{"id":567829,"date":"2020-12-08T04:02:40","date_gmt":"2020-12-08T04:02:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/"},"modified":"2020-12-08T04:02:40","modified_gmt":"2020-12-08T04:02:40","slug":"also-on-our-radar-on-8-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/","title":{"rendered":"Also on our radar on 8 December 2020"},"content":{"rendered":"

<\/a> Raya\u2019s <\/strong>BariQ<\/strong> will establish Egypt\u2019s largest plastic recycling facility in Sixth of <\/strong>October<\/strong> after securing financing from Coca-Cola, Bariq CEO Osama Zaki said, according to Al Mal<\/a>. The plant will sort 10 tonnes of plastic an hour when running at full capacity, which Zaki says would be the highest rate in the world. Coca-Cola, which considers the project a part of its CSR mandate, will finance most of the project. BariQ<\/a>, which is 99% owned by Raya Holding, recyclespolyethylene terephthalate<\/a>, a common polymer used for food packaging and drinks bottles. Raya is currently looking to offload<\/a> its stake in BariQ to an unnamed foreign investor.<\/p>\n

A couple more of those please, Mr. Cola:<\/strong> The soft drinks giant has been named the world\u2019s biggest plastic polluter by environmental group BreakFree From Plastic, which accuses it of making \u201czero progress\u201d on cutting its plastic waste, the Guardian<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

Raya\u2019s BariQ will establish Egypt\u2019s largest plastic recycling facility in Sixth of October after securing financing from Coca-Cola, Bariq CEO Osama Zaki said, according to Al Mal. The plant will sort 10 tonnes of plastic an hour when running at full capacity, which Zaki says would be the highest rate in the world. Coca-Cola, which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,904,1760,72,451,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567829","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bariq","tag-coca-cola","tag-enterpriseam","tag-recycling","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"51ca68a5-ac76-4b4f-b88e-caa784b341ba","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567806],"teaser":"","voice_url":""},"yoast_head":"\nAlso on our radar on 8 December 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our radar on 8 December 2020\" \/>\n<meta property=\"og:description\" content=\"Raya\u2019s BariQ will establish Egypt\u2019s largest plastic recycling facility in Sixth of October after securing financing from Coca-Cola, Bariq CEO Osama Zaki said, according to Al Mal. 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Raya announced initial plans to sell off BariQ in November of last year, which the company said in\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/283.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576172,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/","url_meta":{"origin":567829,"position":1},"title":"Raya close to offloading recycling subsidiary BariQ","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"M&A WATCH- Raya Holding looks poised to sell the entirety of its recycling subsidiary BariQ to an unnamed foriegn investor after the company\u2019s board of directors gave preliminary approval to an offer earlier this week, according to an EGX disclosure (pdf). 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