Reliance Industries to double its PET recycling capacity

To set up a facility in Andhra Pradesh

104
Reliance Industries to double its PET recycling capacity
PET bottle waste (Photo: plasticfoundation.org)

Reliance Industries Limited (RIL), India’s largest private sector company, is doubling its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh. 

The move is part of RIL’s commitment to lead the industry on a circular economy, enhance its sustainability quotient and bolster the entire polyester and polymer value chain. As a part of this endeavor, Srichakra Ecotex India will build and operate exclusively for RIL, the new recycled PSF – Recron GreenGold and PET flakes wash-line in Andhra Pradesh. 

Reliance Industries approach towards sustainability

RIL’s initiative to more than double its recycling capacity to 5 billion post-consumer PET bottles will ensure India maintains over a 90% recycling rate. It focuses on sustaining India’sIndia’s post-consumer PET recycling rate, which is currently the highest in the world. The company will empower entrepreneurs to divert post-consumer used packaging from landfills, set up recycling facilities, and create wealth from the waste throughout the country. 

RIL is driving various initiatives such as Fashion for Earth in partnership with Lakmé Fashion Week and the United Nations in India, Hub Excellence Program, and Circular Design Challenge to inculcate circularity and sustainability concepts in polymer, textile, and fashion industries. 

Commenting on the development, Vipul Shah, COO – petrochemicals business, RIL, said, “The expansion of PET Recycling capacity is part of Mukesh Ambani’s vision to transform our legacy business into sustainable, circular and net-zero carbon materials business and support the entrepreneurs to take risk throughout the value chain. RIL is committed to developing the entire value chain, and it shares expertise and technical know-how with entrepreneurs to produce top-quality products at the lowest possible costs. RIL has underwritten the entire production from Srichakra’s facility to support the development of the business.”

While expressing pleasure in partnering with Reliance Industries, Srinivas Mikkilineni, director – Srichakra Ecotex, said, “The agreement with RIL provides an excellent opportunity for Srichakra to expand its footprint into the recycled polyester staple fiber market. The alliance will propel Srichakra’s commitment to reduce plastic pollution and facilitate both organizations to advance India’s circular economy for plastic waste. RIL’s industry expertise, technical knowledge, and business assurances will allow Srichakra to research, innovate and develop high-quality and sustainable products for RIL’s GreenGold portfolio.”

RIL currently recycled PET bottles at its Barabanki, Hoshiarpur, and Nagothane plants. The post-consumer PET bottles are used as a raw material for manufacturing recycled polyester fiber. The fibers manufactured through this process are branded as Recron GreenGold, and RIL, through its Hub Excellence Partners (HEP) (selected downstream mills), manufactures R | Elan GreenGold fabrics, one of the greenest fabrics in the world. 

At present, Reliance Industries converts more than 2 billion post-consumer PET bottles into fibers annually. With the addition of Srichakra capacity, RIL will be instrumental in converting about 5 billion used PET bottles into value-added fibers.

 

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here