RAK to get UAE’s first $16 million used battery recycling centre

August 4, 2022

, By Team SNFYI

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Royal Gulf Industries, a subsidiary of Hyderabad Castings Limited and part of the Nakhat Group, announced on Thursday that it will invest AED6.4 million to build the UAE’s first environmentally friendly automotive battery recycling centre.

The 110,000-square-foot project at Al Ghail Industrial Zone will be operational by the fourth quarter of this year, with over 150 people employed. The company hopes to recycle up to 35,000 metric tonnes of used lead acid batteries per year through this project. As a result, the company expects to produce 21,500 tonnes of lead ingots and 2,400 metric tonnes of plastic granules, the majority of which will be exported to India, Japan, Korea, China, and Europe for the manufacture of new lead acid batteries and cases.

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RAK to get UAE’s first $16 million used battery recycling centre

August 4, 2022

, By Team SNFYI

Royal Gulf Industries, a subsidiary of Hyderabad Castings Limited and part of the Nakhat Group, announced on Thursday that it will invest AED6.4 million to build the UAE’s first environmentally friendly automotive battery recycling centre.

The 110,000-square-foot project at Al Ghail Industrial Zone will be operational by the fourth quarter of this year, with over 150 people employed. The company hopes to recycle up to 35,000 metric tonnes of used lead acid batteries per year through this project. As a result, the company expects to produce 21,500 tonnes of lead ingots and 2,400 metric tonnes of plastic granules, the majority of which will be exported to India, Japan, Korea, China, and Europe for the manufacture of new lead acid batteries and cases.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Zomato clarifies on reports of it moving to a multiple CEO structure

Next News

Fintech lending startup CredAble raised $9 million from Axis Bank and OAKS Asset Management

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