Soiltech ASA announces the establishment of a strategic partnership with Estedama Environmental Solutions Co. in Saudi Arabia. Estedama is a leading contributor to Saudi Arabia’s circular economy and industrial waste management efforts, in line with Saudi’s Vision 2030 and its objective to achieve environmental sustainability. Estedama treats and recycles industrial waste and provides comprehensive environmental, consulting and industrial services.
“By combining Soiltech’s innovative and market leading waste management technologies with Estedama’s strong position in the Oil & Gas industry in the Kingdom of Saudi Arabia, we will be able to offer a complete range of sustainable waste management services in the Kingdom. We are excited about the future opportunities this collaboration may bring”, says Jan Erik Tveteraas, Soiltech’s CEO.
“With this partnership, we aim to support Saudi Arabia’s circular economy and adhere to The Kingdom’s initiatives to protect the environment using advanced internationally accepted technologies and practices that maximize drilling and offshore waste recycling to recover valuable materials for reuse. Additionally, our technology will align with the National Center for Waste Management (MWAN) targets for the national landfill diversion and environmental conservation measures”. says Faleh Aldossary, Estedama’s General Manager
About Estedama
Estedama Environmental Solutions Co. (www.estedama.com.sa) is a leading environmental service provider in Saudi Arabia. Established in 2015, Estedama provides turnkey solutions and individual services, including Industrial waste management, Industrial waste recycling, environmental services and Industrial services to the Oil & Gas and Petrochemical industries. Estedama is headquartered in Al Khobar, Kingdom of Saudia Arabia.
About Soiltech
Soiltech ASA (www.soiltech.no) is an innovative technology company specializing in the treatment, recycling and sustainable handling of contaminated water and solid waste on site. Soiltech’s technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse. Soiltech operates world-wide and is headquartered in Norway.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Contact: Tove Vestlie, CFO Telephone: (+47) 90 69 06 48
Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25
