Recykal

Last updated

Recykal
Company typePrivate
IndustryWaste management, Recycling
Founded2016
FounderAbhay Deshpande
Number of locations
4 (Hyderabad, Mumbai, Pune, Bangalore)
Website www.recykal.com

Recykal is a digital technology company based in Hyderabad, Telangana, India, specializing in waste management and recycling. It was founded in 2016 by Abhay Deshpande, Abhishek Deshpande, Ekta Narain, Vikram Prabakar, and Anirudha Jalan. [1] [2] [3]      

Contents

History

In 2017, Recykal launched its marketplace platform to connect waste collection centers with recyclers. By 2018, the platform enabled the recycling of over 30,000 metric tons (33,000 short tons) of plastic waste across 25 states in India, preventing the waste from reaching landfills. [4] [5] [6]

In 2019, Recykal shifted towards a B2B model, providing services for brands to streamline their Extended Producer Responsibility (EPR) registration, compliance, and fulfillment processes. EPR mandates that producers are responsible for the entire lifecycle of their products, including disposal and recycling. [7] [8]  

By 2020, Recykal expanded its services to over 30 states and union territories in India, collecting and recycling over 200,000 metric tons (220,000 short tons) of waste by 2021. The company was honored with the 3R Award for Excellence in Waste Management. [9] In 2022, the company received the Digital India Award for implementing India's first digital deposit refund system (DRS) in Uttarakhand. [10] [11] [12] Recykal was also recognized with Tech4Good Awards. [13]  

The company was recognized as a Tech Pioneer by the World Economic Forum in 2022 [14] and was included in the Fortune Change the World 2023 list. [15] The Economic Times named Recykal India's No. 1 Growth Champion in 2023. [2] Google featured Recykal in a case study titled "CircularNet: How Recykal built Asia’s largest circular economy marketplace using Google AI" in 2023. [16]

By 2023, the company channelled over 1 million metric tons (1.1 million short tons) of waste and collaborated with over 620 brands, 675 recyclers, 12,000 businesses, and 5,000 service providers and aggregators. [17] Recykal prevented 12 billion plastic bottles, over 100,000 metric tons (110,000 short tons) of metal, and 90,000 metric tons (99,000 short tons) of paper and e-waste from reaching landfills. [18]

In 2024, Recykal was featured in the FT High-Growth Companies Asia-Pacific list and recognized as the Most Trusted Brand of 2024–25. [19] [20] It was named one of the Top 10 Climate Innovators by the Indo-Pacific Economic Framework for Prosperity. [21]

Samudra Manthan Initiative

Launched in December 2023, the Samudra Manthan initiative aimed at reducing plastic pollution in oceans. This initiative collects plastic waste within a 10-kilometre (6.2 mi) radius of the coastline and sends it for recycling. As of 2024, Samudra Manthan has collected 70,000 metric tons (77,000 short tons) of plastic from 207 districts in 19 states. [22] [12] [23]

Related Research Articles

<span class="mw-page-title-main">Recycling</span> Converting waste materials into new products

Recycling is the process of converting waste materials into new materials and objects. This concept often includes the recovery of energy from waste materials. The recyclability of a material depends on its ability to reacquire the properties it had in its original state. It is an alternative to "conventional" waste disposal that can save material and help lower greenhouse gas emissions. It can also prevent the waste of potentially useful materials and reduce the consumption of fresh raw materials, reducing energy use, air pollution and water pollution.

<span class="mw-page-title-main">Waste management</span> Activities and actions required to manage waste from its source to its final disposal

Waste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment, and disposal of waste, together with monitoring and regulation of the waste management process and waste-related laws, technologies, and economic mechanisms.

<span class="mw-page-title-main">Reverse vending machine</span> Machine for recycling bottles and cans

A reverse vending machine (RVM) is a machine that allows a person to insert a used or empty glass bottle, plastic bottle, or aluminum can in exchange for a reward. After inserting the recyclable item, it is then compacted, sorted, and analyzed according to the number of ounces, materials, and brand using the universal product code on the bottle or can. Once the item has been scanned and approved, it is then crushed and sorted into the proper storage space for the classified material. Upon processing the item, the machine rewards people with incentives, such as cash or coupons.

<span class="mw-page-title-main">Material efficiency</span>

Material efficiency is a description or metric ((Mp) (the ratio of material used to the supplied material)) which refers to decreasing the amount of a particular material needed to produce a specific product. Making a usable item out of thinner stock than a prior version increases the material efficiency of the manufacturing process. Material efficiency is associated with Green building and Energy conservation, as well as other ways of incorporating Renewable resources in the building process from start to finish.

<span class="mw-page-title-main">Glass recycling</span> Processing of turning glass waste into usable products

Glass recycling is the processing of waste glass into usable products. Glass that is crushed or imploded and ready to be remelted is called cullet. There are two types of cullet: internal and external. Internal cullet is composed of defective products detected and rejected by a quality control process during the industrial process of glass manufacturing, transition phases of product changes and production offcuts. External cullet is waste glass that has been collected or reprocessed with the purpose of recycling. External cullet is classified as waste. The word "cullet", when used in the context of end-of-waste, will always refer to external cullet.

<span class="mw-page-title-main">Electronic waste</span> Discarded electronic devices

Electronic waste describes discarded electrical or electronic devices. It is also commonly known as waste electrical and electronic equipment (WEEE) or end-of-life (EOL) electronics. Used electronics which are destined for refurbishment, reuse, resale, salvage recycling through material recovery, or disposal are also considered e-waste. Informal processing of e-waste in developing countries can lead to adverse human health effects and environmental pollution. The growing consumption of electronic goods due to the Digital Revolution and innovations in science and technology, such as bitcoin, has led to a global e-waste problem and hazard. The rapid exponential increase of e-waste is due to frequent new model releases and unnecessary purchases of electrical and electronic equipment (EEE), short innovation cycles and low recycling rates, and a drop in the average life span of computers.

<span class="mw-page-title-main">Reuse</span> Using something again

Reuse is the action or practice of using an item, whether for its original purpose or to fulfill a different function. It should be distinguished from recycling, which is the breaking down of used items to make raw materials for the manufacture of new products. Reuse—by taking, but not reprocessing, previously used items—helps save time, money, energy and resources. In broader economic terms, it can make quality products available to people and organizations with limited means, while generating jobs and business activity that contribute to the economy.

<span class="mw-page-title-main">Aluminium recycling</span> Reuse of scrap aluminium

Aluminium recycling is the process in which secondary commercial aluminium is created from scrap or other forms of end-of-life or otherwise unusable aluminium. It involves re-melting the metal, which is cheaper and more energy-efficient than the production of virgin aluminium by electrolysis of alumina (Al2O3) refined from raw bauxite by use of the Bayer and Hall–Héroult processes.

<span class="mw-page-title-main">Upcycling</span> Recycling waste into products of higher quality

Upcycling, also known as creative reuse, is the process of transforming by-products, waste materials, useless, or unwanted products into new materials or products perceived to be of greater quality, such as artistic value or environmental value.

Borealis AG is an Austrian plastics manufacturer. As the second largest producer of polyolefins in Europe, it is one of the market leaders in the petrochemicals industry.

<span class="mw-page-title-main">Sims Metal Management</span> Global environmental services conglomerate

Sims Limited (formerly Sims Metal Management Limited) is a global environmental services conglomerate, operating through a number of divisions, with a focus on: (a) Ferrous and Non-ferrous metal recycling, (b) enterprise data destruction and cloud asset management (c) post-consumer electronic goods recycling and reuse, (d) municipal waste recycling, (e) gas to energy, and (f) waste to energy. Founded in 1917, its primary operations are located in the United States, Australia and the UK.

Agricultural waste are plant residues from agriculture. These waste streams originate from arable land and horticulture. Agricultural waste are all parts of crops that are not used for human or animal food. Crop residues consist mainly of stems, branchs, and leaves. It is estimated that, on average, 80% of the plant of such crops consists of agricultural waste.

Products made from a variety of materials can be recycled using a number of processes.

<span class="mw-page-title-main">Circular economy</span> Production model to minimise wastage and emissions

A circular economy is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible. The concept aims to tackle global challenges such as climate change, biodiversity loss, waste, and pollution by emphasizing the design-based implementation of the three base principles of the model. The main three principles required for the transformation to a circular economy are: designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. CE is defined in contradistinction to the traditional linear economy.

<span class="mw-page-title-main">Plastic pollution</span> Accumulation of plastic in natural ecosystems

Plastic pollution is the accumulation of plastic objects and particles in the Earth's environment that adversely affects humans, wildlife and their habitat. Plastics that act as pollutants are categorized by size into micro-, meso-, or macro debris. Plastics are inexpensive and durable, making them very adaptable for different uses; as a result, manufacturers choose to use plastic over other materials. However, the chemical structure of most plastics renders them resistant to many natural processes of degradation and as a result they are slow to degrade. Together, these two factors allow large volumes of plastic to enter the environment as mismanaged waste which persists in the ecosystem and travels throughout food webs.

<span class="mw-page-title-main">MBA Polymers</span>

MBA Polymers is a recycling company with operations globally that recovers plastics from waste electrical and electronic equipment (WEEE) and auto-shredder residue from end-of-life automobiles (ELV).

A take-back system or simply takeback is one of the primary channels of waste collection, especially for e-waste, besides municipal sites. Take-back is the idea that manufacturers and sellers "take back" the products that are at the end of their lives. Take-back is aimed to reduce a business' environmental impacts on the earth and also increase efficiency and lower costs for their business models. "Take-back regulations have targeted a wide array of products including packaging, batteries, automobiles, and electronics", and economic value can be found from recycling or re-manufacturing such products. "The programs benefit municipalities by lowering their overall waste disposal costs and reducing the burden on landfill sites". Although for certain companies, the take-back system is mandatory under legislation, many do it voluntarily.

<span class="mw-page-title-main">Packaging waste</span> Post-use container and packing refuse

Packaging waste, the part of the waste that consists of packaging and packaging material, is a major part of the total global waste, and the major part of the packaging waste consists of single-use plastic food packaging, a hallmark of throwaway culture. Notable examples for which the need for regulation was recognized early, are "containers of liquids for human consumption", i.e. plastic bottles and the like. In Europe, the Germans top the list of packaging waste producers with more than 220 kilos of packaging per capita.

China's waste import ban, instated at the end of 2017, prevented foreign inflows of waste products. Starting in early 2018, the government of China, under Operation National Sword, banned the import of several types of waste, including plastics with a contamination level of above 0.05 percent. The ban has greatly affected recycling industries worldwide, as China had been the world's largest importer of waste plastics and processed hard-to-recycle plastics for other countries, especially in the West.

<span class="mw-page-title-main">Closed-loop box reuse</span> Business practice

Closed Loop Box Reuse, is the process by which boxes or other containers are reused many times. It is a form of reusable packaging.

References

  1. ↑ "Recykal raises ₹110 cr in funding". The Times of India. 12 April 2024. ISSN   0971-8257. Archived from the original on 7 August 2024. Retrieved 20 September 2024.
  2. 1 2 Sharma, Richa; Prasad, Shishir. "Finding riches in rags: A Hyderabad startup is digitising kabadiwallas. Coca-Cola et al. swear by it". The Economic Times. ISSN   0013-0389. Archived from the original on 7 August 2024. Retrieved 20 September 2024.
  3. ↑ Khan, Shariq (9 March 2020). "Recykal: Making money from India's huge waste problem". The Economic Times. ISSN   0013-0389. Archived from the original on 7 August 2024. Retrieved 20 September 2024.
  4. ↑ "Digital Platform Recykal: Tapping Opportunities in Waste Management". The Case Centre. Retrieved 20 September 2024.
  5. ↑ "Funding Rundown: Rupeek raises $34 mn From Lightbox, says report, Recykal bags $22 mn from Morgan Stanley, IppoPay gets $2.1 mn in seed round & OneDios raises $1.2 mn - CNBC TV18". CNBCTV18. 11 January 2022. Retrieved 20 September 2024.
  6. ↑ Nokia 2.2: रीसाइकल करना. www.hmd.com. Retrieved 20 September 2024.
  7. ↑ Bhadra, Utsav; Mishra, Prajna Paramita (1 December 2021). "Extended Producer Responsibility in India: Evidence from Recykal, Hyderabad". Journal of Urban Management. 10 (4): 430–439. doi:10.1016/j.jum.2021.07.003. hdl: 10419/271442 . ISSN   2226-5856.
  8. ↑ "Recykal Aims To Build Self-sustaining Circular Economy In India". BW Disrupt. Archived from the original on 20 September 2024. Retrieved 20 September 2024.
  9. ↑ जानिए पर्यावरण के लिए क्यों जरूरी है बैटरी रीसाइकल. CarDekho (in Hindi). Retrieved 20 September 2024.
  10. ↑ "'Digital Deposit Refund System' aimed to reduce plastic littering along Kedarnath trek gets Digital India Award". Government. Economic Times. Retrieved 20 September 2024.
  11. ↑ Goyal, Raghav (7 April 2023). "Swachh Kedarnath: Will this IAS officer's target to eliminate 100 tons of trash come true?". Indian Masterminds. Retrieved 20 September 2024.
  12. 1 2 "This App Fights Ocean Plastic Pollution and Helps Lift Refuse Collectors Out of Poverty". www.triplepundit.com. Archived from the original on 7 August 2024. Retrieved 20 September 2024.
  13. ↑ "Sustainability Award Archives". Tech4Good Awards. Retrieved 20 September 2024.
  14. ↑ "Recykal on World Economic Forum Tech Pioneer list". The Hindu. 10 May 2022. ISSN   0971-751X . Retrieved 20 September 2024.
  15. ↑ "Recykal". Fortune. Archived from the original on 7 August 2024. Retrieved 20 September 2024.
  16. ↑ "CircularNet: How Recykal built Asia's largest circular economy marketplace using Google AI". Sustainability. Archived from the original on 17 September 2024. Retrieved 20 September 2024.
  17. ↑ अपने रीसाइक्लिंग के सामानों को खुला ही बिन में डालें किसी प्लास्टिक की थैली में भरकर नहीं. Sustainability Victoria (in Hindi). Retrieved 20 September 2024.
  18. ↑ "How Recykal Is Cleaning Up The Mess". Forbes India. Retrieved 20 September 2024.
  19. ↑ Kilby, Nathalie (15 March 2023). "FT ranking: High-Growth Companies Asia-Pacific 2023". www.ft.com. Retrieved 20 September 2024.
  20. ↑ Mukherjee, Vasudha (22 March 2024). "71 Indian companies on FT's Asia Pacific top 500 high-growth list". Archived from the original on 20 September 2024. Retrieved 20 September 2024.
  21. ↑ "India participates in Indo-Pacific Economic Framework for Prosperity Clean Economy Investor Forum". Government. Economic Times. Archived from the original on 20 September 2024. Retrieved 20 September 2024.
  22. ↑ "Recykal Aims To Build Self-sustaining Circular Economy In India". BW Disrupt. Archived from the original on 20 September 2024. Retrieved 20 September 2024.
  23. ↑ "Proper Infra, Regulatory Support Can Engage More Players In Recycling Initiatives: Recykal Co-Founder". BW Disrupt. Archived from the original on 20 September 2024. Retrieved 20 September 2024.
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