EA spotlights investment potential in plastic waste recycling, circular economy

EA spotlights investment potential in plastic waste recycling, circular economy

Environment Authority highlighted investment potential in plastic waste recycling at symposium 'Plastic Waste Recycling' held on Wednesday.Muscat – Environment Authority (EA) has emphasised the significant investment potential in plastic waste recycling with opportunities extending to small and medium enterprises and bigger businesses alike.

At a symposium titled ‘Plastic Waste Recycling’ held on Wednesday, EA underscored the importance of preserving the environment and protecting planet Earth from the hazards posed by unutilised waste.

The symposium was inaugurated by Dr Abdullah al Amri, Chairman of EA.

In his address, Dr Mohammed bin Saif al Kalbani, Director General of Environmental Affairs at EA, reiterated the symposium’s role as a continuation of the authority’s efforts, in collaboration with government and private entities, as well as civil society organisations, to promote circular economy projects.

Kalbani pointed out that global plastic waste is estimated at 250mn tonnes, with approximately 8mn tonnes leaking into oceans annually. He cited studies predicting global plastic production could reach 580mn tonnes annually by 2050.

He added that recycling operations present an investment opportunity accessible to various economic strata, encouraging the establishment of small and medium-sized recycling projects.

The symposium focused on transitioning towards a circular economy model, which aims to reduce waste and enhance resource efficiency through