OUTER PLANET 46 PETplanet Insider Vol. 26 No. 01+02/25 www.petpla.net OUTER PLANET Plastic waste management platform in India Race Eco Chain In an era where sustainability is no longer an option but a necessity, Race Eco Chain aims to redefine the future of recycling. Standing for ‘Recycling and Circular Economy’, Race Eco Chain intends to bridge the critical gaps in the PET recycling ecosystem by connecting recyclers, suppliers, and producers, importers, and brand owners (PIBOs). The platform intends to empower stakeholders with end-to-end traceability, to streamline the waste supply chain, and to ensure recyclers receive consistent quality and tonnage. With a commitment to investing in suppliers’ growth, the platform supports capacity expansion through new machinery, infrastructure, and training while assisting them with Environmental, Social und Governance (ESG) compliance audits. An ESG value chain promotes sustainable practices, all while delivering an impressive ESG score of 58. Every year, Race Eco Chain recycles over 100.000 metric tons of PET bottles, supported by a robust network of 300+ suppliers and 80+ recyclers across India. By organising the unorganised waste industry, the platform is streamlining waste collection and management in a way that minimises waste and maximises resource efficiency. With collection centers spread across various districts, Race Eco Chain is managing waste and creating a roadmap for eco-conscious practices. At the heart of this movement is PET, a material celebrated for its recyclability but plagued by underutilisation. Despite its recyclable nature, PET faces significant hurdles. Global recycling rates for PET vary, and in some regions, less than half of PET waste is recycled. Contamination, inefficient collection systems, and limited market demand for recycled PET (rPET) create a cycle of inefficiency. The result? Poor-quality rPET that struggles to meet the requirements of high-value applications. This is where Race Eco Chain aims to step in, leveraging technology-driven solutions to address these challenges head-on. Its digital platform, Race App, acts as the connective tissue of the recycling ecosystem, enabling stakeholders to collaborate seamlessly and overcome these obstacles. The digital impact of Race App: Race App streamlines the collection, sorting, and recycling of PET waste, it brings structure and efficiency to a fragmented system. Enhanced collection systems: connecting waste suppliers with certified recyclers across India, ensuring that recyclable PET waste reaches the right facilities. Real-time tracking and transparency: Race App offers real-time tracking of PET waste, giving stakeholders detailed insights into their waste streams and helping them meet regulatory requirements such as Extended Producer Responsibility (EPR). Market access for recycled materials: A key challenge for recyclers is finding consistent demand for rPET. Race App creates a direct link between recyclers and industries seeking recycled materials, fostering a circular economy where resources are reintegrated into production. Technology-driven solutions: With features like automated data management, user-friendly interfaces, and actionable analytics, Race App optimises workflows, enabling stakeholders to make informed decisions that improve operational efficiency. Redefining innovation in recycling Race Eco Chain exemplifies how technology and collaboration can transform traditional industries. Its forward-thinking approach addresses the challenges of PET recycling and sets the stage for a sustainable, circular economy. By incorporating data-driven tools, the platform enhances efficiency and transparency, inspiring a new way of managing waste. A sustainable future for PET The PET industry is at a turning point, with the potential to lead the charge in the global fight against plastic waste. Platforms like Race Eco Chain demonstrate how technology and collective action can overcome systemic challenges, paving the way for a more efficient and transparent recycling ecosystem. Improved collection systems, market access, and cutting-edge digital solutions are just the beginning. To truly maximise its impact, the PET industry must embrace innovation and collaboration while engaging consumers in the journey toward sustainability. www.raceecochain.com
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