Pashupati Group & Recykal partner to boost channelization of post-consumer recycled resin supply

Pashupati Group, a 45-year giant in manufacturing sustainable recycled resins committed to a better tomorrow, has joined forces with Recykal, a managed marketplace for post-consumer recycled resin (PCR). This collaboration reinforces the shared commitment of both organizations to boost the channelization of PCR Resins to meet the increasing demand of brands and manufacturers. This partnership represents a pivotal advancement in championing closed-loop production systems and curbing the environmental footprint of manufacturing operations. 

Pashupati Group has been at the helm of creating sustainable solutions by recycling plastics, including PETfou and Polyolefin. Pashupati Group has  4 recycling facilities and 2 packaging facilities across India with a total of 300,000 tonnes processing capacity, preventing 10 Million Pet Bottles and 2 Million Polyolefin bottles daily from going to landfills or water bodies. Having won accolades and global certifications for product quality and consistency over the decades, it exports sustainable recyclates and other value-added products with recycled contents to over 25 countries worldwide. The group is driven by a singular vision to be a global leader in recycling and processing plastic waste, offering sustainable and closed-loop solutions.

Recykal, a leading cleantech startup, operates a tech-driven marketplace streamlining post-consumer waste for brand owners and recyclers. With a visionary approach, Recykal has launched a sophisticated Recykal8. This B2B marketplace channels post consumer recycled materials like PCR resins, PET flakes, Fiber, and Yarn, catering to the needs of brands, recyclers, and producers of different industries Through strategic partnerships, serving as a sales and marketing ally for recyclers with the right processes and capacity, Recykal aims to amplify its impact in circularity. Recykal advances its commitment to channelising materials to increase market demand.

This alliance is a step toward furthering the shared vision of both or—to create a sustainable circular economy ecosystem that has a long-lasting positive impact on the planet. Recykal's innovative platform, Recykal8, is set to revolutionize Pashupati Group's approach to channelizing sustainable materials by establishing a critical link with Brands and manufacturers. Through this partnership, Pashupati Group will leverage Recykal8's advanced marketplace to access high-quality PCR materials, aligning with their goal of promoting eco-friendly and responsible manufacturing processes. 

For brands seeking to introduce sustainable products and use recycled packaging, sourcing PCR from Pashupati Group on a large scale is a game-changer. This collaboration ensures that brands can manufacture products and packaging for their environmentally conscious consumers without compromising on quality and compliance. The speed at which material connectivity can be established through this partnership will help brands meet the obligation of PWM regulations that have mandated the use of consumer-recycled resins in packaging.

Bankey Bihari Goenka, managing director at Pashupati Group, is thrilled about the partnership, stating, "At Pashupati Group, we are dedicated to fostering a greener future through our sustainable practices. This collaboration allows us to accelerate the supply of regular and consistent quality post-consumer recycled resin, complying with International Quality Standards. Together, we are poised to make significant strides towards environmental stewardship and circularity."

Recykal's founder and chief executive officer, Abhay Deshpande, commented on the collaboration, saying, "We are delighted to join forces with Pashupati Group, a trailblazer in sustainable manufacturing. By leveraging Recykal8's capabilities, we aim to facilitate a seamless flow of recycled materials, driving market sustainability and supporting Pashupati Group's vision for a more eco-conscious industry.”