India’s Largest Multi-layered Plastic (MLP) Recycling Facility in Sarigam, Gujarat
Deluxe Recycling, a premier multi-layered plastic recycling company, has announced the opening of India’s largest multi-layered plastic (MLP) recycling facility in Sarigam, Gujarat. With substantial backing from Circulate Capital, this new plant will significantly increase Deluxe Recycling’s capacity from 13,000 TPA to 27,400 TPA, reinforcing its position as one of South Asia’s largest MLP recyclers. By FY2030, the company aims to recycle more than 200,000 tons of Used Beverage Cartons (UBCs) and MLPs. The Sarigam plant, with an investment of over INR 50CR and spanning 1.5 lakh sq. ft., is expected to create over 150 jobs in Gujarat.
Innovative Waste Management and Environmental Impact
Established in 1999, Deluxe Recycling has been at the forefront of tackling India’s waste management challenges by developing proprietary technologies to recycle UBCs and MLPs. These typically hard-to-recycle plastics are transformed into high-demand, heavy, rigid products, such as recycled seat boards, which are supplied to the automotive industry, covering 90% of the market. Deluxe’s scalable ecosystem for collecting and sorting MLP waste involves working with a network of aggregators and small material recovery facilities (MRF), promoting a sustainable approach to plastic waste management in India.
Circulate Capital’s Role in Expansion
The expansion has been fuelled by funding from Circulate Capital, a leading circular economy investment management firm that oversees the largest recycling portfolio in Asia. This financial support has been instrumental in the establishment of new facilities in Sarigam and Bengaluru, allowing Deluxe Recycling to increase its capacity to 27,400 MTPA, with plans to reach 50,000 MTPA in the next 2.5 years. Rob Kaplan, Founder & CEO of Circulate Capital, emphasized the importance of Deluxe Recycling’s innovative solution in driving significant environmental and social outcomes, contributing to a circular economy for plastics in India.
