Reviva Joins Enrestec & Hama for Tyre Recycling

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by KnowESG
KnowESG_Reviva, Enrestec, and Hama Holding partnership for tyre recycling
Image courtesy of Freepik

In pursuit of its sustainability objectives, Saudi Arabia's environmental management services company, Reviva, has taken a significant step by entering into a partnership with Taiwanese recycling firm Enrestec and the Kingdom's Hama Holding Co.

The primary aim of this collaboration is to recycle waste tyres at a regional level, with the overarching goals of mitigating environmental pollution, promoting recycling practices, and conserving valuable resources.

This groundbreaking initiative represents a major stride in tire waste management within the Kingdom, demonstrating Saudi Arabia's commitment to achieving a circular economy and fostering a more sustainable future.

Reviva's CEO, Khalid bin Saad Al-Rashed, emphasised the ambition to reduce waste and environmental pollution, underscoring the importance of the circular economy model in driving sustainable practices.

As a subsidiary of the Public Investment Fund, Saudi Investment Recycling Co. backs Reviva in its endeavour to implement advanced recycling techniques. These innovative methods will enable the transformation of old tires into useful materials such as pyrolysis oil, carbon black, and steel. The end products can find applications in various industries, including construction, paving, and even fuel production, contributing to resource optimisation and waste reduction.

Saudi Arabia's commitment to sustainable development has been recognised on the global stage. At a significant summit held by the United Nations, Faisal Al-Ibrahim, the Kingdom's Minister of Economy and Planning, conveyed that Saudi Arabia has made notable progress in over 50 per cent of its sustainable development goals. The Minister presented the Kingdom's second Voluntary National Review at the UN's High-Level Political Forum in New York, highlighting the achievements made in sustainable development initiatives.

In his address, Al-Ibrahim praised the transformative impact of the Sustainable Development Goals (SDGs), emphasising that they serve as both a practical and moral compass for development, ensuring the well-being of the planet and its inhabitants.

Saudi Arabia's pursuit of economic diversification aligns harmoniously with its dedication to sustainability programme, exemplified by initiatives like the Saudi Green Initiative. The Kingdom has set an ambitious target of achieving net-zero emissions by 2060, signifying its unwavering commitment to combatting climate change and securing a greener future for all.

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Source: Arab News

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