04-05 Mar, 2015 - Sharm el-Sheikh, EGYPT
Sheraton Sharm Hotel, Resort, Villas & Spa
Sheraton Sharm Hotel, Resort, Villas & Spa
Asian Fibres, a UAE-based recycling major, will invest $100 million in the single largest production facility for regenerated polyester staple fibre (RPSF) in the MENA region.
The 860,000 square feet production facility located in Ras Al Khaimah, is already under construction, and is slated to begin operations by May, 2015.
The facility will manufacture and supply RPSF produced from post-Polyethylene terephthalate (PET) bottles. The facility will use both waste and virgin PET bottles for manufacturing RPSF.
PET waste accounts for a considerable amount of waste in UAE and therefore, Asian Fibres sources its raw material from its suppliers in the country.
The new facility is expected to have an initial capacity of 100 MT per day, which will double in a year's time.
More on PET recycling in MENA region will be discussed at 16th MENAPET (MidEast & North Africa PET Resin & Polyester Trade, Recycling & Technologies) on 4-5 March, 2015 in Sharm el-Sheikh.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
