Royal Gulf Industries, a subsidiary of Hyderabad Castings Limited and part of diversified multi-business Indian conglomerate Nakhat Group, is set to invest AED62.4 million ($17 million) in building a used battery recycling centre on approximately 110,000 sq ft of land at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (RAKEZ) in Ras Al Khaimah, UAE.
According to RAKEZ, this will be the UAE’s first environment-friendly automotive battery recycling centre and will employ more than 150 people in its facility, which is set to be ready in the fourth quarter of 2022.
The company aims to recycle up to 35,000 metric tonnes of used lead acid batteries annually. This will produce 21,500 tonnes of lead ingots and 2,400 metric tonnes of plastic granules. Both of these materials will be largely exported to India, Japan, Korea, China and Europe for the manufacturing of new lead acid batteries and cases. This activity accounts for recycling around 58% of the lead acid battery scrap generated in the UAE, RAKEZ said in a statement.
Ramy Jallad, Group CEO of RAKEZ, and Yogesh Nakhat Jain, Managing Director of Royal Gulf Industries, marked the beginning of the recycling unit’s construction during a recent signing ceremony held between the two parties at the RAKEZ Compass Coworking Centre.
“We are very excited to start our journey in the UAE, where we will be fully recycling battery waste in an environment-friendly way. We aim to collect waste batteries not just from the UAE, but also import from around the world to make Ras Al Khaimah a hub for recycling” said Hanuman Mal Nakhat, Chairman of Royal Gulf Industries.
“RAKEZ has supported us every step of the way in turning this massive project into a reality. Our customer experience so far has been excellent as we have received support not just for our company registration, but also for developing our business in the UAE. From liaising with government entities, including Environment Protection and Development Authority, RAK Municipality, Waste Management Authority and Ministry of Industry and Advanced Technology on our behalf to secure the relevant approvals, to hosting us during our visits to Ras Al Khaimah in the past three years of planning the company’s set-up formalities. The team also helped us find the right suppliers and connect with construction companies. We are confident that RAKEZ will continue to play a crucial role in the fulfilment of our vision by offering us all the assistance and support during our business journey,” he added.
Jallad said: “We are glad to be the chosen base for Royal Gulf Industries’ pioneering recycling facility in the UAE. Ras Al Khaimah’s leadership has been striving for environment sustainability. Hence, Royal Gulf Industries, along with other RAKEZ companies in the closed-loop supply chain complement the emirate’s efforts.” He added, “These companies boost the country’s non-oil GDP and advance the national sustainability agenda. We are committed to support their goal of making an impact in the planet through our nurturing and collaborative industrial ecosystem.”
In its second phase spanning three years, Royal Gulf Industries plans to invest about AED 125 million and create 350 jobs in Ras Al Khaimah. The company also aims to make the UAE a hub for recycling metals, creating global supply chains.
Nakhat Group is a diversified multi-business Indian conglomerate. The company is involved in alloys steel castings and aluminum manufacturing; real estate, infrastructure and construction; power generation; and mining. It caters to diverse industries including cement, heavy engineering, sugar, power and mining among others.—TradeArabia News Service