| | OCTOBER 20239IN FOCUSBOROUGE, TADWEER INK AGREEMENT FOR RECYCLING OPPORTUNITIESAMemorandum of Understanding (MoU) was signed by Tadweer (Abu Dhabi Waste Management Company) and Borouge Plc to explore opportunities in waste management and the adoption of best practices in waste management, sorting, and mechanical recycling of polymers. Borouge Plc is a leading petrochemical company that offers innovative and distinctive polyolefin solutions. Tadweer, part of ADQ, is the sole custodian of waste management for the Emirate of Abu Dhabi and is committed to developing an integrated waste management sector and becoming a leader in extracting value from waste to contribute to national sustainability ambitions, as per zawya.Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said: "We are very pleased to collaborate with Tadweer to promote and implement stronger circular economy initiatives in the UAE. Together, we are exploring innovative ways of sorting and recycling polymers in alignment with national and international best practices. The MoU is in line with our continuous commitment to the wellbeing of society and preservation of environment. Sustainability is and will remain an integral part of our operations and culture that enables us to reduce risks and drive positive growth towards a brighter and more sustainable future."Eng. Ali Mohamed Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer, said: "In this pivotal moment for sustainability, Borouge and Tadweer will unite to pave the way for a circular economy in the UAE. Together, we will embark on a transformative journey to redefine waste as a valuable resource and a catalyst for sustainable development. Our partnership is not just about recycling polymers; it's about reimagining our impact on the environment, society, and the economy. We stand committed to crafting a legacy where waste becomes the cornerstone of innovation and where we build a brighter and more sustainable future for all."
< Page 8 | Page 10 >