Mumbai, Deluxe Recycling on Wednesday announced the inauguration of its new facility in Gujarat, following its plan to recycle over 2,00,000 tonnes of used beverage cartons (UBC) and multilayer plastics by 2030.
The new recycling plant in Sarigam (Gujarat) will double the company's recycling capacity at both locations to 27,400 tonnes per annum (TPA), Deluxe Recycling said in a statement.
The company currently supplies 90 percent recycled seat boards to the automotive industry.
Generally considered to have no value and very difficult to recycle, multi-layer plastic (MLP) waste is one of the most polluting forms of plastic packaging.
Deluxe cited a report saying that India alone generates around 9.4 million tonnes of plastic waste annually, of which only 50 per cent is collected.The recycling firm said it has developed a scalable ecosystem for the collection of MLP by working with and paying a network of aggregators and small material recovery facilities (MRFs) to collect and sort the waste.
The company then uses in-house developed technology to manufacture a variety of high-demand heavy and rigid products, the company said.
"Deluxe Recycling is undertaking strategic expansion with the opening of a new recycling plant in Sarigam, Gujarat. With this new facility, the company is set to double its recycling capacity from 13,000 TPA to 27,400 TPA across the two locations – increasing its Position will be strengthened as one of the largest MLP recyclers in South Asia,” the city-based company said.Jignesh Shah, MD, Deluxe Recycling Pvt Ltd, said, “This facility marks a significant advancement for us towards developing sustainable solutions for the collection, management and recycling of multi-layered plastic (MLP), leading to impactful environmental progress in India Has been."
Funding from circular economy investment management firm Circulate Capital, which manages the largest recycling portfolio in Asia, helped the company expand, Deluxe said, adding that the capital investment was instrumental in setting up new facilities in Sarigam, Gujarat and Bengaluru Is.
Although the company did not disclose the investment made in the new facility, a source said the amount could be around Rs 50 crore.
The new recycling plant in Sarigam (Gujarat) will double the company's recycling capacity at both locations to 27,400 tonnes per annum (TPA), Deluxe Recycling said in a statement.
The company currently supplies 90 percent recycled seat boards to the automotive industry.
Generally considered to have no value and very difficult to recycle, multi-layer plastic (MLP) waste is one of the most polluting forms of plastic packaging.
Deluxe cited a report saying that India alone generates around 9.4 million tonnes of plastic waste annually, of which only 50 per cent is collected.The recycling firm said it has developed a scalable ecosystem for the collection of MLP by working with and paying a network of aggregators and small material recovery facilities (MRFs) to collect and sort the waste.
The company then uses in-house developed technology to manufacture a variety of high-demand heavy and rigid products, the company said.
"Deluxe Recycling is undertaking strategic expansion with the opening of a new recycling plant in Sarigam, Gujarat. With this new facility, the company is set to double its recycling capacity from 13,000 TPA to 27,400 TPA across the two locations – increasing its Position will be strengthened as one of the largest MLP recyclers in South Asia,” the city-based company said.Jignesh Shah, MD, Deluxe Recycling Pvt Ltd, said, “This facility marks a significant advancement for us towards developing sustainable solutions for the collection, management and recycling of multi-layered plastic (MLP), leading to impactful environmental progress in India Has been."
Funding from circular economy investment management firm Circulate Capital, which manages the largest recycling portfolio in Asia, helped the company expand, Deluxe said, adding that the capital investment was instrumental in setting up new facilities in Sarigam, Gujarat and Bengaluru Is.
Although the company did not disclose the investment made in the new facility, a source said the amount could be around Rs 50 crore.
