Ever since Prime Minister Narendra Modi called out against the use of single-use plastics (SUPs) in his 73rd Independence Day speech, stakeholders have been holding their breath waiting for the other shoe to drop.
Approximately 25,940 tonnes per day (TPD) of plastic waste is generated in India, according to the Central Pollution Control Board’s (CPCB) 2015 report on assessment and quantification of plastics waste generation in major cities. Of this, around 15,600 TPD (60 per cent) gets recycled, still leaving behind nearly 10,000 tonnes of it.
Additionally, plastic packaging consumption in India is about 4.3 kilogramme per capita and the industry uses about 45 per cent of its total plastic demand to create products that are consumed and discarded within just a few minutes of its first use.
Biome Technologies plc is a growth oriented, commercially driven technology group. The Group’s primary activity is the development of its fast growing business in bioplastics. The Group comprises two divisions: Biome Bioplastics and Stanelco RF Technologies.