Qatar: $41m tyre recycling plant now operational
Qatar’s $41.3m Modern Recycling Factory in Mesaieed Industrial City will be used to recycle used tyres and rubber materials
Qatar’s Modern Recycling Factory (MRF), based in Mesaieed Industrial City, is now operational.
The $41.3m (QAR150.06m) facility was financed and endorsed more than two years ago by Al Khalij Commercial Bank in support of Qatar’s green-technology business sector.
At 20,000m2, MRF is one of the largest Greenfield recycling projects in the country. The plant will be used to recycle used tyres and rubber materials to make new products.
Akram Ibrahim, chief executive officer of MRF, said: “[This] is [a] first-of-its-kind project for recycling used tyres, which pose [a] serious threat to the environment.
“The project is a unique greenfield facility, which became a reality due to the vision of the promoters in line with Qatar National Vision 2030. MRF is thankful for the continuous support of Al Khalij Commercial Bank, government authorities, environmental agencies, technology partners, and suppliers.”
Members of Al Khalij Commercial Bank were given a tour of the facility following the commencement of operations.
Speaking during the event, Fahad Al Khalifa, the bank’s CEO, said: “As part of our ‘Generation Green’ programme […] 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.”
MRF stakeholders are confident that the facility will serve to conserve energy, preserve natural resources, and reduce Qatar’s need for raw materials.