In recent years,environmental pressure has been mounting on government,business and society to preserve our finite resources,protect the environment and adopt a more sustainable approach to their production and consumption habits.This has given rise to the circular economy-an innovative new concept that has emerged as an alternative to the existing linear economic model.In essence,what the circular economy does is create a closed loop for materials that aims to prevent waste and minimise resource consumption.The chemical industry in the Arabian Gulf is one of the fastest growing sectors globally,the foundation of which was built upon the principle of circularity.By converting associated gas-that was otherwise being flared-into high-value chemicals and petrochemicals,the industry enabled tremendous value creation from what was being treated as’waste'.
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