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British Company Invests In Plastic Recycling Project In The Arabian Peninsula
Nov 22, 2018

British company invests in plastic recycling project in the Arabian Peninsula

British recycling technology company Ocean Polymers has partnered with local companies in the Arabian Peninsula to invest in technology and recycling infrastructure in the region to prevent plastic waste from flowing into the ocean.

According to CEO Paul Rodger, Ocean Polymers technology has been developed for 10 years to separate, purify, extract hydrogen and syngas, and other valuable by-products.

The technology used in the Arabian Peninsula is a tested system used by the US military.

Rodgers added: "The waste operators in the Persian Gulf are looking for attractive alternatives to landfill and mixed plastic incineration. At present, the cost of processing mixed plastics is high. Our machines make the operators of waste disposal stations The ability to convert this plastic waste into a source of income."

While the precise details of the systems and processes are kept secret between the company and its partners, the plasma technology used is a combination of the company's existing North American and European engineering.

Once fully operational, the payback period of the system is estimated to be less than two years.

According to Ocean Polymers, the US Navy and the US Air Force currently employ similar waste treatment methods.

The process collects and stores hydrogen and valuable by-products and resells them in global markets. Ocean Polymers says this is the first in the Middle East.

In the Arabian Peninsula, the company is planning to work with major companies and government agencies in the region to overcome plastic waste.

“We look forward to working with all stakeholders of the Gulf Cooperation Council to clean up a large amount of plastic waste in the Arabian Peninsula. These plastic wastes threaten the economy and the environment now and in the future,” the CEO added.

Ocean Polymers claims that its land-based system can handle other forms of waste, including hospitals, dangerous toxic sludge and refinery residues currently present in landfills.

It is understood that Saudi Arabia's projects are mainly related to land-based systems, and there may be a land-based system for the coastal areas where all oil terminals and refineries in the eastern provinces are located.

The recycling technology company is currently negotiating with a number of international angel funds and foundations to ensure capital investment and financing for the collection of ships and land-based systems that collect plastic waste.

The company also launched a crowdfunding campaign this week to advance its long-term projects, including investments in areas that were previously considered inaccessible or have limited economic value.

As the economy in the Middle East grows, so does the demand for more consumer packaged goods.

However, according to Ocean Polymers, the development of waste management infrastructure has not kept pace with the increase in waste generated.

The company quoted scientists as saying that more than half of the 8 million tons of plastic that flows into the ocean each year comes from developing countries whose waste management lags behind the fast-growing economy.