Tuesday, 28 May 2024

To achieve the circular economy objectives, in the Kingdom

SIRC’s CEO Confirms Strengthening Local, Global Partnerships


اقرأ المزيد

CEO of the Saudi Investment Recycling Company (SIRC) Ziad Al-Shiha stressed the company’s keenness to meet the aspirations and directives of the wise leadership, by achieving the ambitious recycling goals of the Kingdom’s Vision 2030.
And to contribute to enhancing the role of the Green Saudi Initiative by raising the rate of diversion of waste from landfills to 94% by 2035, he added.
This came during participation in the online session under the motto: “Promising Rotation Opportunities for Entrepreneurs, in the Kingdom” held in collaboration with the Federation of Saudi Chambers, in which all the heads of Saudi Chambers in the Kingdom participated, and headed by the President of the Federation of Saudi Chambers Ajlan Al-Ajlan.
The company’s endeavor to invest in the promising circular economy in the Kingdom, which will achieve no less than creating more than 23,000 direct job opportunities, raising the domestic product to worth more than SR37 billion and raising the quality of life, by working with its partners from the private sector, he stressed
Reviewing the important roles played by SIRC, he pointed to the Kingdom’s goals regarding waste management, the current situation in the city of Riyadh, the multiple challenges that impede achieving the goals, and techniques and methods of treatment and recycling, in addition to the company’s endeavors to form and enable local and global partnerships to contribute to the circular economy.
Since its establishment, SIRC has established a strong strategy for the development of the waste recycling management sector, in the Kingdom, in collaboration with the ministries and the National Center for Waste Management, in order to develop the best recycling strategy, in the Kingdom, Including state-of-the-art treatment and recycling facilities, and waste-to-energy solutions that would support the National Renewable Energy Program, he elaborated.
Stressing the need to benefit from global experiences to achieve transformation from landfills in the Kingdom, according to the time plan set for that, he reaffirmed that achieving transformation from landfills and raising the recycling rate, is an ambitious project that can be achieved, with the support of the concerned authorities, and the company’s keenness to apply internationally recognized best practices and use the latest technologies.
Strategic partnerships and the company’s investments will play a major role in overcoming challenges and reducing the time taken by other countries, as the exclusion from landfills in some G20 countries and some developed countries took a period of 20 to 25 years, he drew attention.
Regarding the chain of waste recycling and the methods that can be followed to achieve this goal, Al-Shiha indicated that the transformation from one container to three containers is one of the most important possibilities to reach a complete transformation from landfills and raise the percentage of recycling, in accordance with international best practices, and green containers will be allocated for organic waste, represented by food leftovers and plant waste, blue bins will be allocated for recyclable waste such as cardboard, plastic, metal, glass, textiles, etc., while black bins will be allocated for general waste.
The participation dealt with the paths to achieving exclusion from landfills and recycling in the Kingdom, by implementing a comprehensive solution for all types of waste (except for military radioactives) in all regions of the Kingdom, and strengthening partnership with the private sector, as well as focusing on bringing in the best global technologies and practices, and that the company’s efforts are aimed at reducing emissions and subsequently, the environment pollution.
The company’s recycling plan targets the production of energy and alternative fuels from waste, which will contribute to reducing the burning of crude oil and other fossil fuels, he stated.
During this participation, he stressed the existence of promising opportunities in this sector, which is one of the important sectors for the investments of the circular economy system in the Kingdom, and that SIRC will work to lead the circular economy, by attracting local and global investments, enhancing local content, and transferring technology and best practices by investing in all activities related to the treatment of all types of the waste.