Green India Polymers Partners with Meridian Polycorp for $40M PET Flake

24 Feb 2025 CW Team

The agreement aligns with GIP’s mission to promote a circular economy, incentivise waste collection, and combat poverty by creating employment opportunities in recycling sectors across multiple regions. Meridian Polycorp Ltd will act as the exclusive global distributor of GIP’s recycled PET flakes, ensuring worldwide compliance and seamless delivery to major brand owners.

Expanding Global Reach and Sustainability Initiatives With an annual recycling capacity of 8,000 MT, Green India Polymers has successfully exported over 40,000 MT of recycled PET flakes to major international markets, including the United States, Mexico, Germany, Morocco, and Malaysia. This new agreement will further strengthen its presence in the global recycling supply chain while enhancing the availability of sustainable raw materials for the packaging, textile, and manufacturing industries.

Green India Polymers specialises in PET and HDPE recycling, with a robust supply chain network spanning India, Bangladesh, Dubai, and Uganda. The company plays a crucial role in diverting plastic waste from landfills and oceans, transforming it into valuable raw materials for sustainable production.

Impact on the Recycling and Polymer Industry This partnership underscores a broader shift towards sustainable plastic recycling and responsible sourcing in the global polymer industry. The demand for recycled PET (rPET) is witnessing a surge, driven by regulatory requirements, corporate sustainability commitments, and consumer preferences for eco-friendly packaging.

With major markets mandating increased recycled content in plastic products, such collaborations are expected to accelerate the transition to a circular economy, reduce carbon footprints, and create environmentally responsible supply chains. By leveraging Meridian’s global distribution network and GIP’s recycling expertise, this initiative marks a significant step towards scaling up PET recycling and ensuring the availability of high-quality recycled materials across industries.

Green India Polymers (GIP), a leading polymer recycler and trader, has announced a strategic collaboration with Canada-based Meridian Polycorp Ltd for the supply of PET flakes worth $40 million over three years. Under this partnership, GIP will export 40,000 MT of PET flakes, primarily sourced from underdeveloped regions, to meet the growing demand for high-quality recycled materials globally. The agreement aligns with GIP’s mission to promote a circular economy, incentivise waste collection, and combat poverty by creating employment opportunities in recycling sectors across multiple regions. Meridian Polycorp Ltd will act as the exclusive global distributor of GIP’s recycled PET flakes, ensuring worldwide compliance and seamless delivery to major brand owners. Expanding Global Reach and Sustainability Initiatives With an annual recycling capacity of 8,000 MT, Green India Polymers has successfully exported over 40,000 MT of recycled PET flakes to major international markets, including the United States, Mexico, Germany, Morocco, and Malaysia. This new agreement will further strengthen its presence in the global recycling supply chain while enhancing the availability of sustainable raw materials for the packaging, textile, and manufacturing industries. Green India Polymers specialises in PET and HDPE recycling, with a robust supply chain network spanning India, Bangladesh, Dubai, and Uganda. The company plays a crucial role in diverting plastic waste from landfills and oceans, transforming it into valuable raw materials for sustainable production. Impact on the Recycling and Polymer Industry This partnership underscores a broader shift towards sustainable plastic recycling and responsible sourcing in the global polymer industry. The demand for recycled PET (rPET) is witnessing a surge, driven by regulatory requirements, corporate sustainability commitments, and consumer preferences for eco-friendly packaging. With major markets mandating increased recycled content in plastic products, such collaborations are expected to accelerate the transition to a circular economy, reduce carbon footprints, and create environmentally responsible supply chains. By leveraging Meridian’s global distribution network and GIP’s recycling expertise, this initiative marks a significant step towards scaling up PET recycling and ensuring the availability of high-quality recycled materials across industries.

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