Riyadh - Sharikat Mubasher: The Saudi Investment Recycling Company (SIRC) signed an agreement with Aldrees Petroleum and Transport Services Company to enhance the Kingdom’s circular economy and oil processing management, the company revealed in a statement.

Through this agreement, SIRC aims to set up a strategy that supports best practices for recycling used oils and extracting economic value from them, contributing to achieving the Kingdom’s environmental sustainability goals toward a greener future.

Additionally, the agreement targets mitigating environmental pollution and protecting natural resources.

SIRC, wholly owned by the Public Investment Fund (PIF), was established to develop, own, operate, and finance various activities across all waste types in the Kingdom, in conjunction with Vision 2030’s objectives.