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Business EconomyPosted at: Jan 30 2025 8:14PM


Polycycl to recycle 1.5M tons plastic waste over next decade

Bengaluru, Jan 30 (UNI) Polycycl, a pioneering startup in chemical recycling, has announced a bold initiative to enable the recycling of 1.5 million tons of plastic over the next decade, a move expected to yield more than 1.0 million tons of pyrolysis oil.
The Company’s CEO and Founder Amit Tandon stated that the global chemical recycling market is anticipated to grow to $20 billion globally in the next ten years, and Polycycl is determined to play a leading role by advancing scalable technological solutions that will benefit both the economy and the recycling sector.
Polycycl’s technology focuses on converting waste plastics and other hydrocarbon waste streams into purified oils that serve as feedstocks for making food-grade plastics and other renewable products, Tandon said at the launch of Generation VI chemical recycling pyrolysis technology, marking a significant breakthrough in tackling India's escalating plastic waste crisis.
The company has also developed methodology for sorting of waste plastics from landfill streams, which alongwith the plastic-to-oil conversion plants are expected to create numerous jobs and bolster local economies. The scalability of its technology remains a top priority for Polycycl as it expands its operations globally.
PolyCycl is exploring strategic partnerships with companies, including in Europe, to introduce its cutting-edge technologies in various geographies. Hydrocarbon oils generated from Polycycl’s technology have already been qualified by major players in the petrochemical industry and the company is Unilever’s preferred partner for chemical recycling in India.
In a significant achievement, Polycycl was also selected by Alliance to End Plastic Waste, a global alliance of petrochemical and consumer product companies from a pool of over 100 applicants as part of an RFP in 2021. As it continues to strengthen its engineering capabilities, Polycycl is positioning itself to form more strategic partnerships to advance its mission in the global recycling landscape.
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