Elixir United signs pact with Polyeco Gulf

Business Wednesday 14/February/2018 16:40 PM
By: Times News Service
Elixir United signs pact with Polyeco Gulf

Muscat: Elixir United Investment, a part of the well-diversified Omani business house Al Jazeera International Group, signed an agreement with Polyeco Gulf for the provision of hazardous waste management and marine pollution control services in the Sultanate.
Polyeco Gulf is a local subsidiary of Polyeco Group, an international company founded in Greece that specialises in hazardous waste management and marine pollution control services, with operations in more than 12 countries across Europe, the Middle East and Africa.
The agreement was recently signed by Sheikh Mohammed Nasser al Hashar, Vice-Chairman, Al Jazeera International Group. Representing the parent Greek firm were Athanasios Polychronopoulus, Executive Chairman, Polyeco Group – Greece, and Dr Lefteris Chalarakis, Country Manager Oman – Polyeco Gulf.
Commenting on the development, Polychronopoulus said the agreement opened up new opportunities and deepened the relations between the two companies for the delivery of services provided by Polyeco Gulf, including hazardous waste management, to the domestic market.
Polyeco Gulf, which has been in operation in the Sultanate since 2015, is already a provider of hazardous waste management services to Orpic, the Oman Gas Company, the Ministry of Health, Sultan Qaboos University, and the Colleges of Applied Sciences (CAS). Last month, the company was awarded a contract to provide hazardous waste management services to Oman LNG for a three-year period, building on a contract awarded in 2015.
Through its new partnership with Elixir United Investment, the company is also eager to invest in hazardous waste management facilities entailing the use of latest technology to help establish a local industry specializing in hazardous waste processing and recycling with the ultimate goal of adding value to the local economy. This initiative will not only contribute to the goal of keeping Oman’s environment safe, but will also help create job opportunities for young Omanis.
Polychronopoulus further said the company was also in discussion with Be’ah, the solid waste management utility of the Sultanate, with regard to its plans for the development of national hazardous waste management facilities in the country. Also, Polyeco Gulf is conducting a feasibility study for investments of its own in the Sultanate.
Besides, Polyeco Gulf specialises in offering marine protection, port reception facilities, and oil spill response services. The company was recently contracted to manage a major oil spill resulting from a tanker mishap off Greece that soiled some 30km of pristine coastline along the Athens Riviera last September. Nearly 500 people worked daily for three months to clean up the heavily contaminated beachfront, Polychronopoulus said.
In addition, Polyeco Gulf specialises in producing equipment for vessels, such as ballast water treatment systems, oil water separators, and biological treatment equipment, he added.