Aarti Industries’ wholly owned subsidiary -- Aarti Circularity (ACL) and Re Sustainability and Recycling (ReSRL) have joined hands to establish a transformative first of its kind in India Joint Venture Company (JV Co) for driving the development of Plastic Materials Recycling Facilities (PMRFs) across India, aiming to revolutionise plastic resource recovery and sustainable resource management practices.
The PMRFs will focus on segregating, extracting and recycling resources from diverse waste streams, including plastics, to produce Advanced Circular Materials (ACM) that can be utilised as raw materials, fuels or recycled polymer feedstock.
The partnership is committed to achieving a minimum resource recovery capacity of around 500 tons per day indicative by 2030 and exploring various feedstocks, including those from ReSL’s core operations, to maximize material and energy circularity.
The first plastic materials recycling facility under this partnership will be established in Hyderabad, Telangana. This strategic partnership underscores a shared commitment to sustainability and technology innovation.
Aarti Industries is engaged in manufacturing and dealing in speciality chemicals and pharmaceuticals.
Company Name | CMP |
---|---|
Tata Chemicals | 845.20 |
SRF | 2776.20 |
Pidilite Inds. | 2794.10 |
Aarti Inds | 412.60 |
Atul | 5496.65 |
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