Ras Al Khaimah Economic Zone (RAKEZ) welcomed Royal Gulf Industries, a state-of-the-art lead acid battery recycling company to its industrial environment. A subsidiary of Hyderabad Castings Limited and part of Nakhat Group, Royal Gulf Industries is set to invest AED 62.4 million (USD 17 million) to build the country’s first environmentally safe automotive battery recycling facility on 110,000 square feet of land at Al Ghail Industrial Zone.
Royal Gulf Industries will employ over 150 people in its facility, which is set to be complete in the fourth quarter of 2022.
Royal Gulf Industries to recycle up to 35,000 metric tonnes of used lead acid batteries annually
Royal Gulf Industries intends to recycle up to 35,000 metric tonnes of used lead acid batteries annually. This would generate 21,500 tonnes of lead ingots and 2,400 metric tonnes of plastic granules. Both materials will be exported to India, Korea Japan, China, and Europe to produce new cases and lead acid batteries. This movement accounts for the recycling of almost 58 percent of the lead acid battery scrap generated in the United Arab Emirates (UAE).
Ramy Jallad, Group Chief Executive Officer of RAKEZ, and Yogesh Nakhat Jain, Managing Director of Royal Gulf Industries commemorated the opening of the recycling facility’s construction during a recent signing ceremony at the RAKEZ Compass Coworking Centre.
Hanuman Mal Nakhat, Chairman of Royal Gulf Industries stated that the company is excited to begin its journey in the UAE, where they would be fully recycling battery waste in an environmentally safe way. The company aims to collect waste batteries not just from the UAE, but also import from across the globe to make Ras Al Khaimah a hub for recycling.
RAKEZ has supported Royal Gulf Industries during the entire process of turning this enormous project into a reality. The company’s customer experience to date has been exceptional as they have received support not just for their company registration, but also for developing the business in the UAE, he said.
From consulting with government entities, comprising Environment Protection and Development Authority, Waste Management Authority and Ministry of Industry, RAK Municipality and Advanced Technology acted on behalf of the company to secure the relevant approvals, and hosted them during their visits to Ras Al Khaimah in the past three years of planning the company’s set-up formalities, Nakhat stated.
He also said that the team helped them locate the correct suppliers and connect with construction companies.
Royal Gulf Industries is confident that RAKEZ will continue to play a crucial role in the fulfillment of their vision by offering them all the assistance and support during their business journey, Nakhat added.
Jallad stated that Rakez is delighted to be the chosen ground for Royal Gulf Industries’ pioneering recycling facility in the United Arab Emirates. Ras Al Khaimah’s governance has been striving for environmental sustainability. Therefore, Royal Gulf Industries, alongside other RAKEZ businesses in the closed-loop supply chain complements the UAE’s efforts in the sector.
These companies enhance the country’s non-oil GDP and improve the federal sustainability program. Rakez is committed to maintaining its goal of creating an impact on the globe through its collaborative and nurturing industrial ecosystem, he said.
Royal Gulf Industries plans to finance about AED 125 million and create 350 jobs in Ras Al Khaimah in the second phase extending over a span of three years. The company also intends to make the UAE a hub for creating global supply chains, and recycling metals.
