Qatar’s Modern Recycling Factory (MRF), which is located in Mesaieed Industrial City, has become operational. The facility which required an outlay of USD 41.3 million was financed and endorsed more than two years ago by Al Khalij Commercial Bank in order to spur Qatar’s green-technology business sector.
MRF covers 20,000 square meters and is one of the largest Greenfield recycling projects in the country. The plant has equipment which was supplied by Danish equipment manufacturer Eldan Recycling. At the plant, used tires and rubber materials will be recycled to make new products.
Speaking about the new plant, Akram Ibrahim, chief executive officer of MRF, said that the facility is a first-of-its-kind project for recycling used tires, which are considered to be a serious environmental hazard. The project is a unique greenfield facility, and has been built to align closely with the drive to achieve Qatar National Vision 2030. He expressed his gratitude to many partners who made the project possible including Al Khalij Commercial Bank, government authorities, environmental agencies, technology partners, and suppliers.
Toni Reftman, chief executive officer of Eldan Recycling, said the company was honored to be chosen as the supplier of the recycling equipment used for this project.
At the formal opening of the plant, the members of Al Khalij Commercial Bank were given a tour of the facility following the commencement of operations.
Speaking at the event, Fahad Al Khalifa, the bank’s CEO, said: “As part of our ‘Generation Green’ program the MRF project contributes to the production of environmentally friendly, value-added products for commercial and industrial use, while creating economic opportunities that contribute to diversifying state revenues.”
The factory was set up with the aim of conserving energy, preserving natural resources, reducing pollution and reducing Qatar’s dependence on raw materials.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
Your email address will not be published. Required fields are marked *
© 2017 Morjan Media LLC. All Rights Reserved.