Qatar’s $41.3m tyre recycling facility gets operational.
Modern Recycling Factory (MRF), based in Mesaieed Industrial City, is now operational.
The $41.3m 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 20,000 sqm, 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.