Gulf Compound Blending (GCB), a newly-formed joint venture between Met T&S (Maire Tecnimont Group), M Cecchi & Co and Arab Development Establishment, is set to establish a new polymer facility within the Khalifa Industrial Zone Abu Dhabi (Kizad).
GCB, which is part of the newly launched Kizad Polymers Park, will be manufacturing and supplying thermoplastic materials using waste and non-prime materials in the UAE.
The facility will produce new compound products specifically customized for targeted industries and will provide a link between raw material producers and plastic material manufacturers.
According to GCB, the 25,000-sq-m facility at Kizad will use Khalifa Port on a daily basis to import and export products.
The company’s target capacity is 500,000 tonnes of products per year in the medium to long term and will contribute to Kizad’s burgeoning polymers hub with its know-how in re-processed and re-conditioned products, it stated.
The new initiative, with support from Areco, will enable customers to purchase polymer materials specific to their requirements and needs, said the company in its statement.
The Maire Tecnimont Group JV pointed out that as a second step of development, it will expand its activities to plastic recycling as additional feedstock for its compound products, contributing to a new circular economy approach in the UAE.
Commenting on the new project, Kizad CEO Samir Chaturvedi said: "Global industrial enterprises continue to recognize the strategic location, long-term competitive commercial advantages and supply chain efficiencies provided by Kizad."
"I’m confident that the holistic port-based industrial zone offering provided by the Kizad and Khalifa Port ecosystem will position GCB to support Abu Dhabi’s Economic Vision 2030 and industrial diversification across the UAE. With some of the world’s largest polymer resin manufacturers based in the UAE, Abu Dhabi is increasingly becoming a major global hub for the sector," he stated.
Mohammed Yousif Al Nowais, a board member of GCB and sponsor of the project, said: "We are glad to contribute in such initiative, in line with Abu Dhabi’s long-term strategy. GCB will enable the development of Kizad and add value to the polymers ecosystem."
"Committed to supporting In-Country-Value in the UAE, GCB will establish its core business and hub in Abu Dhabi," he added.
