SABIC SIGNS MOU WITH PASHUPATI GROUP TO TARGET RECYCLING OPPORTUNITIES IN INDIA

SABIC, a global leader in the chemical industry, has signed a Memorandum of Understanding (MoU) with Pashupati Group, a leading Indian recycler of plastic waste and supplier of high-quality recycled products, including polyolefin pellets and recycled packaging bags, with operations in North, West & Southern parts of India. The MoU is targeted at developing local recycling opportunities in India, and expanding SABIC’s global network of qualified recycling partners.

As part of the MoU, both companies will share best practices and exchange knowledge in the various processes of used plastic material, including developing methods and to add value in processing using virgin polyolefin and recycled polyolefin, to both compounded and non-compounded finished products.

Under the execution of the MoU, Pashupati, will bring in its expertise in the mechanical and chemical processing of used plastic, while SABIC will focus on the marketing and sales of recycled products. The agreement also provides for an advanced recycling project to convert used plastic into pyrolysis oil which SABIC will then be able to use in the production of certified circular polymers with the same performance properties as virgin plastics.

SABIC’s TRUCIRCLE portfolio and services includes certified circular polymers, design for recyclability, mechanically recycled products, certified renewable polymers from bio-based feedstock and closed loop initiatives to recycle plastic back into high quality applications and help prevent valuable used plastics from becoming waste.