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“REVIVA”, a subsidiary of the (SIRC) group, signs an agreement for the recycling of damaged tires..

ReViva, a global environmental services company and a wholly-owned subsidiary of the Public Investment Fund's recycling group, the (SIRC), has signed a joint cooperation agreement with ENRESTEC, a specialized tire recycling company, and Saudi holding company “Hama”. The agreement aims to recycle damaged and worn-out tires, representing an advanced step in tire waste management in the region.

Damaged tires pose an environmental challenge, as they often end up in landfills, occupying a significant space and causing long-lasting environmental pollution. Through this new collaboration with ENRESTEC and Hama, ReViva aims to significantly reduce environmental pollution, promote recycling, and conserve resources for optimal utilization.

The CEO of ReViva, Engineer Khaled bin Saad Al-Rashid, explained that this collaboration will lead to the development and implementation of advanced recycling technologies that can transform used tires into valuable resources such as pyrolysis oil, carbon black, and steel, which can then be used in various industries including construction, paving, and even fuel. He added, “Our aim is to reduce waste and environmental pollution and strive to achieve a circular economy and promote a more sustainable future”.

More News

23 August, 2023

“Akam” Saudi Arabia and “Alawalya” Qatar collaborate in the recycling sector.

Akam, a wholly-owned subsidiary of the Saudi Investment Company for Recycling “SIRC Group," represented by its CEO, Engineer Abdulrahman bin Ibrahim Al-Manea, has signed a memorandum of cooperation with Alawalya Qatar for Primary Materials, represented by its CEO, Abdulaziz bin Ibrahim Al-Tamimi, at Sark Group's headquarters in Riyadh.

23 August, 2023

(SIRC) Recycles Over 16 Million Tons of Construction and Demolition Materials

Saudi Investment Recycling Company (SIRC), fully owned by the Investment Fund, has revealed that it recycled 16 million tons of construction and demolition materials during the past year of 2022.

23 August, 2023

SIRC has reached the final stages of constructing the first construction and demolition waste recycling facility in Riyadh

The Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund, announced today that it has reached the final stages of constructing the first construction.

23 August, 2023

(SIRC) Recycling Group Processes 600,000 Tons in 2022

The fully-owned Saudi Investment Company Recycling Group, known as (SIRC), has announced that it processed 600,000 tons of industrial waste in 2022. This was accomplished through its subsidiary, “REVIVA”.

The Saudi Investment Recycling Company (SIRC) is a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia.
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