NEWS

The Financial Express, New Delhi, Feb 2017: Organised PET recycling has grown to become a R3,500-crore industry, and is expected to keep growing. The country has around 41 manufacturing units spread across 46 locations with a total capacity of 800 kilotonnes per annum. These units have capacity ranging from 3 ktpa to 60 ktpa, and recycled PET is used to make fibre-based, value-added products. Bulk of these units are located in the north and western parts of the country. According to Magesh Nandagopal, scientist from CSIR National Chemical Laboratory, whose team of scientists looked at the entire chain from waste collectors to recyclers and PET manufacturers, the overall PET consumption in the country grew to 907 killotonnes in 2015-16, from 774 killotonnes in 2014-15. The country is recycling around 60 to 70% of PET in the organised segment.

 Read More: http://www.financialexpress.com/industry/pet-recycling-is-r3500-crore-industry-now/556323/