Essel Propack Ltd, a leading company in the business of manufacturing laminated plastic tubes, announced ‘Project Liberty’, a major step forward in its commitment to improve sustainability.
’Project Liberty’ is an attempt to recycle multilayer laminates which consists aluminium in the structure, by separating aluminium and polymer into two distinct and reusable streams without the use of chemicals or heat.
In this effort, Essel has collaborated with multiple major technical partners across the globe and co-developed a solid-state environmental friendly process to liberate aluminium from the laminate/tubes.
Speaking on the occasion of the launch, Ashok Goel, CMD, Essel Propack Ltd. said, “The main objective of launching this project is to establish a traceable and sustainable recycling process. ‘Project Liberty’, will not only fulfil our vision of making every single tube recyclable, but will also help all our partners across the value chain in achieving their sustainability goals/ commitments to their stake holders.”
The Project has been kicked start and will be implemented in 2 phases. It shall begin with India where in Phase-I: The company will recycle its own tubes and laminate scrap, for which it will equip its units accordingly by Q3 FY 19. In Phase II: Essel will offer the re-cycling facilities to its customers & partner with brand owners to regulate the post consumer tubes and offer for recycling.
In subsequent phases, the company shall roll out such facilities globally, in a phased manner.
(Source: www.equitybulls.com)
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