Banyan Nation, a vertically integrated plastic recycling company based in Hyderabad, recently announced that they produced over 300 million FMCG bottles from recycled plastic in the previous year for major clients such as Hindustan Unilever, Shell, HPCL, and Reckitt. The company has designed a one-of-a-kind system that allows them to collect large amounts of plastic waste and produce premium-quality recycled polyolefin plastics (PE & PP), which are used in high-quality packaging applications. The company sources raw plastic waste through its proprietary technology platform, which includes thousands of workers from the informal sector in its supply chain.
The company generates near-virgin quality recycled resins after recycling their waste using their proprietary cleaning and decontamination technology, which are used in mainstream consumer packaging applications. Not only do the company’s recycled plastics meet US and EU packaging and plastics safety standards, but they also ensure that the raw materials they source come from a fully traceable supply chain. The venture has won many awards, including the WEF Global Technology Pioneers Award (2021).
At its recycling facility in Hyderabad, the company processes over 1,000-1,200 tonnes of plastic waste per month and sources scrap plastics from cities across the country. Although it has historically had a stronger presence in the South, the company is aggressively expanding procurement to the North, West, and East.