Reliance scouts for startups to give wings to its waste-to-energy plan
MUMBAI : Reliance Industries is scouting for start-ups—global and domestic—who have cracked a way to treat waste and can help the company further its waste-to-energy and circular economy initiatives.
“We are looking to fund and are scouting around for all technology available for waste segregation, recycling and waste to energy. We are thinking about the bets we should be making in this regard,” said Vipul Shah, chief operating officer, petrochemicals at RIL.
RIL, one of the largest recyclers of the PET (post-consumer) waste in India, converted about 2 billion waste PET bottles into fabric by 2018. Its current capacity of PET bottle recycling facility is being more than doubled to 5 million bottles in the next few years.
