Reliance Industries / Now India will become the king of 'circular economy', this is the reason

Reliance Industries: Reliance Industries Limited (RIL) has created history on 29 December 2023 by chemically recycling plastic waste to create high quality material for new plastic. It has become the first company in India to do this work. RIL chemically recycled plastic waste based pyrolysis oil into International Sustainability and Carbon Certification (ISCC) Plus certified circular polymer. Chemical recycling has many benefits, including turning plastic waste into high quality material for new plastic. These materials can be used for food packaging.

Reliance Group has set this target for 2030

Through this work, RIL has shown its participation in reducing plastic waste in India and promoting a circular economy. Society needs to think of plastic not as a 'waste material' but as a renewable resource. Reliance aims to reach a total capacity of 1 million tonnes through all its sustainable sources by 2030. Its Jamnagar refinery in Gujarat is now chemically processing recycled pyrolysis oil to produce ISCC-plus certified circular polymers, polypropylene and polyethylene.

What is circular economy?

Circular economy is a system in which products and materials are used for as long as possible. This includes sharing, leasing, repairing, reusing, innovating products. The circular economy is a sustainable alternative to the traditional linear economy, reducing waste materials and conserving resources. This reduces pollution and also saves money for companies.