Page 13 - Plastics News July 2021

COMPANY NEWS

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Styrene Project worth 4,495 crore fully recycled plastic

he IndianOil Board has he British branch of The Coca-Cola Company has
Taccorded "Stage - 1" approval Tannounced plans to use fully recycled plastic
content for all its ‘on-the-go’ bottles. The move, made
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first-ever "Styrene Monomer LQ SDUWQHUVKLS ZLWK &RFD &ROD (XURSDFLÀF 3DUWQHUV ZLOO
Project" with a capacity of 387 cover the beverage company’s entire brand portfolio.
thousand metric tonnes per All Coca-Cola plastic bottles of 500ml or less sold in the
annum (TMTPA) at an estimated 8. ZLOO QRZ FRQWDLQ IXOO\ UHF\FOHG SODVWLF FRQWHQW 7KH
cost of Rs 4,495 crore, at ERWWOHV SUHYLRXVO\ XVHG UHF\FOHG SODVWLF FRQWHQW
,QGLDQ2LO V 3DQLSDW 5HÀQHU\ 7KH ÀUVW IXOO\ UHF\FOHG ERWWOHV DUH GXH WR UHDFK VWRUH
Petrochemical Complex. This shelves by September. By using recycled plastics,
SURMHFW ZLOO VWUHQJWKHQ ,QGLD V Coca-Cola is expected to save 29,000t of virgin plastic
focus to harness opportunities in the petrochemical sector a year. Coca-Cola Great Britain general manager Jon
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Bharat" mission. The project would be commissioned by step towards our ambition to remove all non-recycled
2026-27. Availability of Styrene domestically is expected plastic from our bottles, [as well as] our global aim to
to accelerate the growth of downstream industry and help collect and recycle a bottle or can for each one
create employment opportunities. The proposed Styrene that we sell by 2025. “But there is still more that we as
Project will address this issue to a great extent and an industry can do in order to increase the availability
UHGXFH QDWLRQ V LPSRUW GHSHQGHQFH VXEVWDQWLDOO\ 7KXV of food-grade recycled plastic available locally in [the
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500 million) per annum is likely to be generated. well-designed Deposit Return Scheme to ensure we
collect more bottles and are able to produce more high-
Earlier in February 2021, the IndianOil Board approved the
quality recycled plastic that can be converted into new
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from the existing 15 MMTPA to 25 MMTPA with a CAPEX of
Rs 32946 Crore. As part of the Expansion Project, a new
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0073$ FDSDFLW\ EDVHG RQ ,QGLDQ2LO V ÁDJVKLS ,1'0$;
technology, would be set up to maximize LPG production
and manufacture basic petrochemical building blocks -
Propylene and Ethylene. There is a Propylene potential
of around 514 KTA of in the project, which would be
utilized for the production of Polypropylene (PP) through
a new PP unit. The Styrene Project aims to utilize the
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Benzene that is already being produced at the Panipat ERWWOHV µ 8. (QYLURQPHQW 0LQLVWHU 5HEHFFD 3RZ VDLG
“I am delighted to see Coca-Cola Great Britain taking
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around 900 TMTPA, and the demand is expected to WKLV VLJQLÀFDQW VWHS WR HQVXUH LWV RQ WKH JR ERWWOHV DUH
increase consistently over the next 15-20 years. SM is made from fully recycled plastic “Bold measures of this
used to produce plastic and resins such as polystyrene, nature from industry will play a huge role in helping
acrylonitrile butadiene styrene, unsaturated polyester XV WR DFKLHYH WKLV DPELWLRQ µ 7KH &RFD &ROD &RPSDQ\
resins, synthetics rubbers, with it also used in painting is also shifting to cardboard packaging across all its
and coating applications. multipacks from the existing plastic shrink wrap.

13 July 2021 Plastics News