Page 128 - CW E-Magazine (23-4-2024)

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ENSURING CIRCULARITY
Pashupati Group ties up with Recykal

Pashupati Group, an Uttarakhand- phthalate (PET) bottles and 2-mn key link with brands and manufacturers.
based manufacturer of sustainable tonnes of polyolefi n bottles every day The group will be able to leverage
recycled resins, has signed an agree- from going to landfi lls or waterbodies. Recykal’s advanced marketplace to
ment with Recykal, a managed market- It exports sustainable recyclates and access high-quality material, aligning with
place for post-consumer recycled resin other value-added products with recy- its goal of promoting eco-friendly and
(PCR), to help meet the rising demand cled contents to over 25 countries,” a responsible manufacturing processes,”
for the product from brands and manu- press statement informed. The alliance Mr. Bankey Bihari Goenka, Managing
facturers. between the two companies would help Director at Pashupati Group, said.
promote a sustainable circular econo-
Pashupati Group has four recycling my ecosystem, it said. Recykal’s Founder and CEO,
facilities and two packaging facilities Mr. Abhay Deshpande said his com-
in the country with an aggregate pro- “Recykal’s platform would help pany would facilitate a seamless fl ow
cessing capacity of three lakh tonnes. Pashupati Group’s approach to channelise of recycled materials, driving market
“It prevents 10-mn polyethylene tere- sustainable materials by establishing a sustainability.

TRADE TRENDS
‘Plastic exports up 14% y-o-y to $997-mn in February’

India’s plastic exports grew 14.3 sacks, and fl oor coverings, among “We have invited more than 800
percent year-on-year to $997-mn in others. However, panels like writing buyers from more than 70-plus coun-
February this year from $872-mn in instruments & stationery, consumer & tries. This will be an exposure for small
February 2023, due to a rise in demand houseware products, human hair & and medium enterprises in India and also
in various product categories, accord- related products, and miscellaneous showcase India’s pride in plastic manu-
ing to the Plastic Export Promotion products & items faced challenges facturing,” said Plexconcil’s Executive
Council (Plexconcil). in achieving growth during the same Director Mr. Sribash Dasmohapatra.
period, it added.
According to the Council’s data, “Amidst fl uctuating trends, India’s
there was signifi cant export growth Plexconcil, established by the Minis- plastic exports grew in February. Initi-
in February 2024 across the majo- try of Commerce, is set to hold its atives like PlexConnect 2024 aim to
rity of product panels like plastic raw ‘PlexConnect 2024’ exhibition during fortify global connections,” Mr. Dasmoha-
materials, plastic fi lms & sheets, woven June 7-9 in Mumbai. patra added.

EXPANSION
Vedanta Aluminium expands alumina refi ning capacity

Vedanta Aluminium, India’s largest rent 2-mtpa to 5-mtpa, to support its ter grade alumina (SGA), a key raw mate-
producer of aluminium, has commis- increasing aluminium production. rial for the company’s aluminium plants
sioned a new 1.5-million tonnes per in Jharsuguda (Odisha) and BALCO
annum (mtpa) unit at its alumina refi nery Vedanta Aluminium offers alumi- (Chhattisgarh). Mr. John Slaven, CEO,
in Lanjigarh, Odisha taking its annual nium products, including India’s fi rst Vedanta Aluminium, said, “The expanded
capacity to 3.5-mtpa. low-carbon “green” aluminium range, capacity strengthens our raw material
branded Restora. These products fi nd security and reduces costs for our Jharsu-
A company statement said this applications in sectors such as automotive, guda and BALCO aluminium smelters.
additional 1.5-mtpa capacity is a part of aerospace, defence, infrastructure, power It is a signifi cant step towards 100 per-
the company’s ongoing expansion to projects, electricals and packaging, cent vertical integration and strongly
take the overall nameplate capacity at amongst others. The company is also one positions us for sustainable growth within
the Lanjigarh refi nery from the cur- of the largest producers of premier smel- the global aluminium market.”

128 Chemical Weekly April 23, 2024

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