across the value chain.
The MoIAT has three overall objectives: to strengthen the UAE’s industrial base, secure national values, and increase the competitiveness of local industries. By increasing the contribution of advanced technologies, the ministry will support the country’s sustainable economic growth and ensure the contribution of the industrial sector to GDP.
The Ministry will draft policies, laws and plans to create a world-class industrial development framework for the country, which will help attract foreign direct investment, promote domestic value creation, support national entrepreneurship, drive job creation, and promote “manufacturing” Among the products exported in UAE.
From encouraging the establishment of industrial parks to enhancing local advanced technological capabilities, the ministry will accelerate industrial development to drive economic growth, diversification, preservation of value and national self-reliance.
For more information, please contact the MoIAT team: Media@moiat.gov.ae
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