Page 124 - CW E-Magazine (27-5-2025)

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SUSTAINABLE PACKAGING
Chemco and Kandoi set up joint venture to manu-

facture rPET-based FIBC bags in Gujarat

Chemco Group, a leading PET con- “We are excited to set a new bench-
verter, and Kandoi Group of Industries, mark in high-performance, export-ready
a technical textiles fi rm, have set up a packaging made entirely from recycled
joint venture to build two fully integra- PET,” added Mr. Niranjan Agarwal,
ted greenfi eld manufacturing facilities Managing Director, Kandoi Group of
in Vapi and Dahej, Gujarat. With a total Industries.
investment of Rs. 450-crore, the initi-
ative will focus on producing FIBC The venture is expected to gene-
(Flexible Intermediate Bulk Container) rate over 2,500 direct and indirect jobs
bags entirely from recycled PET (rPET). polyethylene packaging. “With end-to- across collection, processing, logistics,
end control over sourcing, recycling, and manufacturing. By partnering with
The upcoming facilities will offer and fabrication, the joint venture Urban Local Bodies (ULBs) and muni-
a closed-loop system from PET bottle offers a scalable model for sustainable, cipal corporations, the initiative aims to
collection and washing to tape extrusion, compliant industrial packaging with formalise India’s informal waste collec-
weaving, and fi nal bag fabrication ensur- reliable recycled content and traceable tor network offering steady livelihoods,
ing full traceability, consistent quality, supply chains,” the companies said. improved working conditions, and inte-
and reduced environmental impact. gration into a more transparent and
“By transforming everyday PET effi cient waste ecosystem.
Designed to recycle over 10-million waste into high-performance industrial
PET bottles per day (approximately packaging, we want to create value Commercial production is expected
3.6 billion annually), the plants will ope- not just for businesses, but for com- to begin by the end of 2025. Both
rate entirely on renewable energy and munities and the environment,” said Chemco Group and Kandoi Group plan
offer a high-strength, low-carbon alter- Mr. Ram Saraogi, Chairman, Chemco to scale capacity in phases and explore
native to traditional polypropylene and Group. export opportunities.

Avient appoints Dr. Ashish Khandpur as Chairman

Avient, the US-based maker of made an immediate impact, effectively
colorants, advanced composites, func- leading the company in developing and
tional additives, and engineered mate- executing a new strategy to amplify
rials, has announced that its Board of innovation and deliver organic growth –
Directors has appointed Dr. Ashish the results of which we are already
Khandpur, Avient’s President, CEO experiencing. Ashish’s appointment
and Director, to serve in the additional reinforces the Board’s confi dence in his
role of Chairman of the Board, effec- leadership to generate long-term value
tive May 14, 2025. creation for Avient stakeholders,” said
Mr. Fearon.
Dr. Khandpur succeeds Mr. Richard
Fearon, who had served as Chairman of Dr. Khandpur holds a Bachelor’s
the Board of Directors since December of Technology degree in Chemical
2023 and will continue to serve on the Engineering from the Indian Institute
Board. of Technology, Delhi, and a Ph.D in
Chemical Engineering from the Univer-
“Since joining Avient, Ashish has sity of Minnesota.

124 Chemical Weekly May 27, 2025

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