Middle East Plans to Spend More than $6 Billion on Waste and Plastic Recycling

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Researched by Industrial Info Resources (Sugar Land, Texas)--Chemical recycling is still quite nascent in the Middle East despite being one of the largest manufacturers of polymer resins in the world, with steady growth in demand from the local consumer goods market and easy access to key raw materials. Some encouraging developments could be observed as projects continue to be announced in the region, which is expected to increase the plastics recycling industry and waste collection systems, a top priority for Gulf governments.

Industrial Info is tracking five waste-conversion projects worth more than US$6.40 billion in the Middle East. Egypt tops the list with the highest investment value of US$5.5 billion for three projects, followed by Oman with US$8 million for one project.

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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).