~ Three-Year Collaboration to Export 40,000 MT of PET Flakes ~
New Delhi, February 25, 2025: Green India Polymers (GIP), a leading recycling company specializing in PET and HDPE recycling with a strong supply chain network across Bangladesh, India, Dubai, and Uganda, has entered into a strategic collaboration with North America, based Meridian Polycorp Ltd (Meridian). The collaboration, valued at USD 40 million, spans three years and aims to export 40,000 MT of PET flakes sourced primarily from underdeveloped regions. The partnership is designed to drive awareness at the grassroots level, incentivize waste collection, and combat poverty while ensuring compliance and delivering high-quality recycled products to brand owners worldwide.
As part of this collaboration, Meridian will serve as the exclusive global distributor of GIP’s recycled PET flakes. With an annual recycling capacity of 8,000 MT, GIP has successfully exported over 40,000 MT of recycled PET flakes to major markets, including the United States, Mexico, Germany, Morocco, and Malaysia. The company has consistently achieved milestones in advancing the recycling industry.
Meridian, a trusted supplier to some of the largest multinational companies, specializes in providing qualified plastic raw materials to end-users in India, the United States, China, Southeast Asia, and South America. With a combined experience of over 40 years, Meridian brings deep expertise and an accurate pulse on the market along with a strong global network to the collaboration.
This partnership also aligns with the United Nations Development Programme’s (UNDP) sustainable goals, which focus on:
· Reducing plastic pollution and carbon footprint
· Alleviating poverty and creating sustainable livelihoods
· Minimizing ocean-bound plastic and increasing ocean diversion efforts
Speaking on the collaboration, Amit Mani, Founder & MD of Green India Polymers said, “At Green India Polymers, our mission has always been to drive sustainability through innovation in plastic recycling. This partnership with Meridian Polycorp Ltd is a testament to our commitment to expanding global access to high-quality recycled materials. By combining our strengths in manufacturing with Meridian’s extensive supply chain expertise, we are well-positioned to meet the increasing demand for PET flakes while promoting a circular economy. We look forward to a successful collaboration that not only enhances business growth but also contributes to a greener planet.”
Meridian with its global outreach will be the exclusive distributor of GIP products across the globe. Meridian collaborates with some of the largest and most respected worldwide companies and brands to provide ready-to-use, qualified plastic raw materials to end users in India, US, China, South East Asia and South America. The company has a combined experience of over 40 years.
Commenting on the partnership, Rajiv Shah, CEO of Meridian Polycorp Ltd, stated, “This collaboration marks a significant milestone in our commitment to driving sustainability and expanding the global recycled plastics supply chain. Partnering with Green India Polymers allows us to leverage our combined expertise in sourcing, logistics, and market expansion to meet the growing demand for high-quality PET flakes. With a shared vision for sustainability and innovation, we are confident that this partnership will create long-term value for our stakeholders while contributing to a circular economy. We look forward to a successful collaboration and the opportunities it will unlock in emerging markets.”
Rajiv Shah is a widely respected authority in the industry. He regularly offers market intelligence to several US and EU publications
This goal of this partnership is to foster responsible recycling practices, reducing plastic waste, and supporting vulnerable communities worldwide.
To address these global challenges, GIP and Meridian will work together to incentivize the collection of commercially recyclable plastics while discouraging non-recyclable waste. The initiative also emphasizes empowering women and girl children, particularly by assisting with their education and providing economic opportunities.
In Rajiv Shah’s words “Women are indeed the true nurturers of our society. Our collaboration will equip them with the necessary tools to realize their potential to help the new generations to come.”
Corporate Comm India (CCI Newswire)
