Srichakra starts food-grade plastic recycling unit
Hyderabad: Srichakra Polyplast (Srichakra), a leading plastic recycling and waste management company, on Tuesday announced the commissioning of its facility to produce food-grade recycled polyethylene terephthalate (PET) pellets. The company has also commissioned its new polyolefins recycling facility that can produce deodorised bottle-to-bottle grade quality polyolefin pellets.
The company has invested more than $10 million to strengthen its recycling capabilities, which allow it to offer the highest grade of recycled plastic to customers in India and global markets such as Europe and the United States.
The first of its kind world-class facility features US Food and Drug Administration approved technology provided by Starlinger, a leading technology provider for high quality plastic recycling, which expands the company's capacity to become the largest solid state polymerised (SSP) PET processor in India.
Ravindra Venkata, CEO and Co-founder, Srichakra, said: "Our approach at Srichakra is focused on using leading-edge technology to create reliable, high-quality materials that help brand-owners reduce their use of virgin plastic. The new, world-class technology that we have commissioned for operation today not only enables us to produce food-grade recycled plastic for customers, but also gives locally sourced plastic a new life, preventing it from entering the environment."
According to the United Nations Development Programme India, the country generates about 15 million tonnes of plastic waste every year but only one fourth is recycled. While more than 10 per cent of this plastic waste is PET and up to 90 per cent is recycled, the recycled material is generally not high quality, resulting in low levels of circularity. Food-grade recycled plastic is close to virgin plastic in quality, allowing Srichakra to overcome one of the barriers to the development of the circular economy in India and positively impact the recycling value chain.
Paul Niedl, Commercial Head, Starlinger recycling technology, said: "With the new Starlinger PET bottle-to-bottle recycling line with SSP treatment, Srichakra has expanded its scope of products into the important field of food-grade PET. With these high-quality products the company will set new standards for the Indian plastics recycling industry.