The agreement provides a long-term waste management solution for Sadara, and creates an opportunity for Veolia to build a utility plant including waste management and waste to energy facilities at PlasChem Park, enabling the company to manage a substantial portion of Sadara’s waste streams, said Veolia.
“One of Sadara’s main drivers is the enablement of a vibrant downstream manufacturing industry in Kingdom. Another is to always act responsibly towards the environment. 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,” said Dr. Faisal Al-Faqeer, CEO at Sadara.
The central utilities “island” will incinerate industrial waste and recover the heat from this process to produce a usable steam byproduct. This will act as incentive to attract PlasChem Park investors, providing their proposed manufacturing plants with thirdparty steam at an attractive price, as per the company. The facility will also produce cooled water and compressed air, which will be made available to the tenants for industrial use.
“This new utilities facility will implement environmentally responsible principles of the “Circular Economy,” a favoured 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,” said Faisal Al Dawish, Veolia Arabia CEO.