Page 55 - Plastics News April 2024

BUSINESS NEWS

Pashupati and Recykal to boost channelization of PCR-recycled resin
supply

ashupati Group, a 45-year giant materials like PCR resins, PET flakes, compliance to manufacture products
Pin manufacturing sustainable re- fiber and yarn, catering to the needs and packaging for their environmen-
cycled resins, has joined forces with of brands, recyclers, and producers of tally conscious consumer. This col-
Recykal, a managed marketplace for different industries. Through strategic laboration will enable speed at which
post-consumer recycled resin (PCR). partnerships, serving as a sales and material connectivity be established
The collaboration reinforces the marketing ally for recyclers with the to meet the obligation of PWM regu-
shared commitment of both organi- right processes and capacity, Recykal lations that have mandated the use of
zations to boost the channelization aims to amplify its impact in circular- Post-Consumer Recycled resins in the
of PCR Resins to meet the increasing ity. Recykal advances its commitment packaging.
demand of brands and manufacturers. to channelize materials to increasing Bankey Bihari Goenka, managing di-
The partnership represents a pivotal market demand. rector at Pashupati Group, said, “At
advancement in championing closed- This alliance is a step to further the Pashupati Group, we are dedicated to
loop production systems and curbing shared vision of both organizations fostering a greener future through our
the environmental footprint of manu- – to create a sustainable circular sustainable practices. This collabora-
facturing operations.
economy ecosystem that has a long- tion allows to accelerate the supply
Pashupati Group has been at the helm lasting positive impact on the planet. of regular and consistent quality post-
of creating sustainable solutions by Recykal’s innovative platform, Re- consumer recycled resin complying
recycling plastics, including PET, and cykal8, is set to revolutionize Pashu- with International Quality Standards.
Polyolefin. Pashupati Group has four pati Group’s approach to channelize Together, we look forward to making
recycling facilities, two packaging fa- sustainable materials by establishing a significant strides towards environ-
cilities across India with a total of key link with brands and manufactur- mental stewardship and circularity.”
300,000 tonnes processing capacity, ers. Through this partnership, Pashu- Recykal’s founder and CEO, Abhay
preventing 10 million PET bottles and pati Group will leverage Recykal8’s Deshpande, said, “We are delighted
2 million of polyolefin bottles every advanced marketplace to access high- to join forces with Pashupati Group,
day from going to landfills or water quality PCR materials, aligning with a trailblazer in sustainable manufac-
bodies. their goal of promoting eco-friendly turing. By leveraging Recykal8’s capa-
and responsible manufacturing pro-
Recykal, a leading cleantech startup, bilities, we aim to facilitate a seamless
operates a tech-driven marketplace cesses. flow of recycled materials, driving
streamlining post-consumer waste Brands that want to introduce their market sustainability and supporting
for brand owners and recyclers. Re- sustainable products and use recy- Pashupati Group’s vision for a more
cykal has launched a sophisticated cled packaging can source the PCR eco-conscious industry.”
Recykal8, a B2B marketplace that from Pashupati Group on a large scale Source: The Packman
channels post-consumer recycled without compromising on quality and

AIMPLAS supported 1,500 companies in transition to circular
economy

he circular economy continues to reviewing the processes, services and its range of projects, services and
Tbe the most important challenge products of the entire value chain and training to help the business commu-
currently facing the plastics sector. avoiding greenwashing. nity. Specifically, throughout 2023, the
Companies are in the process of con- To support this transition, AIMPLAS, Centre worked with more than 1,500
verting to a more sustainable business the Plastics Technology Centre, has a companies on actions related to the
model in terms of both the economy long history of promoting circularity circular economy.
and the environment and this involves
and each year it continues to increase The main lines of work in 2023 in

PLASTICS NEWS 57
April 2024