Riyadh, Saudi Arabia, Duisburg, Germany, and Oslo, Norway – MVW Lechtenberg Projektentwicklungs- und Beteiligungsgesellschaft GmbH, a prominent consulting firm specializing in alternative fuels for the cement and related industries, has teamed up with Empower, a leading provider of innovative traceability solutions, to launch a transformative plastic waste management project in The Kingdom of Saudi Arabia.
In order to expand the scope and effectiveness of this project, MVW Lechtenberg & Partner Middle East and SIRC have formed a joint venture. SIRC, the executive arm for waste management under the Government of Saudi Arabia and a subsidiary of the Public Investment Fund (PIF), is a key player in this initiative.
The aim of the project is to process approximately 3 million tonnes of municipal solid waste per year to produce refuse-derived fuels (RDF) in six governorates. This will result in an estimated reduction of 1,791,300 tonnes of CO2 emissions per year once the project is fully implemented.
The project will utilize Empower’s blockchain technology to ensure transparent tracking and management of plastic waste from collection to recycling and RDF conversion. This system will enable real-time monitoring of waste management activities, providing valuable data for stakeholders such as municipalities, governments, and environmental organizations.
One of the key innovations of this project is the integration of Plastic Credits and RDF systems. Plastic Credits incentivize responsible waste disposal by offering financial rewards for verified plastic waste collection and recycling activities. These credits can be traded or sold to entities looking to neutralize their plastic footprint or comply with environmental regulations, promoting a more circular economy.
Plastic Credits will also help bridge the financial gap between the cost of collecting and processing plastic waste and the market price for recyclable materials and RDF. By providing a sustainable revenue stream, these credits will ensure the long-term financial viability of this waste management initiative, making it more appealing to investors and stakeholders.
The verification of these credits will be based on the GPx traceability standard, developed by GPN Corporation as a member of the International Green Purchasing Network (IGPN). This standard ensures high levels of transparency, traceability, and accountability, which are crucial for building trust and securing participation from various stakeholders.
MVW Lechtenberg & Partner is a German consulting firm with a focus on efficient and sustainable use of alternative fuels. With a wealth of experience in international projects, the company is committed to promoting sustainable practices and innovative solutions in waste management.
Empower, a Norwegian technology company, specializes in supply chain traceability solutions with a strong emphasis on sustainability and transparency. Their innovative platform assists businesses and organizations in managing waste more efficiently and responsibly.
For further information, please contact:
Dirk Lechtenberg, dirk.lechtenberg@lechtenberg-partner.de
Knut Landsverk, knut@empower.eco
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