Reliance Industries announced a significant achievement by becoming the first Indian company to transform plastic waste-derived pyrolysis oil into circular polymers certified under the International Sustainability and Carbon Certification (ISCC)-Plus. This certification ensures adherence to stringent traceability measures and regulations governing the production of circular polymers.
Reliance Industries stands as a diversified conglomerate headquartered in India, renowned for its extensive presence across various sectors. Founded by Dhirubhai Ambani, it has evolved into a global leader in petrochemicals, refining, oil & gas exploration, telecommunications, retail, and digital services. With a strong commitment to innovation and sustainability, Reliance Industries continues to drive transformative growth, contributing significantly to India’s economic landscape while expanding its footprint internationally.
Reliance showcased its vision to curb plastic waste and bolstering India’s circular economy through a recent innovation. The initial shipment of ISCC-Plus certified circular polymers, named CircuRepol (Polypropylene) and CircuRelene (Polyethylene), marks a significant stride in this vision. “RIL’s commitment to sustainability is demonstrated through its innovative methods like chemical recycling which help create a Circular Economy. The company firmly believes in finding smart solutions to reduce plastic waste and inspire others to join in this journey towards a greener future,” a press release by RIL stated.
“The company is working with trusted partners to increase the production of this oil and turn the yield into Circular Polymers. Chemical recycling has many benefits, including turning plastic waste into high-quality materials for new plastic. These materials can be used for packaging that comes into contact with food,” the press release added. CircuRepol and CircuRelene stand as pioneers in embracing circular economy principles. Marking a significant milestone, Reliance’s Jamnagar refinery secured the coveted ISCC-Plus certification, affirming its capability to craft circular polymers via chemical recycling.
This certification ensures adherence to stringent traceability measures and regulations governing the production of circular polymers. Reliance has innovated a technology enabling the transformation of diverse plastic waste, spanning single-use and multi-layered plastics, into valuable pyrolysis oil. India’s leading private enterprise, Reliance, achieved a consolidated revenue of Rs 974,864 crore (USD 118.6 billion), with cash profit reaching Rs 125,951 crore (USD 15.3 billion) and a net profit of Rs 73,670 crore (USD 9.0 billion) for the fiscal year ending March 31, 2023.