Hyderabad: Hyderabad-based Srichakra Polyplast (Srichakra), a plastic recycling and waste management company, commissioned its upgraded facility, the first-of-its-kind in India facility to produce food-grade quality recycled polyethylene terephthalate (PET) pellets. The facility is located at Pashamylaram, Patancheru Mandal, Hyderabad.
The company has also commissioned its new polyolefins recycling facility which can produce deodorised bottle-to-bottle grade quality polyolefin pellets. The company has invested over $10 million (over Rs 70 crore) to strengthen its recycling capabilities, which allow it to offer recycled plastic to customers in India and global markets such as Europe and the United States.
Srichakra’s facility features US Food and Drug Administration-approved technology provided by Starlinger, which expands the company’s capacity to become the largest solid state polymerised (SSP) PET processor in India.
The unit can produce food-grade quality PET pellets, which can be used to produce food and beverage packaging such as water, carbonated soft drink and juice bottles as well as takeaway containers; and deodorised polyolefin pellets, which can be used in home and personal care product packaging such as lotion, shampoo, and detergent bottles.
Ravindra Venkata, CEO and co-founder of Srichakra, said, “Our approach at Srichakra is focused on using leading-edge technology to create reliable, high-quality materials that help brand-owners reduce their use of virgin plastic. The new, world-class technology that we have commissioned for operation not only enables us to produce food-grade quality recycled plastic for customers, but also gives locally sourced plastic a new life, preventing it from entering the environment.”
Paul Niedl, commercial head, Starlinger Recycling Technology, said, “With the new Starlinger PET bottle-to-bottle recycling line with SSP treatment, Srichakra has expanded its scope of products into the important field of food-grade rPET.”
The investment has allowed Srichakra to grow its team two-fold to employ 200 workers from local communities. The company is currently in conversations with multiple global fast-moving consumer goods companies regarding offtake agreements and expects to further increase capacity across its operations.