Pashupati Group and SABIC forge partnership to propel recycling innovations in India
In an endeavor to redefine the recycling landscape in India, Pashupati Group, a vanguard in plastic waste recycling, has announced a landmark collaboration with the global chemical industry giant, SABIC. This partnership, formalized through a non-exclusive Memorandum of Understanding (MoU), marks a significant step forward in combining efforts to enhance recycling initiatives and extend SABIC’s prestigious global network of recycling partners.
Rooted deeply in India’s North-West and Southern regions, Pashupati Group’s proficiency in crafting high-quality polyolefin pellets and recycled packaging bags dovetails with SABIC’s dedication to fostering sustainable practices. This strategic alliance aims to harness both entities’ expertise to refine recycling processes, develop innovative products utilizing both virgin and recycled polyolefin, and supply SABIC with eco-friendly packaging solutions, heralding a new era in recycling efficiency and product innovation in India.
The partnership also paves the way for the advancement of an innovative project focusing on converting used plastics into pyrolysis oil. This cutting-edge venture is poised to allow SABIC to generate certified circular polymers, which boast the same performance properties as virgin plastics, thereby promoting sustainability within the industry.
Emphasizing a commitment to sustainable waste management, Pashupati Group has been at the forefront of integrating advanced technology into its operations, particularly in Extended Producer Responsibility (EPR). Their adoption of a comprehensive 360° Traceability system and a state-of-the-art Waste Circularity Mobile App exemplifies their dedication to transparency and efficiency, enhancing the accountability of the recycling process.
Mr. Bankey Goenka, Managing Director at Pashupati Group, articulated the mission-driven nature of the collaboration, stating, “Recycling is our mission at Pashupati, addressing the urgent need to tackle the world’s complex environmental challenges, especially in plastic waste management. Our collaboration with SABIC underscores our shared vision for environmental stewardship and circular economy principles.”
This collaboration between Pashupati Group and SABIC is a beacon for India’s shift towards a circular plastics economy, spotlighting the critical role of innovative and sustainable packaging solutions. It signifies a pivotal moment for Pashupati Group, enhancing its global presence through partnership with an esteemed industry leader such as SABIC. Together, they stand as formidable forces in the pursuit of a greener future, emphasizing the importance of innovation and sustainability in the global recycling and sustainable solutions landscape.
This partnership between Pashupati Group and SABIC is a testament to the growing emphasis on sustainability and recycling within the chemical industry. By combining Pashupati’s advanced recycling techniques with SABIC’s global marketing and sales prowess, this alliance not only aims to revolutionize the recycling sector in India but also sets a precedent for global efforts towards achieving a circular economy. The initiative to produce certified circular polymers is particularly noteworthy, representing a significant leap towards reducing the environmental footprint of plastics and advancing sustainable development goals.