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    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

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    • Business & Economy
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      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

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      • CES 2017
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      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

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      • Energy
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        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Total-led consortium to start drilling offshore Lebanon in September

        Total-led consortium to start drilling offshore Lebanon in September

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

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        • Hospitality
          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
          • All
          • Agriculture
          • Environment
          • Food
          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Total-led consortium to start drilling offshore Lebanon in September

              Total-led consortium to start drilling offshore Lebanon in September

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Iran: Great Opportunity in Recycling Investment

              Financial Tribune

              September 21, 2017
              in Renewable Energy
              0
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              Recycling is a strategic industry, as it generates considerable value added and creates sustainable jobs. However, lack of investment has failed to realize its high potentials.
               
              “The recycling industry has a share of less than 0.1% in Iran’s economy,” the secretary-general of Iran Recycling Federation said.
               
              Tohid Sadrnejad also told Financial Tribune that this industry currently makes up 12% and 6% of China’s and Germany’s GDPs respectively.
               
              Iran Recycling Federation was established in 2008 for organizing and developing the Iranian recycling industry. The federation currently has 250 members.
               
              Sadrnejad stressed that recycling, compared to production, takes much less energy and resources.
               
              But that’s not all. Recycling converts the linear economy, which transforms resources into products and then toxic waste, into a circular economy whereby environmental and technical resources are processed and transformed.
               
              It can tremendously help the economy by preventing massive costs inflicted on health, environment and the wasteful use of mines and forest resources.
               
              However, these benefits have been overlooked in the Iranian economy and the need for setting policies supporting the development of recycling industries in the country is felt more than ever.
               
                Dismal Data
               
              The official noted that, according to UN statistics, 23 million tons of garbage are produced in Iran annually and per capita production of solid waste stands at 292 kilograms.
               
              “This is while the rate of material recycling in Iran is about 1-2% while energy recycling is at 3.8,” he said.
               
              Solid waste, commonly known as trash, garbage, refuse or rubbish, consists of everyday items that are discarded by the public.
               
              Research indicates that food constitutes 75% of Iran’s municipal solid waste.
               
              Sadrnejad said each Iranian produces an average of 800 grams of garbage daily.
               
              Burning garbage, aside from not being economical, releases large amounts of carbon dioxide into the air even if it is done in the most advanced and cleanest furnaces.
               
              Iran is among the top 10 producers of greenhouse gases in the world.
               
              “Over 80% of the country’s wastes are either buried or burned,” he said.
               
              According to Sadrnejad, in view of the current state of the Iranian economy, investors look for opportunities that do not require a great deal of capital.
               
              “Recycling has higher potential of generating value added compared to other economic activities. The industry is an ideal platform for investors,” he said.
               
                Steel Industry Iran’s Most Active Recycling Field
               
              The most active field in Iran’s recycling industry relates to steel recycling from scrap iron, which hardly accounts for one-third of domestic steel production in the country.
               
              For years, Iran’s steel industry has struggled with a shortage of scrap iron.
               
              According to experts, Iranian steel mills’ annual demand for the raw material stands at about 3 million tons, while local scrap producers can only supply half this figure. The country’s ports also lack the infrastructure to import large volumes of scrap iron.
               
              Experts believe that higher scrap iron consumption can help boost the steel industry’s competitive edge by enhancing efficiency. However, Iran’s unbridled direct-reduced iron production and the material’s high availability discourage producers from increasing scrap usage.
               
              “In Iran, cheap energy and abundance of iron ore are the main causes of steelmakers shying away from scrap usage,” says steel industry expert, Taqi Mortazavian.
               
              “This is while most Iranian iron ore is made up of low-grade hematite deposits, the use of which entails a costly beneficiation process. The less pure the mined ore, the higher the volume and more energy is required to turn it to steel.”
               
              According to Mohammad Holakouie, managing director of Tuka Trading Company, scrap metal currently comprises less than 15% of Iranian mills’ annual feedstock.
               
              “Using scrap iron is definitely more efficient, but the market supply is low in the face of rising demand and the government has not taken any measures to address the issue,” he said.
               
              “Boosting scrap supply, from other than government patronage, requires an active construction sector, which is currently deep in recession.”
               
              According to Shahram Saber-Tehrani, the head of Khorasan Steel Complex’s Research Department, scrap metal collection and sorting are usually handled manually in unlicensed scrap yards across Iran.
               
              “This outdated method keeps the country’s scrap metal supply below the required industrial level,” he said.
               
              Furthermore, recyclers forgo the crucial process of separating clean from dirty scraps. Hence, steelmakers are compelled to feed their mills with low-quality, environmentally unfriendly scraps while struggling with an unbalanced supply and demand chain in the process.
               
              This is while, according to Holakouie, Iranian industries, especially the auto sector, have high scrap metal production capacity which, if harnessed while complying with global industrial standards, can enhance the steel industry’s output by cutting production costs and increasing product quality.
               
              “Currently, more than 4 million dilapidated cars in Iran, with 350,000-400,000 more being added annually, in addition to 30,000 trucks, buses, minibuses and tractors, need to be scrapped,” he said.
               
              “Cars alone can potentially provide the industry with about 10 million tons of scrap metal.”
               
              Iran’s largest scrap car recycling plant was inaugurated in Zanjan Province in February.
               
              Fuka San’at plant was established with an investment of $6.51 million and an annual production capacity of 180,000 tons of scrap iron.
               
              The German Scholz Holding GmbH holds an 80% stake in the plant and the rest has been financed by an Iranian partner.
               
              Founded in 1872 and based in Essigen, Germany, Scholz Holding collects, sorts, processes, sells and recovers steel scrap and nonferrous metal. The company produces and supplies aluminum and high-grade steel.
               
               
              Financial Tribune
              21 September
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