Dow and Lucro to launch PCR polyethylene film solution in India
Dow (NYSE: DOW) and Lucro Plastecycle, a homegrown Indian recycling company, have signed a memorandum of understanding (MoU) to develop and launch polyethylene (PE) film solutions using post-consumer recycled (PCR) plastics in India. This agreement introduces a close-the-loop packaging solution to help enable a circular economy in India and expands Dow’s plastics circularity portfolio in the Asia Pacific region.
This collaboration is aligned with Dow’s new sustainability target of stopping the waste by collecting 1 MMT of plastics to be collected, reused or recycled by 2030. Under the MoU, Dow will provide its material science and application development expertise to Lucro, a specialist in recycling flexible plastic film waste, who will develop and manufacture the film structures. These film structures are made by processing plastic waste collected through various recycled streams in combination with Dow’s virgin resins. This approach could also reduce carbon emissions when compared to virgin PE resins and as a result could contribute to helping converters and brands to meet their sustainability goals. The first application of the product is in collation shrink films, a form of secondary packaging commonly used for bottles, cans, and liquid cartons, and is expected to be available in the India market later this year.
Lucro’s trademark Plast-E-Cycle™ process, which converts plastic waste into granules for recyclable and compostable products, helps to solve a fundamental challenge in India – the complexity of recycling flexible plastic waste. This specialty made the company the first in India to be backed by Circulate Capital’s Ocean Fund (CCOF), a Singapore-based investment fund dedicated to preventing plastic waste entering the ocean and advancing the circular economy in South and Southeast Asia. With Circulate Capital’s support, Lucro will further grow and scale its business and step up post-consumer plastic sourcing with new collection centres.
Under the MoU, Dow will utilize its industry leading team of packaging experts, material scientists, recycling equipment, blown film manufacturing and testing capabilities at Pack Studios Shanghai and Mumbai to help Lucro develop recycled film. Following the initial application in collation shrink films, the partners will explore additional applications including shipping sacks, e-commerce bags and non-food packaging.