Page 29 - Plastics News - January 2024

AIPMA AT WORK
ENVIRONMENT NEWS

In a released statement, Reliance highlighted that this innovative feat underlines the company's dedication to fostering a
Circular Economy. The commitment to sustainability is further showcased through Reliance's adoption of cutting-edge
methods like chemical recycling, which not only addresses environmental concerns but also serves as an inspiration for
others to join in the collective effort towards a greener future.
The CircuRepol and CircuRelene polymers have been strategically designed to lead the way in circular economy practices,
reflecting Reliance's leadership and vision in promoting environmentally responsible solutions. Notably, Reliance's
Jamnagar refinery has earned the distinction of being the first refinery to attain the critical ISCC-Plus certification,
underscoring its capability to produce circular polymers through the process of chemical recycling.

The ISCC-Plus certification is a significant validation, ensuring that stringent traceability and established rules are adhered
to during the production of circular polymers. By obtaining this certification, Reliance reaffirms its commitment to
maintaining transparency and accountability in its sustainable practices.

Reliance has spearheaded the development of innovative technology capable of transforming various types of plastic
waste, including single-use and multi-layered plastics, into valuable pyrolysis oil. This marks a pivotal step forward in the
quest for effective plastic waste management. The company is actively collaborating with trusted partners to scale up
the production of pyrolysis oil and convert the output into Circular Polymers.

Chemical recycling, as employed by Reliance, offers numerous benefits, including the transformation of plastic waste
into high-quality materials suitable for the production of new plastic. Notably, these materials can find application in
packaging, especially in scenarios where the packaging comes into direct contact with food items, demonstrating the
versatility and sustainability of the approach.
Reliance Industries, as India's largest private sector company, boasts a consolidated revenue of Rs 974,864 crore (USD
118.6 billion), a cash profit of Rs 125,951 crore (USD 15.3 billion), and a net profit of Rs 73,670 crore (USD 9.0
billion) for the fiscal year ending March 31, 2023. The company's extensive activities span hydrocarbon exploration
and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables
(solar and hydrogen), retail, and digital services. Reliance's multi-faceted approach positions it as a key player in India's
sustainable development landscape.

PLASTICS NEWS 2929
January 2024 PLASTICS NEWS