Recycling

These recycling facilities aim not just to manage the vast quantities of electronic waste generated annually but also to foster a circular economy

Bi-monthly MIT Technology Review magazine has rated South Korea as 'one of the world's best recycling economies', and the only Asian country out of the top 10 on its Green Future Index in 2022

There is also regulatory pressure on automakers and battery makers to recycle

The government will provide one-time financial support for setting up recycling plants for abandoned fishing gear and plastic waste in coastal areas, Union Environment Minister Bhupender Yadav said on Saturday. He announced guidelines for "One-Time Financial Support for Establishing Recycling Plants" while taking part in a beach clean-up drive at Juhu in Mumbai. According to a note prepared by the ministry, the focus is on establishing fishing gear/net and marine plastic waste recycling facilities in the 12 Blue Flag-certified beaches -- which meet global environmental, educational, safety standards -- in the country. One-time financial support will be given to set up 25 recycling units -- 13 for nylon fishing gear and 12 for plastic waste -- near Blue Flag beaches, the ministry said. New recycling units for plastic waste and fishing gear/nets are eligible if they have a valid permit, are located outside the Coastal Regulation Zone, and meet local regulations, it said. Preference

RecommerceX focuses on recovering valuable materials such as metals, plastics, and e-waste

Ahead of the budget, recycling industry bodyAI has urged the government to remove the import duty on aluminium scrap, saying it will help promote sustainability in the industry. According to the Material Recycling Association of India (MRAI), the recycling process of aluminium scrap emits only 0.3 million tonnes (MT) of Co2 on per tonne of production compared to 14 tonnes of carbon emissions on the production of 1 MT of aluminium through smelters route which involves maintaining of coal-based capacities for power supply. "Among the key challenges faced by the Indian aluminium recycling industry is 2.5 per cent import duty on aluminium scrap. It is a key raw material for aluminium recycling and the government should make it to zero until the quality material (scrap) is available in sufficient quantity in the domestic market,"AI said in a letter to Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman will present the full Union Budget for the financial year 2024-25

Consumers will gain the right to choose either a repair - or a replacement - for faulty products while the product is still under guarantee

Founded in October 2021, the company's current manufacturing facility, located in Bangalore, holds a capacity to extract 5 tonnes of materials per day

The world's electronic waste generation is increasing five times faster than documented e-waste recycling, according to the United Nation's fourth Global E-waste Monitor (GEM) report released on Wednesday. According to the report from the International Telecommunications Union (ITU) and United Nations Institute for Training and Research (UNITAR), the 62 million tonnes of e-waste produced in 2022 would fill around 1.55 million 40-tonne trucks, equivalent to encircling the equator with trucks bumper-to-bumper. However, a mere 22.3 per cent of the year's e-waste mass was properly collected and recycled in 2022, leaving USD 62 billion worth of recoverable natural resources unaccounted for and heightening pollution risks globally. E-waste recycling currently meets just 1 per cent of rare earth element demand, the report said, highlighting a significant gap in resource recovery. It projected a steady increase in annual e-waste generation, rising by 2.6 million tonnes each year and expect

Recycling player Vikas Lifecare on Saturday said it has formed a Joint Venture (JV) company to set up a smart meter manufacturing unit at an investment of Rs 108 crore. Its subsidiary Genesis Gas Solutions Pvt Ltd (Genesis) has formed JV IGL Genesis Technologies Ltd with equity participation from Indraprastha Gas Ltd (IGL) in the ratio of 49:51, Vikas Lifecare said in a statement. The JV will set up a smart meter manufacturing facility at an initial investment of Rs 108 crore in Noida, Uttar Pradesh. The unit, with a capacity to manufacture 1 million smart meters annually, is being set up over an area of 65,000 sq ft, and is expected to be made operational by July this year, the company said. Orders for the manufacturing equipment have already been finalised and will be placed within this month. Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications.

Recycling company Integra Essentia has reported a net profit of Rs 7.52 crore for the September quarter, aided by higher income. It had clocked a net profit of Rs 2.15 crore in the year-ago period, the company said in a statement on Thursday. The company's total revenue rose to Rs 74.75 crore over Rs 59.40 crore in the year-ago quarter. Its expenses were at Rs 64.96 crore as against Rs 57.30 crore a year ago. Integra Essentia is into steel and renewable energy business.

Recycling player Gravita India has posted a 31 per cent jump in consolidated net profit at Rs 58.84 crore during the quarter ended September 30, pushed by higher income. It had clocked Rs 44.98 crore net profit during the July-September period of the preceding 2022-2023 fiscal year, the company said in a regulatory filing on Tuesday. The company's total income surged to Rs 850.31 crore in the quarter under review, from Rs 689.61 crore in the year-ago quarter. Its expenses were at Rs 783.31 crore in the September quarter of this fiscal, as against Rs 639.43 crore a year ago. Jaipur-based Gravita is a leading recycling company with 11 manufacturing facilities across the globe having total capacity of 2.51 lakh MTPA.

An impressive revenue of over Rs 117 crore has been earned by the Centre from scrap disposal during the ongoing cleanliness campaign, Union Minister Jitendra Singh said on Tuesday. In addition, office space measuring 32.54 lakh square feet have been cleared and made available for use after clearing the junk, he said. Singh, the Minister of State for Personnel, commended the Department of Administrative Reforms and Public Grievances (DARPG), being the nodal agency, while reviewing the progress at the end of the first two weeks of special campaign 3.0 here. He appreciated the progress achieved in minimising pendency and institutionalising swachhata in the period of October 2-14, 2023, during the campaign that is being implemented in all government offices across the country. "The government has earned an impressive revenue of more than Rs 117 crore in the first two weeks of the ongoing swachhata special campaign 3.0, just by disposing of scrap," the minister said. He said massive ..

The National Metallurgical Laboratory (NML) on Saturday said it has commissioned the first Battery Recycling Pilot Facility of the Council of Scientific and Industrial Research at Jamshedpur to extract critical metals such as Lithium, Nickel, Manganese and Cobalt. It encompasses 1 Ton per day (TPD) battery dismantling and cathode material separation setup, apart from the integrated large-scale hydrometallurgical facility for extraction and separation of those critical metals, said the NML, a constituent establishment of the CSIR, in a statement. Batteries contain chemicals and metals and their dumping attracts environmental concerns due to contamination of water and soil. The facility, set up with the support of CSIR-Bulk Chemical Mission, is able to tackle spent rechargeable batteries belonging to the class of lithium-ion batteries and nickel-based batteries, for process validation and technology transfer under hire-operate-transfer mode. The technology is currently being validate

Electric vehicle batteries cover an ever-changing gamut of established and emerging chemistries and mechanical design

To promote a circular economy and reduce waste, the Indian government is discussing the use of policy instruments like Extended Producer Responsibility (EPR) to incentivize recycling, a senior mines ministry official said. Under the Sustainable Development Goals (SDG) 2030 initiative, the Ministry of Mines and the Ministry of Steel have issued recycling frameworks aimed at developing the recycling sector using advanced technology to achieve resource efficiency and carbon neutrality. "The government has issued recycling frameworks intended to develop the recycling sector using advanced technology to achieve resource efficiency and carbon neutrality. Further policy instruments like EPR are under discussion stage, which will incentivize recycling in the country," Joint Secretary, Ministry of Mines Upendra C Joshi told PTI. EPR is a policy approach where producers are made responsible for the treatment or disposal of post-consumer products. Under EPR, producers have a role in minimizing

Recycling company Vikas Ecotech on Wednesday said it plans to raise Rs 100 crore through qualified institutional placement (QIP) route. The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capital requirement, the company said in a statement. A proposal in this regard was approved by the board of the company at its meeting recently, it said. The board has approved the first tranche of QIP not exceeding Rs 50 crore and the remaining amount of Rs 50 crore through second/subsequent tranches, the statement said. Vikas Ecotech is expanding its business portfolio by manufacturing steel pipes and MDPE (medium-density polyethene) pipes. Last month, the company forayed into the real estate sector for development of commercial and residential projects in Gurugram, Haryana. The city-based company is engaged in the business of specialty polymers for applications in sectors like electrical, infrastructure, packaging, and automotive,

Minister of State for Agriculture Kailash Choudhary on Monday stressed recycling of agriculture waste and chemical-free farming. The agriculture ministry organised an event on Mission LiFE on the occasion of World Environment Day at Pusa in New Delhi. The programme began with a tree plantation activity on the premises of the venue by Choudhary. In his remarks, the minister highlighted the importance of lifestyle for the environment and stressed chemical-free farming as one important option for sustaining the resources for future generations, according to an official statement. He emphasised the adoption of Mission LiFE in agriculture to address the adverse impact of climate change. Quoting the example of Rajasthan, he mentioned that the state is having pre-monsoon showers more frequently than in previous years. Untimely and heavy rains are causing distress to the farming community. Farmers are highly vulnerable to climate change, the minister said. To address this, he highlighted

The recycling industry may grow exponentially to reach USD 20 billion by 2030 from about USD 4 billion at present, driven by rising investments to develop better solutions to address difficulties faced by the sector, as per a report. According to Avendus Capital, the largest home-grown investment banking franchise, the benefits of the circular economy are huge, such as saving costs and reducing dependence on virgin materials. The report pegs the current size of the plastic recycling industry at around USD 2.3 billion now, while that of the e-waste sector is around USD 1.4 billion and battery recycling at USD 100 million, and these three segments may touch USD 20 billion by the turn of FY30. The report offers a detailed analysis of the recycling industry with a specific focus on three major segments - plastics, e-waste and batteries. A circular economy refers to a system that is restorative and regenerative by design and ensures that there is no or limited depletion of natural ...

According to a government spokesman, a 'Na Throw-Na Throw' chariot will be run in all the selected 11 municipal corporations