EQUATE signs one-year plastic waste recycling deal with Kuwait's MRC
EQUATE Petrochemical Company has agreed a one-year renewal contract for Kuwait's Metal and Recycling Company (MRC) to collect and recycle plastic waste from its industrial operations, MRC said on 21 October 2026. MRC will install 20 dedicated containers at EQUATE's facilities and transport the waste to its own sites for sorting, processing and recycling. The contract value was not disclosed, as pricing depends on international raw plastic prices and the quantity to be collected is unknown.
Why this mattersPetrochemical producers outsourcing industrial plastic scrap to specialist recyclers signals growing demand for traceable feedstock recovery in the Gulf.
- EQUATE Petrochemical Company and MRC signed a one-year renewal term plastics waste deal, announced 21 October 2026.
- MRC will place 20 dedicated containers inside EQUATE's facilities to collect plastic scrap.
- Boursa Kuwait-listed MRC disclosed the deal on 20 October 2026, with a correction filed 21 October.
- Contract value was not specified; pricing is tied to international raw plastic material prices.
- MRC said the financial effect cannot be estimated as the quantity of plastic to be bought is unknown.
- MRC's Vice Chairman and CEO Tarek Ibrahim Al-Mousa said the deal supports EQUATE's industrial plastic waste management.
Sources
oilandgasmiddleeast.com