Pashupati Group – a Uttarakhand-headquartered company that deals in a wide range of products ranging from recycled stuff to packaging, masterbatches, and FIBC bags – has announced the signing of a memorandum of understanding with Borouge, a leading Abu Dhabi-based petrochemical company providing polyolefin solutions for packaging.
According to Pashupati Group, the collaboration aims to create a synergy between the two companies by bringing together their individual expertise in developing innovative solutions in collection, sorting and recycling as well as developing new sustainable materials for a better future.
“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. Our strong commitment to sustainability is a guiding factor in developing innovative solutions to reduce plastic waste and promote circularity,” Pashupati Group said in a release.
Harnessing the collective wisdom and expertise of Pashupati and Borouge will help not only to anticipate the future but also to proactively create and lead it, it said.