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Saudi Arabia’s SABIC signs MoU with Saudi Investment Recycling Co

Saudi Basic Industries Corporation, one of the world’s largest petrochemical firms, said on Sunday it has signed a memorandum of understanding with Saudi Investment Recycling Company to help SIRC set up its first chemical recycling plant to convert mixed plastic waste into recycled feedstock.

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The agreement will help Saudi Arabia meet its waste management objectives, SABIC said in a tweet.

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