ReViva, a global environmental services company and a wholly-owned subsidiary of the Public Investment Fund's recycling group, the (SIRC), has signed a joint cooperation agreement with ENRESTEC, a specialized tire recycling company, and Saudi holding company “Hama”. The agreement aims to recycle damaged and worn-out tires, representing an advanced step in tire waste management in the region.
Damaged tires pose an environmental challenge, as they often end up in landfills, occupying a significant space and causing long-lasting environmental pollution. Through this new collaboration with ENRESTEC and Hama, ReViva aims to significantly reduce environmental pollution, promote recycling, and conserve resources for optimal utilization.
The CEO of ReViva, Engineer Khaled bin Saad Al-Rashid, explained that this collaboration will lead to the development and implementation of advanced recycling technologies that can transform used tires into valuable resources such as pyrolysis oil, carbon black, and steel, which can then be used in various industries including construction, paving, and even fuel. He added, “Our aim is to reduce waste and environmental pollution and strive to achieve a circular economy and promote a more sustainable future”.