A new compostable polymer plant will be built in the UAE
On February 21, Khalifa Economic Zone Abu Dhabi (KEZAD) Group and ETG Bio Green Polymer, a global leader in sustainable manufacturing, signed a 50-year land lease agreement to build an advanced computable polymer plant in KEZAD A (KEZAD Al Ma'mourah. The new plant will produce 100% sustainable polymers to help manufacturers transition to plastic-free packaging solutions.
ETG will invest AED 150 million (about RMB 296 million) to build this 22,000 square meter facility to strengthen its commitment to pioneering green technologies for the polymer business and contributing to the circular economy. The plant will produce compostable polymer resins, which will promote the packaging industry's move towards sustainable solutions and promote KEZAD's efforts in leading the development of a sustainable manufacturing center.
The new ETG facility will leverage KEZAD's world-class infrastructure, strategic market access, friendly business environment, and favorable policy and regulatory support to accelerate its market share in the region.
Mohamed Al Khadar Al, CEO of KEZAD Group, said: Ahmed said: "We are proud to welcome ETG to KEZAD's growing community of sustainable businesses. As a leader in biocompostable packaging solutions, ETG's presence in KEZAD is an important step in our efforts to drive sustainable industrial development and will help reduce environmental impact and promote a circular economy.
"By supporting green industries in KEZAD, we are working to advance Abu Dhabi's vision for a greener future and strengthen its position as a sustainable manufacturing hub. We look forward to a successful collaboration with ETG to bring meaningful change to the polymer industry."
Kishore Kumar Reddy, CEO and co-founder of ETG said: "At ETG, we believe that sustainability is the future of packaging. Our new facility in KEZAD marks a critical step in our journey to eliminate plastic.
Shoukath Ali, co-founder of ETG said: "We are delighted to partner with KEZAD Group, which shares our vision for a greener planet."
Tariq Iqbal, co-founder of ETG said: "Together, we will drive innovation, support the UAE's sustainability goals, and set a new benchmark for eco-friendly manufacturing in the region."
