Oman's Sohar Freezone to Host $3 Million Lead-Acid Battery Recycling Plant
Sohar Port and Freezone has signed a land lease agreement with Starsun Sohar to establish a $3 million recycling plant for lead-acid batteries within the freezone.
In a significant step towards sustainable industrial practices, Oman's Sohar Freezone is set to host a $3 million lead-acid battery recycling plant.
The facility, covering 7,000 square meters, will focus on recovering valuable materials from locally used batteries, with a projected production capacity of 1,000 tonnes per month.
The recycling plant will also export lead ingots, lead oxide, and red lead oxide to key markets, including India, China, Korea, and several European countries1.The recycled materials will be traded on the London Metal Exchange, bolstering global trade capacities.
Omar bin Mahmood Al Mahrizi, CEO of Sohar Freezone, emphasized the importance of this initiative, stating, "We are setting a model for sustainable industrial practices, where waste is transformed into valuable resources, thereby fostering a greener, more resilient economic ecosystem".
Sohar Port and Freezone, which contributes 2.1% to Oman's GDP, offers 26,000 direct and indirect employment opportunities.
The recycling plant aligns with the freezone's commitment to sustainable management of lead-acid batteries, ensuring compliance with environmental standards3.
