Increase in PET plastic recycling capacity
22/11/2024
As part of the investment plan, construction has begun on a third recycling facility that will add another 120 tonnes per day of PET chips and polymer in late 2025.
Once finalised, revalyu’s Nashik site would have a total production capacity of 280 tonnes, processing approximately 35 million post-consumer plastic bottles daily.
The company has patented a glycolysis-based technology that produces 100% recycled speciality chips and textile yarns and is said to use 75% less water and 91% less energy than conventional PET made from oil.
revalyu Resources, the name of the company since German group Heraeus took a majority stake in 2022, has also announced broken ground on a new factory in Statesboro, Georgia. This is a $200 million investment for a plant expected to process 240 tonnes daily, or 90,000 tonnes yearly, by 2027.
With the help of partners, the company seeks to achieve a global capacity of 1000 tonnes per day by 2030.
revalyu Group founder Dr. Vivek Tandon commented: “This is a revolutionary moment for the PET plastic recycling industry. Finally, the world has a commercially proven, scalable, profitable and environmentally sustainable recycling technology that can truly reverse engineer used PET plastic into virgin grade quality PET polymer. I cannot thank our team, customers, shareholders and suppliers enough for their hard work, trust and support.”
Photo of revalyu’s site in Nashik, India.
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