Page 31 - Plastics News December 2025
P. 31
COMPANY NEWS
more than 500 startups pioneering advance- cause of Corporate Social Responsibility near
ments at the frontiers of technology. its operations and beyond, in areas of special
needs. PRIF aims to drive sustainable solutions
ABOUT PERNOD RICARD INDIA FOUNDATION
to address social, economic & environmental
Pernod Ricard India Foundation (PRIF), a Section sustainability while partnering in India’s develop-
8 Company incorporated under the Companies ment initiatives.
Act, 2013 (“Act”), is a wholly owned subsidiary Source - https://www.iitk.ac.in
of PRI, formed to fulfill its commitment to the
BLACK GOLD RECYCLING ACQUIRES MAJORITY STAKE IN RETECK
ENVIROTECH TO STRENGTHEN INDIA’S CIRCULAR ECONOMY ECOSYSTEM
cycling capabilities across lithium-ion batteries,
plastics, solar panels, and end-of-life electronics.
As part of the deal, Mr. Pankaj Tirmanwar, CEO
of Reteck Envirotech Pvt. Ltd., will join Black
Gold Recycling as Co-founder and Board Mem-
ber, contributing to the company’s efforts to
strengthen its nationwide footprint.
Speaking on the acquisition, Prabhu Ram,
Founder & CEO of Black Gold Recycling, said:
“Our mission is to make sustainability scalable —
lack Gold Recycling, a Hyderabad-based by design, not by chance. This acquisition brings
circular economy startup, has acquired a together Reteck’s global operational expertise
Bmajority stake in Reteck Envirotech Pvt. and our technology-led recovery platform to
Ltd., the Indian subsidiary of Hong Kong and US– create a stronger, more responsible ecosystem
based Li Tong Group (LTG), a global leader in re- for e-waste management in India.”
verse supply chain management and electronics
lifecycle solutions. “The business of Black Gold is deeply aligned
with the Critical Mineral Mission Plan of the Gov-
The acquisition marks a strategic step in Black ernment of India, as we focus on recovering
Gold’s mission to build a technology-driven and strategic materials from e-waste, batteries, and
scalable circular economy platform in India. By solar panels — ensuring that what leaves our
integrating Reteck’s operational expertise with hands re-enters the economy responsibly. We’re
Black Gold’s innovation-led recovery models, investing in advanced processes for lithium-ion
the company aims to expand its sustainable re- battery, plastic, and solar panel recycling, turn-
December 2025 PLASTICS NEWS 31
