SIBUR, Russia s largest plastics producer, partners with Indian businesses to recycle plastic waste. EcoPartners, co-founded by Gaurav Sood, opened Russia s largest plant for recycling plastic packaging waste last year. The plant, Total Cycle, in the Tver region, processes plastic waste into PET flakes. SIBUR supports the plant and purchases PET flakes to produce green PET granules for eco-friendly packaging. This initiative recycles up to 1.7 billion plastic bottles annually. Russia, like India, focuses on environmental protection, with Russia mandating recycling for plastic-packaging manufacturers and considering restrictions on difficult-to-recycle plastics.
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Sibur, a major Russian petrochemical company with a strong foothold in India, plans to boost exports to India from their forthcoming Amur Gas Chemical Complex in the Russian Far East. The complex aims to become the world s largest polymer production facility, set to supply Asia, including India. With existing success in joint ventures with Reliance Industries, Sibur eyes expanding exports of raw materials and products to India, targeting markets in construction, automotive, coatings, and more.
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Sibur’s participation in the petrochemicals venture was billed to be part of a multi-pronged approach between India and Russia involving a joint collaboration in petrochemicals, energy sourcing and supplies, as well as upstream investments in both the countries