Emirates Biotech appoints Samsung E&A as contractor for PLA plant
The company said in a press statement that the South Korean company will oversee all engineering, procurement, and construction work for the Falcon PLA project, which will produce biodegradable and environmentally friendly plastic alternative.
The pre-EPC contract, covering the initial phase of the collaboration, was signed on 14 April 2025.
The PLA plant, which will use technology from Sulzer, is scheduled to start operations in early 2028, the statement said.
In December 2024, Zawya Projects had reported that the new plant will be developed in two phases, each with an annual capacity of 80,000 tonnes, for a total production of 160,000 tonnes per annum. The project will have a pverall investment of approximately $800 million, split over the two phases.
The report also noted that the plant's output will be sold in the UAE, Saudi Arabia, Oman and Kuwait as well as India, Turkey and Europe.
Emirates Biotech is a joint venture between UAE-based SS Royal Kit Emirates Investment and Hong Kong-based Global Biopolymers Industries (GBI).
(Writing by Anoop Menon; Editing by SA Kader)
(anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Emirates 24/7
6 minutes ago
- Emirates 24/7
Mohammed bin Rashid aerospace hub launches sky support complex to meet growing industry demand
The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South has announced the launch of its new Sky Support Complex, a modern facility designed to support the increasing demand for aviation-related services in the region. Strategically located within the Aerospace Supply Chain Zone, the Sky Support Complex, a landside facility, spans a total area of 16,661 square meters and offers 14 premium units. The facility provides exceptional access, flexibility, and world-class infrastructure, positioning it as an ideal choice for companies seeking to operate within a thriving aerospace and logistics environment. Companies based at the Sky Support Complex will benefit from operating within a bonded free zone area that allows 100% foreign ownership. The facility also offers superior infrastructure when compared to other free zones, with flexible warehouse, office, and commercial space options that can accommodate diverse business needs. Additionally, the complex is adjacent to Al Maktoum International Airport providing seamless operational connectivity and access to the broader Dubai South ecosystem. In his comments, Mohammad Al Falasi, Deputy CEO of Mohammed bin Rashid Aerospace Hub, commented: 'The sustained growth in the aviation sector and the rising demand for aviation-related services from regional and global companies have driven us to continue expanding our infrastructure. The launch of the Sky Support Complex is a direct response to this growing need, as we remain committed to delivering high-quality facilities that support our partners and contribute to Dubai's position as a global aviation hub.' MBRAH offers global aerospace players high-level connectivity and is a free-zone destination for the world's leading airlines, private jet companies, MROs, and associated industries. Located in and developed by Dubai South, MBRAH is also home to maintenance centres and training and education campuses. It seeks to strengthen engineering industries to foster the emirate's vision of becoming a leading aviation hub.
Emirates 24/7
6 minutes ago
- Emirates 24/7
Dubai chamber of commerce welcomed 35,532 new member companies during the first six months of 2025
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced its key achievements for the first half of 2025. The results reflect the chamber's continued efforts to enhance the competitiveness of Dubai's business environment and contribute to the goals of the Dubai Economic Agenda (D33). The chamber welcomed 35,532 new member companies during the first six months of 2025, marking a 4% year-over-year (YoY) growth. This steady increase reflects the continuing attractiveness of Dubai's business environment among the global business community and the sustained inflow of foreign direct investment. The value of members' exports and re-exports reached AED 171.9 billion during H1 2025, representing an 18% increase compared to the same period last year. The chamber also issued 409,083 Certificates of Origin, up 10% from H1 2024, and issued and received 2,961 ATA Carnets for goods valued at around AED 1.94 billion. H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, commented: 'Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the emirate continues to strengthen its position as a leading global centre for trade and investment. Dubai's integrated business ecosystem plays a pivotal role in reinforcing investor confidence in the positive outlook of the national economy.' H.E. Al Mansoori added: 'We are committed to empowering the local business community by shaping a regulatory and legislative environment that fosters growth, creates opportunities, and supports the development of priority sectors. The chamber will continue to strengthen its efforts to enhance public-private partnerships, which form a key pillar in achieving the goals of the D33 Agenda.' Supporting Global Expansion The chamber successfully supported the expansion of 60 local companies into new global markets during H1 2025, achieving 76% growth compared to 34 companies supported during the same period in 2024. As part of its 'New Horizons' initiative, which enables Dubai-based companies to join targeted trade missions and explore opportunities in global markets, the chamber organised two missions to Southeast Asia and Africa. Encompassing visits to Thailand, the Philippines, Angola, and Mozambique, these resulted in 1,076 B2B meetings between Dubai companies and their counterparts in the four markets. Strengthening the Legislative Ecosystem During H1 2025, the chamber reviewed 27 laws and draft laws in collaboration with Business Groups. The private sector's recommendations achieved a 60% adoption rate, up from 46% in H1 2024. It also arranged 98 meetings with Business Groups and Business Councils, representing YoY growth of 104%. In addition, the chamber established five new Business Councils during the first half of the year representing the interests of investors from Brazil, Slovakia, Peru, Indonesia, and Hungary. As part of its ongoing efforts to raise legal awareness, the chamber organised 19 legal events attended by 1,414 participants from the business community. These included a series of seminars and workshops highlighting the latest developments in the legislative landscape. The chamber received a total of 94 mediation cases during the first half of the year, representing YoY growth of 19%. The combined value of these cases exceeded AED 213.5 million. Dubai Centre for Family Businesses The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, continued its mission to ensure the sustainability and growth of family enterprises. In partnership with Dubai's Department of Economy and Tourism, the centre released 'Family Businesses in the Emirate of Dubai: A Guidebook,' an informative guide outlining best practices for preserving family wealth and ensuring long-term continuity and growth. The centre hosted two events as part of its 'Governance Series.' The first showcased an international case study on intergenerational business continuity, while the second explored strategies for building a lasting legacy for family businesses. As part of the centre's Next-Gen Training Programme, a workshop was held to enhance the skills of the next generation of family business leaders in generative AI prompt engineering. The centre also conducted a media training session for family business representatives to strengthen their public presence and reinforce their reputations, supporting efforts to highlight the legacy and achievements of family businesses in Dubai.
Emirates 24/7
6 minutes ago
- Emirates 24/7
Empower's district cooling consumption increases by 7.1% in the first half of 2025
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, announced a 7.1% increase in the volume of consumption of its district cooling services, measured in refrigeration tons per hour (RTh) during the first half of 2025 compared to the same period in 2024. This growth is driven by the high occupancy rates in existing real estate projects, as well as the addition of new projects to the company's portfolio. These developments have contributed to diversifying Empower's customer base, which spans residential, commercial, hospitality, healthcare, retail, entertainment, and other sectors, all of which are increasingly adopting energy-efficient cooling solutions and prioritising sustainability in their operations to reduce carbon emissions. The sustained increase in district cooling consumption reflects the growing demand for environmentally friendly district cooling services. In the first half of the year, the company signed 86 new contracts to supply more than 99,000 RT to various projects and buildings across Dubai, raising its total contracted capacity to 1.86 million RT. Empower's connected capacity also grew to over 1.6 million refrigeration tons with the addition of approximately 38,000 RT, while the number of buildings served reached 1,684. 'Empower is committed to delivering district cooling services of the highest quality and reliability, leveraging advanced technologies and innovations. This commitment supports Dubai's ongoing population growth, urbanisation, and economic development, while aligning with the vision of the wise leadership to build a green future and achieve sustainable development and net zero goals,' said H.E. Ahmad bin Shafar, CEO of Empower. 'We take pride in the trust our customers across sectors have placed in us as a reliable partner in their journey to reduce carbon footprint and embrace sustainable best practices. The steady increase in consumption and the expansion of our customer base are a testament to the high efficiency of Empower's district cooling services. They also serve as a strong motivation for us to uphold the quality of our services and to further grow our business and partnerships for the benefit of all stakeholders,' he added. Bin Shafar emphasised that the readiness of Empower's state-of-the-art district cooling systems, their high operational efficiency, and their use of the latest technologies, combined with their large capacity, were key factors in meeting the growing demand for environmentally friendly cooling services during the first half of this year. He added that this exceptional operational performance enabled Empower to meet the needs of diverse sectors, demonstrating the flexibility and efficiency of the company's infrastructure. This performance was further strengthened by the implementation of an extensive maintenance and preparation campaign ahead of the summer season, covering the company's 88 district cooling plants and distribution networks. The activity ensured the readiness of all units and facilities, keeping pace with the anticipated seasonal increase in demand, particularly in light of the high summer temperatures. As a result, Empower was able to provide a comfortable indoor environment for Dubai's residents and its customers across the sectors. Empower also highlighted the substantial rise in its customers' district cooling consumption (RTh) over the past five years, from 2020 to 2024, with a growth of approximately 69%. This consistent increase in district cooling consumption in Dubai remains one of the key drivers of the company's ongoing expansion, as well as its sustained revenue growth and profitability.
