Reliance Industries (RIL) is planning to double its capacity to recycle plastic bottles after a third-party recycled polyester staple fibre (PSF) manufacturing facility is set up in Andhra Pradesh. The move is part of its 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. This will help RIL to more than double its recycling capacity to 5 billion post-consumer PET bottles and ensure India maintains over 90 per cent recycling rate.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
Company Name | CMP |
---|---|
Reliance Industries | 2900.60 |
Indian Oil Corp. | 168.75 |
BPCL | 593.15 |
HPCL | 487.20 |
MRPL | 248.55 |
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