Riyadh – Mubasher: Saudi Arabia-based Sadara Chemical Company (Sadara) has announced signing a memorandum of understanding (MoU) with French water and waste group Veolia to set up a sustainable central utilities facility in PlasChem Park.
PlasChem Park is a collaborative effort between Sadara and the Royal Commission for Jubail and Yanbu (RCJY) in Jubail Industrial City II.
The deal entails offering a long-term waste management services for Sadara, according to Construction Week Online.
The MoU will also enable Veolia to establish a utility plant which will include waste management and waste energy facilities at PlasChem Park.
Sadara will be the project’s facilitator, while Veolia and potential partners will be responsible for developing and investing in the project.
“This deal allows us to combine those two key objectives, and we are very excited indeed to partner with Veolia to deliver this waste product management solution,” CEO at Sadara Faisal Al-Faqeer stated.
Moreover, Paris-based Veolia will establish a plant to produce compressed air and cooled water.
“This new utilities facility will implement environmentally responsible principles of the ‘Circular Economy’, a favored international economic model that keeps resources in use for as long as possible, extracting maximum value and then recovering and regenerating additional products and energy, a concept that we ascribe to wholeheartedly at Veolia,” Al-Faqeer added.
