51 Days
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الحقيقة الدولية
Hormuz Strait closure boosts Cairo recycling
The Mansheyat Nasser area in Cairo is experiencing a significant surge in demand for recycled plastic materials, as a result of the closure of the Strait of Hormuz amidst the global context of the war between Iran, the United States, and Israel. This closure has caused disruptions in the oil and raw material markets, prompting factories to increasingly rely on local sources of recycled plastic. Consequently, demand has risen by up to 200%, and the prices of some types of recycled plastic have increased by as much as 60%. This temporary revival in the recycling market reflects factories' dependence on local resources to cope with the worldwide supply shortages, but industry workers anticipate that this spike will fade once supply routes stabilize again.
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