Re Sustainability and Recycling Private Limited, Asia’s largest integrated waste management company, and Aarti Circularity Limited, a manufacturer of speciality chemicals, have formed a joint venture to develop plastics recycling in India.
The companies aim to build Plastic Materials Recycling Facilities (PMRFs) across India. To start off, they are investing INR 1 billion (€ 11.1 million) to build the first facility in Hyderabad, the capital of southern India's Telangana state. It is expected to start operations in the next 15 to 18 months.
The plants will focus on segregating, extracting, and recycling resources from diverse waste streams, including plastics. In addition to feedstock for plastics recycling, the facilities are expected to output raw materials for chemical production and fuels.
The partnership is committed to achieving a minimum resource recovery capacity of approximately 500 tons per day by 2030.
“The partnership combines our waste management and resource recovery expertise with the rich legacy of Aarti Industries and its 40 years of expertise in speciality chemical manufacturing, enabling us to build cutting-edge infrastructure that addresses critical waste challenges,” said Masood Mallick, Managing Director & CEO of Re Sustainability. “By leveraging advanced technologies and sustainable practices, we aim to create a robust framework that minimises environmental impact and fosters economic growth through resource efficiency and circularity. Together, we will set a benchmark for sustainable development in India and beyond.”
Re Sustainability currently collects 9 million tonnes of waste per year and recycles 900,000 tonnes of plastic waste across its plants throughout the country.
In October 2023, it signed a feedstock agreement with India-based chemical recycler PolyCycl.