Page 53 - Plastics News April 2024

BUSINESS NEWS

Sabic, Pashupati Group exploring recycling opportunities in India

ing Director at whilst Sabic will focus on the market-
Pashupati Group. On the right, Ja- ing and sales of recycled products.
nardhanan “This is a crucial first step in our ef-
Ramanujalu, Vice President South Asia forts to support and accelerate the
at Sabic transformation of India’s plastics econ-
Pashupati operates waste manage- omy towards circularity,” said Sanjay
ment services under the Extended Mishra, general manager, engineering
Producer Responsibility (EPR) legis- thermoplastics & performance poly-
lation for plastics introduced in India mers at Sabic. “At the same time, it
he companies will evaluate the in 2016. The company uses its Waste expands our collaboration with ex-
Tpotential development of a py- Circularity mobile app to collect plas- perienced local recyclers in Asia as
rolysis plant in India tic waste in challenging terrains, in- we are continuously sourcing valu-
Saudi chemical manufacturer Sabic cluding mountains and coastal areas, able feedstock to meet the growing
signed a memorandum of under- in addition to serving urban and ru- demand for our Trucircle portfolio of
standing with Pashupati Group, an ral settings. It collects 12 million PET recycled, circular polymers.”
India-based mechanical and chemical bottles and 2 million polyolefin bottles Sabic has committed to producing 1
recycler of PET and polyolefins. a day. million tonnes of circular materials by
The companies will explore, evaluate, Through the new partnership, Sabic 2030. At the World Economic Forum
and develop local business opportu- and Pashupati will share best practices 2023 Meeting in Davos, it revealed
nities for recycling waste plastics in and exchange knowledge about plas- that it is exploring a new world-scale
India, including the potential develop- tic recycling processes, including the commercial chemical recycling invest-
ment of a pyrolysis plant to provide mixing of virgin and recycled polyole- ment. This new plant would poten-
Sabic with feedstock for its circular fins in manufacturing new products. tially have a capacity of around 200
polymers. Pashupati will contribute its expertise kilotons of per year.
On the left, Bankey Goenka, Manag- in mechanical and chemical recycling, Source: Sustainable Plastics

AIMPLAS supports companies in transition to the circular economy

he Plastics Technology Centre The circular economy continues to incorporation of bio-based, recy-
Tcontinued to increase its activ- be the most important challenge cur- cled, recyclable, biodegradable and
ity on the circular economy. In 2023, rently facing the plastics sector. Com- compostable materials; the develop-
AIMPLAS presented 206 projects panies are in the process of convert- ment of new business models based
on the subject, provided more than ing to a more sustainable business on repair and reuse; improvements
1,100 technological services to com- model in terms of both the economy in waste collection, management and
panies and participated in 76 training and the environment and this involves separation systems; optimisation of
and conference activities. reviewing the processes, services and mechanical, chemical and enzymatic
products of the entire value chain and recycling processes to obtain qual-
This redoubled activity went hand in
hand with an increase in people and avoiding greenwashing. ity materials for use in high value-
facilities carried out based on environ- Throughout 2023, AIMPLAS worked added applications; obtaining plastics
mental sustainability criteria in con- with more than 1,500 companies on from agri-food waste; and recovery
junction with an emissions reduction actions related to the circular econo- through biodegradation and compost-
plan that enabled the Centre to obtain my. ing processes.
the REDUZCO seal from the relevant The main lines of work in 2023 in Specifically, in the area of R&D pro-
Spanish Ministry. terms of R&D were ecodesign; the jects, a total of 206 projects related

PLASTICS NEWS 55
April 2024