Sadara CC and Veolia ink deal to construct waste to energy facility in PlasChem Park
Industrial Waste to Energy facility is a game changer for the Jubail chemical industry
Sadara Chemical Company and Veolia Middle East have signed an agreement for the construction and operation of a sustainable industrial waste to energy facility in PlasChem Park, an industrial park in Saudi Arabia.
Sadara Chemical Park is a joint venture between state-owned Saudi Aramco and The Dow Chemical Company and Veolia Middle East is a Paris-based group associated with resource management and recover, while PlasChem Park is a collaborative effort between Sadara and the Royal Commission for Jubail and Yanbu (RCJY) in Jubail Industrial City II.
Under the design-build-own-operate model, the energy facility will be developed by Veolia and under the agreement rules, Veolia will treat identified Sadara industrial waste streams and recover energy to provide steam, cooling and instrument air to the industrial park, among others.
During the agreement signing, Sébastien Chauvin, CEO of Veolia Middle East said: “This project is a key milestone for the development of Veolia in the Kingdom of Saudi Arabia and the journey towards a circular economy.”
He mentioned that the development of the Industrial Waste to Energy facility by Veolia is a game changer for the Jubail chemical industry by providing a local, competitive, sustainable and reliable solution for industrial waste management as well as industrial utility supply for PlasChem Park.
“The long-term partnership with Sadara is paving our ‘industrial symbiosis’ path, a model in which resources and energy are recycled and recovered, and it will bring the most advanced technologies to support the growth of PlasChem Park,” he added.
Dr Faisal Al-Faqeer, CEO of Sadara said: “Since its inception, Sadara has been billed as an enabler of the Kingdom’s downstream manufacturing industry, based on our diversified product portfolio and the varied end-use manufacturing opportunities they enable.”
“Part of this offering is the ability to lower the capital footprint required for investors and potential investors to set up their facilities in PlasChem Park, and this agreement is a huge step forward for those investors who have already broken ground, or who will soon be breaking ground in the Park,” he stated.
Faisal Al Dawish, CEO at Veolia Saudi Arabia present during the signing said that they were proud to participate in a project of this magnitude and added that the company plans to have extensive training to develop local talent in the region.
The agreement follows an MoU signed by Sadara and Veolia earlier this year and solidifies plans to provide long-term waste management solutions for Sadara.
