Press release
Aramco Digital and Recykal Join Forces to Drive Saudi Arabia's Sustainability Vision 2030
Riyadh, 25 Feb, 2025: Aramco Digital, the digital and technology subsidiary of Aramco, and Recykal, a frontrunner in India's Sustainability and Circularity, have formed a strategic partnership to foster a circular economy leveraging advanced technologies and scalable solutions for waste management.The partnership aims to stand firm on the Kingdom's Sustainability Vision to achieve international standards of excellence in sustainability. Sustainability has been at the heart of Vision 2030 since its inception. The Kingdom is focusing on restoring the ecological balance of its land and marine ecosystems for future generations. It also emphasises the sustainable use of natural resources, reflecting the strong cultural connection between Saudis and their environment.
Aramco Digital will leverage Recykal's AI-backed digital and hardware solutions to adopt a circular economy model. Recykal will develop and implement sustainability solutions tailored to meet specific requirements for businesses in the Kingdom of Saudi Arabia (KSA). These solutions aim to enhance operational efficiency, Cleaner environment, reduce landfill waste and promote the responsible management of resources.
Vikram Prabakar, co-founder and Chief Technology Officer, Recykal said, "We recognize that technology is pivotal in realising a truly circular economy. By harnessing our AI-powered digital and hardware solutions, we aim to revolutionise waste management practices, ensuring responsible resource utilisation and promoting a circular economy model in Saudi Arabia. This strategic partnership highlights Recykal's dedication to broadening our global presence and empowering businesses worldwide to adopt circularity. We are enthusiastic about collaborating with Aramco Digital to build a more sustainable future for generations to come. Through the integration of advanced technologies like Artificial Intelligence (AI), Machine Learning (ML) and the Internet of Things (IoT), we can enhance resource efficiency, improve waste management, and support the Kingdom's Vision 2030, setting a new benchmark for sustainable practices in the region."
Raj Rao, Chief Growth Officer, Aramco Digital, said, "At Aramco Digital, we are committed to harnessing advanced digital solutions to drive sustainability and circularity. Our partnership with Recykal aligns with Saudi Arabia's Vision 2030, enabling the adoption of AI-powered waste management technologies that promote efficiency, environmental responsibility, and long-term value creation. By integrating cutting-edge innovations, we aim to redefine sustainability practices across industries and pave the way for a greener future."
Recykal, 134/2, Platinum street, Hi-Tech city, Whitefield, opp. SLN Terminus, Kondapur, Telangana 500032
Press Contact:
Rucha Bakre
Recykal
+91 77990 08382
pr@recykal.com
About Recykal
Recykal is at the forefront of transforming India's waste management landscape by leveraging technology such as Google's CircularNet model to drive circularity and sustainability. The company assists businesses in navigating critical policies on e-waste, End-of-Life Vehicles, plastic, tyres, and more-areas central to addressing global environmental challenges. Backed by Morgan Stanley and Circulate Capital, Recykal has channeled over 1,000,000 metric tonnes of waste and aims to manage 10% of the country's waste in the near future. The platform supports the 95% of recycling efforts driven by casual laborers, formalizing their role and providing them fair market access. Recykal creates sustainable partnerships between waste aggregators and recyclers, enabling brands to meet their legal waste recovery obligations (70-100%) with full traceability and transparency. The company incentivizes consumers to recycle through deposit refund schemes to foster behavioral change. Recykal's journey is as much about technology and innovation as it is about uplifting communities and promoting environmental accountability.
About Aramco Digital
Aramco Digital is the digital and technology subsidiary of Aramco, a global integrated energy and chemicals company. Aramco Digital aims to help drive digital transformation and technological innovation across various sectors.
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