December 14, 2024
Corporates

revalyu Resources Commissions Second Plant At Nashik

revalyu Resources, a global leader in chemical PET recycling, has successfully commissioned its second plant at its Nashik, India site, further boosting its production capacity to 280 tonnes per day. With a total investment of US$100 million, the site now stands as the world’s largest PET plastic recycling facility.

The site is composed of three independent recycling plants:

  • Two plants, each with a capacity of 120 tpd, producing 100% recycled PET chips. The first plant has been commissioned, with the second scheduled for commissioning in Q3 2025.
  • One operational plant producing 40 tpd of recycled specialty chips and textile yarns.

The advanced glycolysis-based recycling technology employed at the site reduces water consumption by 75% and energy use by 91% compared to conventional PET manufacturing processes. The facility now recycles over 20 million used PET bottles daily, converting them into high-quality PET chips and polymer used across various sectors, including packaging, textiles, automobile accessories, and more.

Dr Vivek Tandon, founder of revalyu group, commented, “This is a revolutionary moment for the PET recycling industry. Our scalable and environmentally sustainable technology can convert used PET plastic into virgin-grade polymer. This achievement is a testament to the dedication of our team and partners.”

The third plant, fully financed as part of the US$100 million investment, is under construction and will add an additional 120 tpd of capacity by Q3 2025. This will further enhance the site’s capacity to recycle approximately 35 million post-consumer plastic bottles daily, bringing total production capacity to 280 tonnes per day.

Jan van Kisfeld, Managing Director of revalyu group, stated, “This marks a significant milestone in global plastic circularity. Our 100% post-consumer recycled polymer can seamlessly replace conventional PET in any application, driving both innovation and sustainability.”

revalyu Resources has also announced plans to build a 240 tpd PET recycling facility in the US by 2027 and aims to scale up global production to over 1000 tonnes per day by 2030, further advancing its commitment to a circular economy and environmental sustainability.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *