Recycling

The venture recovers and reuses spent refractories to boost circular mineral supply for steel, cement, and non-ferrous industries.

The acquisition fits Antalis’s strategy to grow in customised packaging—a segment it sees as a key growth driver for its European business.

By combining Imdaad’s FM and environmental expertise with Clean City’s local strengths, municipal services, hazardous/e-waste treatment, and sorting equipment, the JV creates a platform for sustainable solid waste management.

Using strict safety protocols like controlled access and real-time monitoring, the facility turns most hazardous industrial waste from landfill fodder into valuable energy.

These certifications serve as official proof that the business meets international quality, safety, and efficiency standards, boosting credibility with customers, financial institutions, development partners, regulators, and other global stakeholders.

Allotment is expected to be finalised on August 10, with listing on BSE and NSE scheduled for August 12.

The deSter partnership enables large-scale UAE recycling, lowering carbon footprint by avoiding international transport of recyclable materials.

Despite the milestone, CEO David Katz stressed that the challenge persists, an estimated 11 million tonnes of plastic enter the oceans each year, equivalent to a refuse truckload every minute.

The US$10.8 million increase in G&A expenses was primarily attributable to $3.1 million in non-cash share-based compensation.

FAAN’s recycling programme, part of its ACI-accredited Carbon Management Plan, represents a major move toward net-zero carbon emissions.