SABIC and Pashupati Group have partnered to tap plastic waste recycling opportunities in India. The partnership will also enable SABIC to expand its global network of qualified recycling partners in the country.
According to an MoU, both companies will share best practices and exchange knowledge in the processes of used plastic material. These include developing methods and adding value in processing using virgin and recycled polyolefin.
The agreement also provides an advanced plastic waste recycling project to convert used plastic into pyrolysis oil. SABIC will use the oil to produce certified circular polymers with the same performance properties as virgin plastics.
This collaboration follows SABIC’s 2021 collaboration with Malaysia-based plastic recycling company HHI, which created polymers from recovered ocean-bound and ocean plastics.
Sanjay Mishra, General Manager, Engineering Thermoplastics & Performance Polymers, SABIC, said, “This is a crucial first step in our efforts to support and accelerate the transformation of India’s plastics economy towards circularity. At the same time, it expands our collaboration with experienced local recyclers in Asia as we are continuously sourcing valuable feedstock to meet the growing demand for our TRUCIRCLE portfolio of recycled, circular polymers.”
Bankey Goenka, Managing Director, Pashupati Group, said, “This MOU is a testament to the commitment of both SABIC and Pashupati Group towards the circular economy and contributing to the conservation of our planet.”
