Riyadh - Sharikat Mubasher: The Saudi Investment Recycling Company (SIRC), wholly owned by the Public Investment Fund (PIF), signed several agreements and memoranda of understanding (MoUs) to enhance the circular economy in Saudi Arabia, the company revealed in a press release.
These agreements were signed during the Saudi-Japan Business Forum in the presence of Ziyad Alshiha, CEO of SIRC, and other Saudi senior officials.
SIRC and Mitsubishi Research Institute (MRI) signed an agreement to conduct detailed studies about landfill processing solutions in Saudi Arabia as well as other technical and economic studies.
This agreement is expected to contribute to reducing methane emissions in the Kingdom by over 220,000 tons annually, in conjunction with Saudi Arabia’s objectives to enhance the environment and reduce emissions.
SIRC also signed an agreement with the global financial group MUFG for waste management with investments worth more than $6 billion. This agreement will enhance Riyadh’s environmental infrastructure and achieve its sustainability goals.
Further, the Saudi company inked an MoU with Hitachi Zosen Innova to develop advanced solutions to transform waste into energy, enabling the Kingdom to leverage leading-edge technologies to transform waste into sustainable energy sources.
These agreements came as part of SIRC’s strategy to forge local and global partnerships to stimulate the circular economy and realize the Kingdom’s sustainable development aspirations.
