Recycling company calls for more support for plastic processing in UAE


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AL AIN // When Emirates Environmental Technology (EET) opened its plastics recycling plant in Al Ain at the end of 2011, it expected to be processing vast amounts of hard plastics and plastic film every day.

Three years on, the facility, which was opened as an extension to an existing sorting station and compost plant, is still unable to harvest the quantities necessary to run at full capacity because large amounts of hard plastics continue to end up in landfills.

The Sharjah-based company has the contract to process all the waste from Abu Dhabi’s Eastern Region. In exchange, it is allowed to sell all recyclable materials recovered from the waste. Materials, such as metal and paper, can then be sold on to other recyclers.

It reprocesses household waste plastic sheet and high-density polyethylene (HDPE) at a facility near the Al Ain landfill.

The company’s line for HDPE – a hard plastic used to make shampoo bottles and non-transparent milk containers – is operating at only half and sometimes even 30 per cent of its capacity, said Katharina Goeschl, the company’s general manager.

“If we have material we reach 20 to 22 tonnes per day production, but some days we are not running because we do not have raw material,” she said.

Once the HDPE and plastic film are recovered from the rest of the waste, they are cut into granules and sold to companies across the region and beyond. They are then used to make such goods as pipes, storage tanks and containers.

Early last year, a programme to encourage commercial establishments to segregate their waste came into effect. So far, however, it has not helped as companies are now sorting the segregated waste and selling it to the highest bidder instead of bringing it to the EET sorting station.

The company complements the amounts of HDPE it recovers from Al Ain waste – about 100 tonnes a month – with purchases from recyclers in Dubai, Ras Al Khaimah and occasionally Sharjah.

Often it faces competition from traders offering prices higher than those on the international market, said Ms Goeschl. This material is then shipped abroad.

Ms Goeschl believes the Government could help local recyclers by encouraging the sale and processing of recycling materials domestically, giving priority to local processing companies.

Another step could be to allow the import of raw materials that could be recycled locally, something currently forbidden for recyclable materials recovered from waste.

“It would be a different situation if we were able to import raw material, but this is not possible,” said Ms Goeschl.

“It is sad. We do not want to use material from the outside because we have enough waste here. But it has to be recovered first and then it should not go to China, it should stay in the country.”

vtodorova@thenational.ae

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Alia’s winning experiment examined how genes might change under the stresses caused by being in space, such as cosmic radiation and microgravity.

Her samples were placed in a machine on board the International Space Station. called a miniPCR thermal cycler, which can copy DNA multiple times.

After the samples were examined on return to Earth, scientists were able to successfully detect changes caused by being in space in the way DNA transmits instructions through proteins and other molecules in living organisms.

Although Alia’s samples were taken from nematode worms, the results have much bigger long term applications, especially for human space flight and long term missions, such as to Mars.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

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“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

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THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

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Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
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