Page 134 - CW E-Magazine (2-4-2024)

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For a consistent supply of High Purity Grade

MOVING TO CIRCULARITY
SABIC signs MoU with Pashupati Group to develop

plastics recycling projects

SABIC, a global leader in the into pyrolysis oil, which SABIC will
chemical industry, has signed a Memo- to use in production of certifi ed cir-
randum of Understanding (MoU) cular polymers with the same perfor-
with Pashupati Group, a leading Indian mance properties as virgin plastics.
recycler of plastic waste and sup-
plier of high-quality recycled pro- “This MoU is an amalgamation
ducts, including polyolefi n pellets and of two champions in their own
recycled packaging bags, with ope- fields: Pashupati Group, a leader in
rations in North, West & Southern parts plastic recycling providing quality
of India. The MoU aims at developing Mr. Bankey Goenka, Managing Director, recyclates (PET & polyolefin),
Pashupati Group (Left) with
recycling opportunities in India, and Mr. Janardhanan Ramanujalu, including recyclates from moun-
expanding SABIC’s global network of Vice President South Asia at SABIC. tain- and ocean-bound plastics to the
qualifi ed recycling partners. global market with a proven track
it expands our collaboration with record over two decades, and SABIC,
As part of the MoU, both com- experienced local recyclers in Asia as a market leader driving innovative
panies will share best practices and we are continuously sourcing valuable products and solutions for a circular
exchange knowledge in the various feedstock to meet the growing demand plastics economy,” said Mr. Bankey
processes of used plastic material, for our Trucircle portfolio of recycled, Goenka, Managing Director, Pashupati
including developing methods and to circular polymers,” said Mr. Sanjay Group.
add value in processing using virgin Mishra, General Manager, Engineer- Methylamino Propylamine (MAPA)
polyolefi n and recycled polyolefi n, ing Thermoplastics & Performance This MoU follows SABIC’s 2021
to both compounded and non-com- Polymers at SABIC. collaboration with Malaysia-based
pounded fi nished products. plastic recycling company HHI,
While Pashupati will bring in its to create polymers from recovered
“We are very pleased about colla- expertise in mechanical and chemical ocean-bound and ocean plastics. These
borating with Pashupati Group. This processing of used plastic, SABIC polymers have since been used to
is a crucial fi rst step in our efforts to will focus on marketing and sales of manufacture new products, including
support and accelerate the transfor- recycled products. The agreement the Microsoft Ocean Plastic Mouse,
mation of India’s plastics economy also provides for an advanced recyc- as well as the Microsoft Surface
towards circularity. At the same time, ling project to convert used plastic Thunderbolt 4 Dock.

Asian Paints hit with environment damage Contact

compensation from GPCB

Asian Paints Ltd. has informed that exchange fi ling, the direction under Section at the under-construction project were
the Environment Engineer of the Gujarat 31A of the Air (Prevention and Control of followed,” it said.
Pollution Control Board (GPCB), Pollution) Act, 1981, does not mention any
Gandhinagar, imposed an interim violation or contravention committed. Asian Paints added in its disclosure
environment damage compensation that there was a minor fi re incident in its
(EDC) of Rs. 10-lakhs on the company “The company was reviewing the under-construction premises in Ankleshwar, Hyderabad : Commerce Centre Pharmachem Pvt. Ltd., Tel.: 040-2341 3413/4/5/6 Fax: 040-23413412
on March 6, 2024. said direction to understand the rationale Gujarat, on December 22, 2023. The Email: commercecentre.in@gmail.com
for the EDC levied, as all the statutory, same was controlled immediately and
According to the company’s stock safety, and environment-related norms there was no casualty.

134 Chemical Weekly April 2, 2024

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