This landmark investment will enable Magpet to expand its operations and fast-track the development of India's largest and first integrated single-line bottle-to-bottle food-grade recycling plant at Vidyasagar Industrial Park, Kharagpur, West Bengal.
The facility will cover the entire PET-bottle recycling value chain from receiving used bottles to processing, which includes washing and turning them into flakes or granules, and to finally turning the granules back into bottles, thus presenting a true circular economy.
The plant, with an annual capacity of 45,000 metric tonnes per annum, will produce high-quality food-grade recycled PET (rPET) pellets, addressing the growing demand for sustainable plastic products while significantly reducing reliance on virgin plastics.
This story is from the October 25, 2024 edition of The Business Guardian.
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This story is from the October 25, 2024 edition of The Business Guardian.
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