Company AnnouncementsNomu
National Environmental Recycling Co. “Tadweeer” Announces the Acceptance of Its Registration under the Greenhouse Gases Crediting & Offsetting Mechanism (GCOM), Paving the Way for a New Pathway in Carbon Markets
9540 | TADWEEER
JUL 7, 2026, 06:06 AM (1448/01/22)
3 Min Read
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| Announcement Detail | National Environmental Recycling Co. “Tadweeer” is pleased to announce to its valued shareholders that the Company’s registration has been accepted under the Greenhouse Gases Crediting & Offsetting Mechanism (GCOM), through the pathway approved by the National Committee for Clean Development Mechanism, operating within the Ministry of Energy ecosystem in the Kingdom of Saudi Arabia. This registration represents an important strategic milestone in the Company’s journey, as it provides Tadweeer with the opportunity to capitalize on the environmental impact generated by its core operations in the recycling of electronic and electrical waste and metals. It also creates a pathway for converting this impact into measurable, verifiable, and certifiable value in the future, further strengthening the Company’s presence in the sustainability sector and carbon markets. It is also worth noting that Tadweeer is the first company in the Kingdom of Saudi Arabia to have its registration accepted under this mechanism. The significance of this step lies in the fact that the Company’s day-to-day operations already generate a tangible environmental impact by reducing or avoiding carbon emissions through recycling waste, rather than disposing of it through conventional methods or producing virgin raw materials. Following the acceptance of the Company’s registration under GCOM, this environmental impact can now enter a formal process through which it may be measured, verified, and certified, potentially enabling it to be converted into carbon credits and certificates with commercial value in the future. Accordingly, the value generated by Tadweeer will not be limited solely to the sale of recycled materials and products, but may also extend to the creation of an additional revenue stream through carbon credits and certificates that may be issued in the future. This reflects the Company’s ability to maximize the value generated from the same operating activities by converting previously unmonetized environmental outputs into economic value. During the next phase, the Company will work to complete the requirements associated with this process. These requirements include collecting operational data relating to the quantities processed and recycled, preparing the relevant technical reports, quantifying the emissions reduced or avoided, and submitting the results for review and verification by the competent and accredited entities. This will pave the way for the approval of the results and the issuance of carbon credits and certificates, subject to the fulfilment of all applicable requirements. Should such carbon credits and certificates be issued in the future, the Company may market and sell them in carbon markets to entities seeking to offset a portion of their emissions. These may include companies operating in the energy, aviation, petrochemicals, cement, mining, and heavy industries sectors, in addition to companies with sustainability and carbon-footprint reduction targets. The Company emphasizes that registration at this stage does not constitute the issuance of carbon credits or the realization of any immediate financial returns. Rather, it represents the first strategic step within a technical and regulatory process that may enable the Company to issue and sell carbon credits in the future, following the completion of the reporting, validation, verification, and approval stages. The Company further confirms its commitment to announcing any subsequent material developments relating to this process, including any developments associated with the issuance of carbon credits or certificates, or any related financial impact, in due course and in accordance with the applicable laws, regulations, and instructions. |
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