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NEWS TRACK
Re Sustainability and Sharrp Ventures
Unveil Plastics Circularity Initiative
e Sustainability Limited advanced recycling facilities expected to be
(ReSL) and Sharrp Ventures operational by early FY26. These facilities
have launched a Plastics will strive for nearly 100% diversion of
Circularity Initiative, dry waste from landfills and are projected
Rmarking a significant step to generate more than 370 direct jobs, with
forward in sustainable waste management. a notable emphasis on employing 75%
The initiative, set to operate in Hyderabad women.
and Raipur, aims to transform plastics waste The Marico Innovation Foundation (MIF),
management by processing 32,000 tonnes a subsidiary of Marico Limited, will serve
of plastic annually, cutting CO2 emissions as the knowledge partner for the initiative.
by 15,000 tonnes, and producing over 9,000 MIF’s 2022 playbook underscored the
tonnes of high-quality recycled polymers critical need for a resilient circular economy,
each year. a gap this initiative aims to bridge. The
This project is designed to address project will utilize AI-driven technology
waste management challenges in both for precise waste sorting and is intended to
major metropolitan and smaller urban serve as a scalable model for other Indian
areas. The plan includes establishing cities and regions across the Global South. CIJ
SEPTEMBER 2024•Clean India Journal
14 www.cleanindiajournal.com
