Uzbekistan's recycling industry set to capitalise on foreign investment influx

Investments in the recycling industry can facilitate the recovery and reuse of valuable resources from waste materials. This reduces the strain on natural resources and promotes sustainable practices crucial for long-term environmental and economic sustainability. Increased investment can lead to better waste management systems, including collection, sorting, and processing facilities. This can help address issues such as landfill overflow and improper waste disposal, improving public health and sanitation.

Uzbekistan's recycling industry set to capitalise on foreign investment influx

{alcircleadd}

Speakers at the International Investment Forum in Tashkent emphasised the burgeoning investment opportunities within Uzbekistan's recycling sector. With approximately US$60 billion (EUR 55.7 billion) in foreign investment flowing into the country over the last six years and a robust 6 per cent growth in gross domestic product last year, Uzbekistan is poised to attract even more investment, particularly in sustainable ventures.

Botirjon Khamraev, Deputy Mayor of the Andijan region, emphasises that prioritising waste recycling initiatives is crucial for the country. He highlights potential investments of US$30 million in such projects, projecting a return on investment within three years.

Uzbekistan, with a population exceeding 35 million, generates approximately 7 million tonnes of household waste annually. Despite around 300 recycling companies processing 1.8 million tonnes of material, significant untapped potential remains.

Umarbek Khalilov, the first Deputy Chairman of the government's Ecology Committee, reiterates the government's commitment to environmental sustainability by stressing the importance of bolstering recycling infrastructure. He advocates for implementing 40 additional sorting lines, establishing 437 new waste collection sites, and creating specialised facilities for medical waste recycling, aiming to elevate recycling rates from their current level of less than 30 per cent to 50 per cent by 2025.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Alternate Text
IBAAS​-IIM 2024

September 25-27, 2024 | BITS Pilani K K Birla Goa Campus, Goa, INDIA

Related
Business Leads
We have requirement of aluminium 6063 scrap. Destination : ...
27-May-2024 Buying request

We have requirement of aluminium dross. Destination : India...
24-May-2024 Buying request

We have requirement of aluminium turning scrap of soft grade...
24-May-2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads