SIRC & flynas partner to recycle aircraft waste & advance circular economy

SIRC & flynas partner to recycle aircraft waste & advance circular economy

The Saudi Investment Recycling Company (SIRC), owned by the Kingdom’s Public Investment Fund (PIF) and flynas, the national carrier and the leading low-cost airline in the world and the Middle East, have signed a memorandum of understanding (MoU) to explore partnership opportunities in sustainability to enhance efforts to create an advanced circular economy.

The MoU was signed by Mr. Bander Almohanna, CEO and Managing Director of flynas, and Eng. Ziad Al-Shiha, CEO of SIRC, in the presence of senior officials from both companies.

Under the MoU, the two parties seek to explore partnership opportunities and best options for adopting technology and ideal recycling solutions to treat flynas waste, such as oils, plastics, batteries, etc., in order to achieve best practices in recycling, in line with the Saudi Green Initiative seeking to achieve carbon zero neutrality and to enhance sustainability and preserve the environment.

Bander Almohanna

CEO & MD

flynas “We are pleased to enter into this promising partnership with the Saudi Investment Recycling Company as a pioneering company in this field, in line with flynas’ strategy to adopt initiatives with sustainable impact on environment, society, and economy. We trust its ability to transform waste into opportunities, and we are confident that this step will enhance