MRC signed a three-year renewable agreement with EQUATE Petrochemical Company to provide a value-added waste management, logistics, recycling and marketing solution for EQUATE's scrap. MRC was contracted to collect all waste on-site, using 25 large containers placed at strategic locations at EQUATE's industrial complex, then forward the contents regularly to specialized facilities at MRC for treatment, where they would be recycled into high standard raw materials suitable for manufacturing, and shipped to customers outside the MENA region. Over the three year period of the agreement, an estimated 20,000 tons of scrap material will be processed.