Mumbai: ReSustainability and Recycling Private Limited (ReSRPL) and Aarti Circularity Limited (ACL) have tied up in a transformative +first of its kind+ in India Joint-Venture Company (JVCo) highlighting development of Plastic Materials Recycling Facilities (PMRFs) across India.
Re Sustainability and Recycling Private Limited (ReSRPL) is a Re Sustainability Company (ReSL), while ACL is a wholly owned subsidiary of Aarti Industries Limited (AIL), a prominent player in speciality chemicals.
Masood Mallick, Managing Director & CEO of Re Sustainability, said that the PMRFs, while aiming to revolutionise plastic resource recovery and sustainable resource management practices, will focus on segregating, extracting and recycling resources from diverse waste streams, including plastics, to produce Advanced Circular Materials (ACM).
Noting that these ACMs can be utilised as raw materials, fuels, or recycled polymer feedstock, he said that the tieup is committed to achieving a minimum resource recovery capacity of approx. 500 tons per day by 2030 and exploring various feedstocks, including those from ReSL’s core operations, to maximise material and energy circularity.
The first Plastic Materials Recycling Facility under this partnership will be established in Hyderabad, Telangana, and will pave the way for advanced recycling infrastructure in the region, he said, adding that the JVCo will evaluate and engage leading technology partners to develop and operate state-of-the-art PMRFs, thus setting new benchmarks in India’s recycling and waste management sectors.
Replying to questions, Mallick said “Our vision focuses on 360 degrees recycling of waste and also sustainably producing 8 Megawatts of power for sale to users.”
Mirik Gogri, Director, Aarti Circularity Limited, described the tieup between ACL and ReSRL as a “pathbreaking development” building on synergies and competencies of two leading companies to address pressing environmental challenges by combining innovation with sustainability.
“Through this joint venture, we aim to revolutionize plastic recycling in India and beyond, aligning with ACL’s broader mission to foster a circular economy, minimize waste generation, reduce reliance on virgin resources, and mitigate environmental impact,” he added.
