SABIC has signed a Memorandum of Understanding (MoU) with Pashupati Group as part of plans to develop local recycling opportunities in India and expand the former’s global network of recycling partners.
As part of the MoU, both companies will share best practices and exchange knowledge in the various processes of used plastics material, including developing methods and to add value in processing using virgin polyolefin and recycled polyolefin.
Pashupati Group recycles plastics waste and supplies products including polyolefin pellets and recycled packaging bags, with operations in north, west and southern parts of India.
Sanjay Mishra, general manager of engineering thermoplastics & performance polymers at 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.”
The agreement also provides for an advanced recycling project to convert used plastics into pyrolysis oil, which SABIC will then be able to use in the production of certified circular polymers with the same performance properties as virgin plastics.
This MoU follows SABIC’s 2021 collaboration with Malaysia-based plastics recycling company HHI, to create polymers from recovered ocean bound and ocean plastics.
