Qatar’s Modern Recycling Factory (MRF), designed and constructed with the aim of conserving energy, preserving natural resources, reducing pollution, and reducing the country’s dependence on raw materials, has started operations after its formal opening this month.
The US$41.3 million facility was financed and endorsed more than two years ago by Al Khalij Commercial Bank in order to spur Qatar’s green technology business sector.
MRF covers 20,000 sq m and is one of the largest greenfield recycling projects in the country. Danish equipment manufacturer Eldan Recycling supplied the equipment for the plant where used tyres and rubber materials will be recycled to make new products.Toni Reftman, chief executive officer of Eldan Recycling, said the company was honored to be chosen as the supplier of the recycling equipment used for this project.
Speaking about the new plant, Akram Ibrahim, chief executive officer of MRF, said that the facility is a first-of-its-kind project for recycling used tyres, which are considered to be a serious environmental hazard. The project is a unique greenfield facility, and has been built to align closely with the drive to achieve Qatar National Vision 2030. He expressed his gratitude to many partners who made the project possible including Al Khalij Commercial Bank, government authorities, environmental agencies, technology partners, and suppliers.
At the formal opening of the plant, the members of Al Khalij Commercial Bank were given a tour of the facility following the commencement of operations.
Speaking at the event, Fahad Al Khalifa, the bank’s CEO, said: “As part of our ‘Generation Green’ program the MRF project contributes to the production of environmentally friendly, value-added products for commercial and industrial use, while creating economic opportunities that contribute to diversifying state revenues.”