+
DFC Commits $30 Million for Plastic Recycling in India
WATER & WASTE

DFC Commits $30 Million for Plastic Recycling in India

The US International Development Finance Corporation (DFC) has pledged $30 million to Dalmia Polypro Industries to establish a plastic recycling facility in Maharashtra. Dalmia, known for producing high-quality recycled materials from post-consumer plastic waste, will secure the funds through external commercial borrowing (ECB) to support the new recycling facility in Nashik, according to a DFC statement.

The facility is expected to enhance India's plastic waste value chain and increase its capacity to reduce plastic waste, as noted by Ajay Rao, DFC's regional managing director for South Asia.

This recycling facility is designed to handle 1,71,000 metric tonnes of recycling per year and facilitate the development of food-grade recycled materials and applications by Dalmia Polypro. Moreover, the facility will manufacture high-quality recycled PET (rPET), PP (rPP), and HDPE (rHDPE) flakes and granules, with a portion of its power coming from renewable energy and biofuel sources.

An agreement between the two parties was signed in the financial capital on Wednesday.

Mike Hankey, Consul General at the US Consulate General in the city, remarked, "Dalmia's new facility will expand recycling capacity in India, generate employment, and provide economic opportunities for informal workers and small and medium-sized enterprises involved in the plastics recycling supply chain."

The US International Development Finance Corporation (DFC) has pledged $30 million to Dalmia Polypro Industries to establish a plastic recycling facility in Maharashtra. Dalmia, known for producing high-quality recycled materials from post-consumer plastic waste, will secure the funds through external commercial borrowing (ECB) to support the new recycling facility in Nashik, according to a DFC statement. The facility is expected to enhance India's plastic waste value chain and increase its capacity to reduce plastic waste, as noted by Ajay Rao, DFC's regional managing director for South Asia. This recycling facility is designed to handle 1,71,000 metric tonnes of recycling per year and facilitate the development of food-grade recycled materials and applications by Dalmia Polypro. Moreover, the facility will manufacture high-quality recycled PET (rPET), PP (rPP), and HDPE (rHDPE) flakes and granules, with a portion of its power coming from renewable energy and biofuel sources. An agreement between the two parties was signed in the financial capital on Wednesday. Mike Hankey, Consul General at the US Consulate General in the city, remarked, Dalmia's new facility will expand recycling capacity in India, generate employment, and provide economic opportunities for informal workers and small and medium-sized enterprises involved in the plastics recycling supply chain.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code