MOC Petroleum Recycling plans to build EGP 270 mn waste tire, rubber recycling plant

MOC Petroleum Recycling is planning to invest EGP 270 mn to establish a new waste tire and rubber recycling plant in Giza this year, VP Yehia Rafik tells Al Mal. The plant is expected to recycle 500 tonnes per day, Rafik said. The operating license for the plant is expected to be issued in the next few days.