Hyderabad, April 1, 2024: Sustainable recycled resins manufacturer Pashupati Group has joined forces with managed marketplace Recykal boost the channelization of post-consumer recycled (PCR) resins to meet the increasing demand of brands and manufacturers and curbing the environmental footprint of manufacturing operations.
Bankey Bihari Goenka, Managing Director at Pashupati Group, expressed enthusiasm about the partnership, stating, "At Pashupati Group, we are dedicated to fostering a greener future through our sustainable practices. This collaboration allows to accelerate the supply of regular and consistent quality post-consumer recycled resin complying with International Quality Standards. Together, we look forward to making significant strides towards environmental stewardship and circularity."
Recykal's Founder and CEO Abhay Deshpande commented on the collaboration, saying, "We are delighted to join forces with Pashupati Group, a trailblazer in sustainable manufacturing. By leveraging Recykal8's capabilities, we aim to facilitate a seamless flow of recycled materials, driving market sustainability and supporting Pashupati Group's vision for a more eco-conscious industry.”
Pashupati Group has been at the helm of creating sustainable solutions by recycling plastics, including PET, and Polyolefin. Pashupati Group has 4 recycling facilities, 2 packaging facilities across India with a total of 300,000 tonnes processing capacity, preventing 10 million pet bottles and 2 million of polyolefin bottles every day from going to landfills or water bodies. It exports sustainable recyclates and other value-added products with recycled contents to over 25 countries worldwide.
Recykal, a cleantech startup, operates a tech-driven marketplace streamlining post-consumer waste for brand owners and recyclers. Recykal has launched a sophisticated Recykal8, a B2B marketplace that channels post-consumer recycled materials like PCR resins, PET flakes, Fiber and Yarn, catering to the needs of brands, recyclers, and producers of different industries. Through strategic partnerships, serving as a sales and marketing ally for recyclers with the right processes and capacity, Recykal aims to amplify its impact in circularity. Recykal advances its commitment to channelise materials to increasing market demand.
This alliance is a step to further the shared vision of both organisations - to create a sustainable circular economy ecosystem that has a longlasting positive impact on the planet. Through this partnership, Pashupati Group will leverage Recykal8's advanced marketplace to access high-quality PCR materials, aligning with their goal of promoting eco-friendly and responsible manufacturing processes.
Brands that want to introduce their sustainable products and use recycled packaging can source the PCR from Pashupati Group on a large scale without compromising on quality and compliance to manufacture products and packaging for their environmentally conscious consumer. This collaboration will enable speed at which material connectivity be established to meet the obligation of PWM regulations that have mandated the use of Post Consumer Recycled resins in the packaging.
