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Reliance Industries announces expansion of its PET recycling capacity

August 10/2021

MOSCOW (MRC) -- Indian refining giant Reliance Industries (RIL) is doubling its polyethylene terephthalate (PET) recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh, according to The Hindu.

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 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.

As MRC reported earlier, in June 2021, Reliance Industries signed an agreement with Abu Dhabi National Oil Co (ADNOC) to build a multi-billion-dollar chemical project in Ruwais, marking the groups first investment in a greenfield overseas project. Reliance, which operates the the worlds biggest refining complex at Jamnagar in western India, is becoming more international in its focus. Previously, it has bought stakes in some overseas explorations and manufacturing assets.

According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 411,200 tonnes in the first six month of 2021, up by 12% year on year. Russian companies processed 62,910 tonnes in June, compared to 85,890 tonnes a month earlier.

Reliance Industries is one of the world's largest producers of polymers. Thus, the company produces among others polypropylene, polyethylene and polyvinyl chloride.


mrcplast.com
Author:Margaret Volkova
Tags:polyether, PET-granulate, terephthalic acid, fibers/filaments, recikling, packaging, PET bottles, Reliance Industries, India.
Category:General News
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