Borouge, a joint venture between the United Arab Emirates oil company Adnoc and Austria’s Borealis, signed a memorandum of understanding with Pashupati Group, an India-based mechanical and chemical recycler of PET.
Pashupati Group operates waste management services under the Extended Producer Responsibility (EPR) legislation for plastics introduced in India in 2016. The company uses its Waste Circularity mobile app to collect plastic waste in challenging terrains, including mountains and coastal areas, in addition to serving urban and rural settings. It collects 12 million PET bottles and 2 million polyolefin bottles a day.
Through the new partnership, the two companies will collaborate on the development of collection, sorting, and recycling solutions, they said without revealing more details.
“This partnership is a testament to Pashupati's vision and relentless effort to contribute to a circular economy and create sustainable materials on par with prime materials,” the company said in a statement, “Our strong commitment to sustainability is a guiding factor in developing innovative solutions to reduce plastic waste and promote circularity.”
The announcement follows another partnership between Borouge and Abu Dhabi’s waste management centre in early October.