SIRC Newsletter Issue 1 2020 EN

ISSUE 01 January 2020

SIRC signs MoU with Riyadh Municipality

SIRC Projects

SIRC completed full acquisition of GEMS

SIRC launches new Brand Identity and Website

Development Department: Revving up for success

Our Vision: To be the national waste management champi- on, driving the circular economy for a sustainable society.

Jeroen Vincent CEO

Dear Colleagues, It is a great pleasure to present to you our first edition of the Saudi Investment Recycling Company’s (SIRC) newsletter. Since the inception of our company a lot of work has been done and therefore I am thankful to all our employees for their contribution on creating a new exciting brand that will change the ecology system in Saudi Arabia. As our company is growing and evolving, it is very important to communicate internally and externally our purpose, strategy and achievements. Sharing our company stories, achievements and successes is a meaningful way to demonstrate how we are making a difference. This newsletter is one of the many channels we will use for that purpose. SIRC is the key driver of the circular economy! We strive to achieve an overall recycling target of the 81 per cent, setting a benchmark for the region and the world. With the acquisition of Gems we already have an excellent platform and are able to mobilize new projects soon. We will develop and operate recycling projects in all waste streams to increase recycling rates, clean up cities and avoid waste going to landfill. Initiating new recycling projects is our top priority. SIRC is recognized as the sector development company by government and industry. With our core value “We get it done” we will achieve our ambitious targets to serve our beautiful national vision.

Our Mission: We engage society, build local capabilities and enable private sector through establishing and developing the waste management sector, to lead the circular economy of Saudi Arabia.

Now is an exciting time to be part of SIRC, and I look forward to sharing our success – together!

2

3

SIRC completes acquisition of GEMS

Jeroen Vincent

Hanif Wally Dahya

The Saudi Investment Recycling Company (SIRC) signed a definitive agreement to fully acquire Global Environmental Management Services (GEMS) from Jadwa Waste Management Opportunities Fund, which is managed by Jadwa Investment. GEMS is the leading industrial waste management company in Saudi Arabia, providing hazardous waste-management, industrial and engineering services to the oil, petrochemical and industrial corporations. Commenting on this significant milestone, Jeroen Vincent, CEO of SIRC, said: “We are delighted to announce the first major investment by SIRC, as it seeks to play a leading role in developing the waste management sector in Saudi Arabia”. “Following its acquisition of GEMS, SIRC aims to meet the national recycling target of 85 per cent for the industrial and hazardous waste in Saudi Arabia and landfilling the remaining 15 per cent by 2035,” Eng. Jeroen Vincent added. “The deal will allow SIRC to become the biggest player in the GCC’s industrial and hazardous waste management sector as well as provide a platform to further develop capacity and state-of-the-art technologies to treat hazardous waste in an environmentally-friendly way.”

He emphasized that SIRC intends to fully integrate industrial and medical waste treatment into its value chain operations, particularly in the mining, minerals, manufacturing and industrial segment, in order to reuse and recover resources. He added: “We will expand our current capacity to cater for 88% recycling and operations of GEMS facilities and unlock the potential for a new market for raw materials recycled from mining and medical waste”. Hanif Wally Dahya, CEO of GEMS, commented: “Since starting operations 10 years ago, GEMS has grown to become the market leader of industrial waste management services in the GCC and this acquisition by the Saudi Investment Recycling Company marks a new era in the company’s journey as it continues to deliver excellence with the most innovative, state-of-the-art technologies in the industry, with the aim to create long-term value and realize the Kingdom’s national sustainability targets.” He added: “GEMS is a well-established, respected player in the Kingdom, and we look forward to utilizing SIRC expertise to expand our footprint in the Industrial Waste Sector while maintaining and expanding GEMS operations.”

Jubail IWRC starts commission activities

The GEMS Jubail Integrated Waste Recycle Center (IWRC), the largest mixed feed hazardous waste plant on the east coast of Saudi Arabia, has commenced commissioning activities after receiving its environmental permit to operate. Located in the Royal commission for Jubail area, the flagship process facility is constructed on 60,000 square meters of land, incorporating cutting - edge technological capability that is second only to the GEMS Yanbu IWRC. The state-of-the-art facility’s biological plant installation has 38 fully equipped and integrated process vessels, while the oil waste process plant installation comprises 17 fully equipped integrated process vessels and a fully equipped multiphase centri- fuge plant. Site installations include an independent power generation and distribution plant, utility air system, process water utility system, side-wide central control system, logistics, weighbridge, access control systems, CCTV and security monitoring system. The facility has

been designed to treat a broad range of hazardous industrial wastewater and oil/byproducts

from the oil & gas and petro- chemical production facilities in Jubail.

4

5

SIRC joins mega recycling initiative in Riyadh

BY 2035

81 %

of the 3.4 Mln tons of municipal waste per year

20 Mln tons

47 %

of demolition waste left in neighborhoods

of 4 Mln tons construction waste per year

The Saudi Investment Recycling Company (SIRC), the National Waste Management Center and the Riyadh Municipality signed a tripartite memorandum of understanding (MoU) to start recycling activities in Riyadh. The three entities agreed to jointly work on the execution of the overall waste management strategy for Riyadh, to achieve a set of recycling strategic objectives by 2035. This notably includes recycling 81 percent of the 3.4 million tons of annually produced municipal waste in the Saudi capital, along with the 47 percent of the approximately 5 million tons of construction and demolition waste per year. The strategy further entails recycling of an estimated 20

million tons of construction and demolition waste, which is currently left in neighborhoods and on roadsides of the capital. As part of an integrated waste management system, SIRC will build state- of-the-art recycling facilities to recycle all types of waste. It will also convert municipal waste into recyclables such as fertilizer, paper, plastics and metals. The first initiative, as part of the MoU, will involve recycling of construction and demolition waste into construction and housing projects materials. This will be followed by building of a construction waste facility that sorts municipal waste in order to support the Riyadh Municipality’s program “City without bins”.

SIRC unveils new corporate identity

SIRC unveiled a new corporate identity, aimed to reflect what it represent towards its stakeholder. “The new identity reflects our ambition to accomplish the mission of leading and driving the circular economy in Kingdom of Saudi Arabia,” said Fahad Al-Shehri, Communication Director at SIRC. The new identity further signifies the ambitious goals of an aspiring company and its employees who are ready to build a new future for waste management in the Kingdom, he added.

SIRC launches new website SIRC announced the launch of its new website at www.sirc.sa to support its mission to promote waste management strategies and recycling initiatives in the Kingdom of Saudi Arabia. The site reflects the depth of SIRC’s business and highlights its leading role in developing the waste management sector in the Kingdom. Furthermore, the website is designed to serve as a window for SIRC, focusing on innovation, education, progress, and action.

6

7

Projects Development Department: Revving up for success

Saudi Investment Recycling Company (SIRC) has begun its pursuit to treat waste, hence Projects Development Department (PDD) is gearing up to launch projects that aim to achieve Vision 2030 objectives of safeguarding the environment and driving the circular economy through recycling initiatives. The department works on developing and operating projects that are designed to increase landfill diversion rates and recycle waste in the Kingdom in collaboration with private sector companies by adopting best international practices. Its work scope covers initiation, planning, development and roll-out of projects in line with the company’s overall strategy and business development plan. Interpreting and scoping requirements of projects through detailed development plan, engaging and coordinating with other departments, preparing and drafting request of proposals, etc. are some of the prime responsibilities. Currently, the PDD is engaged in establishing SIRC’s first mobile construction and demolition waste recycling facility in Riyadh. The project proposes to recycle construction and demolition waste in the capital in an environmentally and economically sustainable manner. The move will significantly decrease the consumption of natural resources by introducing recycled aggregates to the market, which will be used in various new housing and development projects. The new facility in Riyadh will store, sort and crush 5,000 to 6,000 tons of construction and demolition waste into different fractions daily.

The PDD has been taking proactive steps, ensuring all the obstacles are surmounted by developing site specifications, assessing sites and reviewing regulations. And when it comes to determining the capacity and requirements of the recycling facilities, the department considers various elements such as the national targets for recycling and treatment, available waste volume, environment impact, existing market capacity, role of the private sector, investment requirements, and financial details of the projects.

Circular economy: a definition and most important aspects

A circular economy is an economic system aimed at eliminating waste and the continual use of resources. Circular systems employ reuse, sharing, repair, refurbishment, remanufacturing and recycling to create a close-loop system, minimising the use of resource inputs and the creation of waste, pollution and carbon emissions. A circular economy is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life. In contrast to what happens in a linear economy,

a circular economy makes optimal use of raw materials and resources. This means that these materials and resources continue to be applied in a way that generates the highest economic value and the least environmental damage. The conversion of a linear economy into one that is circular involves systems changes, or transition. Other designs or processes (e.g. 3D printing), products that can be repaired or regenerated, recycling of materials and another way of thinking about products (e.g. sharing them), are all aspects of such a change. The rule of thumb for determining the highest value reuse of resources within the cycle is to priori- tise strategies (Rethink, Redesign, Reuse, Repair, Remanufacturing, Recycling, Recover). However, there will always be exceptions. 8

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8

Made with FlippingBook Online newsletter