Mumbai : Reliance Industries Limited (RIL) 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 circular economy, enhance its sustainability quotient and bolster the entire polyester and polymer value chain.
As a part of this endeavour, Srichakra Ecotex India Pvt. Ltd. will build and operate exclusively for RIL the new recycled PSF – Recron GreenGold and PET flakes wash-line in Andhra Pradesh.
RIL’s initiative to more than double its recycling capacity to 5 billion post-consumer PET
bottles will ensure India maintains over 90% recycling rate. RIL is focusing on sustaining
India’s post-consumer PET recycling rate which is currently the highest in the world.
RIL will empower entrepreneurs to divert post-consumer used packaging from landfills,
setup recycling facilities and create wealth from 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 Programme and Circular Design Challenge to inculcate circularity and sustainability concepts in polymer, textile and fashion industries.
Commenting on the development, Mr. Vipul Shah, COO – Petrochemicals Business, RIL,
said, “The expansion of PET Recycling capacity is part of Mr 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 development of entire value chain and it shares expertise and technical knowhow with the entrepreneurs to produce top quality products at lowest possible costs. RIL has underwritten the entire production from Srichakra’s facility to provide support for
development of the business.”
RIL currently recycles PET bottles at its Barabanki, Hoshiarpur and Nagothane plants. The
post-consumer PET bottles are used as a raw material for manufacturing re-cycled polyester fiber. The fibers manufactured through this process are branded as Recron
GreenGold and RIL through its Hub Excellence Partners (HEP) manufactures R | Elan GreenGold fabrics, one of the greenest fabrics in the world.