The collaboration with
Key highlights of the collaborative efforts include:
- Partnership with leading PET Recycler:
Nexam Chemical has entered a business initiative with an as of now undisclosed renowned PET recycler inIndia , for industrial upscaling initiatives. With two orders already placed, the customer specializes in producing rPET chips (granules) and rPET staple fibers, with a production capacity of 50 metric tons per day. This collaboration is poised to significantly enhance the availability of high-quality recycled PET materials in the Indian market. -
Expansion of rPET Applications: Through active engagement with various stakeholders,
Nexam Chemical andKrishna Enterprise has identified and pursued opportunities to expand the application of rPET across diverse sectors. With a focus on rPET sheets, fibers, and recycling, the company has successfully secured seven technically approved leads, with ten ongoing upscaling projects and discussions with an additional thirty relevant leads at various stages of exploration, from lab testing to early trials.
- The Indian plastics recycling market is one of the fastest-growing segments within the country's waste management industry, driven by increasing awareness of environmental issues and regulatory interventions aimed at promoting sustainable practices.
-
According to
TechSci Research , the Indian plastic recycling market stood at a market value ofUSD 520 million tons in 2022, with an estimated growth rate (CAGR) of 7,6% until 2028, when it is estimated to reach close toUSD 800 million by 2028. This growth is attributed to growing environmental consciousness, increasing awareness regarding the harmful effects of plastic waste and the rising demand for recycled plastics across various end-user industries, including packaging, automotive, construction, and consumer goods. -
With a burgeoning population, rapid urbanization and continuous product innovations,
India generates a substantial amount of plastic waste annually, presenting both challenges and opportunities for the recycling sector. Additionally, the Indian government is implementing policies and promoting recycling programs for controlling waste production as well as pushing for sustainable plastic disposable solutions. Nexam Chemical's proactive initiatives in collaboration with local partners likeKrishna Enterprise and leading PET Recyclers are well-positioned to capitalize on this growing market demand and drive sustainable solutions at scale.
"The Indian market is dynamic, and a great example of how fast a society can shift towards a more circular behavior, when both government and private players act together. We recently attended Plastivision in
"We have a number of projects in various stages of exploration and commercialization, but the sheer size and potential of the Indian plastics recycling market is truly staggering and poses a huge potential for our
"The Indian recycling market is highly dynamic and growing at a high pace.
These initiatives exemplify
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For more information, please contact:
Ronnie Törnqvist, VD, +46-706 25 41 85, ronnie.tornqvist@nexamchemical.com
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