KEZAD Group to have $150 million recycling facility

Renov8 Polymer Industries Ltd. will invest AED552 million to establish the 30,000 square metre plot in KEZAD’s Polymer Park, alongside an expansion plot of 38,000 square metres for the recycling of mixed plastic waste.

This step supports the UAE net-zero by 2050 strategy.

“In line with our wise leadership’s industrial strategy, KEZAD Group is committed to supporting circular economy models in Abu Dhabi throughout our integrated business ecosystem. We take immense pride in welcoming Renov8 Polymer Industries Ltd to our family. The new facility will be a pioneering showcase of innovation and sustainability in plastic production and the remanufacturing of plastic waste,” said Mohamad Al Khadar Al Ahmed, Chief Executive Officer, KEZAD Group.

“The KEZAD Polymers Park continues to attract a wide range of manufacturing and value-adding companies to Abu Dhabi, owing to the easy access to raw materials that it provides, and the direct links to global markets it offers. The project will add further value to the ecosystem while strengthening Abu Dhabi’s position as a sustainable and competitive industrial hub,” he added.

“The signing of this agreement represents a significant milestone for us in our efforts to develop the first phase of our circular economic model, which will feature one of the most technologically advanced recycling facility for Polymers,” said Nilesh Jain, Founder and CMD, Renov8 Inc.

“In our endeavour to develop a sustainable polymers industry, we will deploy advanced manufacturing processes at the KEZAD facility to deliver a comprehensive ESG-driven business model. Renov8 will greatly benefit from the integrated platform that KEZAD offers, with proximity to Khalifa Port providing greater access to global consumer markets,” he added.