Closing India’s plastic loop, at industrial scale.
Greenwave Circularity is building a food-grade PET recycling facility in Odisha and returning post-consumer plastic to the products it came from.
Indicative design render
The context
India consumes plastic faster than it can recover it.
India generates roughly 26,000 tonnes of solid waste every day. Around 40% of it is never collected. Meanwhile national demand for recycled content is rising sharply, driven by regulation, brand commitments and consumer expectation. The gap between what India discards and what it can return to use is the largest single opportunity in the country’s materials economy.
26,000 tonnes
solid waste generated in India every day
~40%
never formally collected
9.8%
CAGR of India's plastic recycling market to 2032
The facility
A fully integrated recycling facility in Odisha.
Food-grade rPET
Post-consumer bottles converted to flakes, resin and preforms, produced to food-contact standard.
Recycled polyolefins
7,000 MTPA of rPP and rHDPE, extending circular supply into packaging, automotive and construction.
Built for the lowest footprint in its class
Zero liquid discharge with over 90% of water reprocessed at full operational capacity across three development phases, minimal chemical use, rooftop solar and heat recovery.
The loop
From bottle to bottle, designed to begin again.
- 01
Collection
Bottles recovered through India's waste collection network
- 02
Sorting
Aggregation and grading at material recovery facilities
- 03
Recycling
Washing, flaking and polymerisation into food-grade resin
- 04
Preform
Resin converted into preforms for bottling
- 05
Return to use
Filled, sold, and recovered again
The same material, returned to the same use, again and again.
Impact
Measured in material, carbon and livelihoods.
Figures represent full operational capacity across three development phases.
- 10 billion
- post-consumer bottles recovered annually at full scale
- ~75%
- lower carbon footprint than virgin PET
- 1,000
- direct and indirect formal jobs across operations, maintenance, logistics and downstream value chains
- 140,000+
- informal waste workers whose income streams are formalised
The people
An industry for work that already exists.
India’s recycling economy already runs on hundreds of thousands of collectors, sorters and aggregators who work without contracts, without protection and without record. Greenwave’s supply chain brings that work into a documented and audited system with traceable material, formal income, and recognised employment. Our social impact programme is implemented in partnership with Ecoloom Greentech.
Partnership
Financed to international standards.
Greenwave Circularity is financed by OeEB, the Development Bank of Austria, under a guarantee of the European Union. Development finance of this kind is directed at projects that are strategically important before they are commercially proven. This is capital that arrives ahead of conventional lending.
OeEB
Development Bank of Austria; project finance guaranteed by the European Union
Moon Beverages
Captive offtake partner, India's third-largest Coca-Cola bottling group
Jainarain Fabtech
Feedstock sourcing partner, nine years in PET recycling
Institutional backing
Financing and institutional partners.
OeEB
European Union
EU Global Gateway
EDFI
Standards
Target certifications and compliance frameworks.
Greenwave intends to build and operate against internationally recognised environmental, safety, quality and food-contact frameworks.
All marks shown are targets. Greenwave is not currently certified under these frameworks.
Construction and management
LEED Silver/Gold
IFC Performance Standards
ISO 9001
ISO 14001
ISO 45001
ISO 22000
Operations and product
FSSAI
Global Recycled Standard
US FDA food-contact
EFSA
EN 15343
RecyClass
REACH
SMETA 4-Pillar
Operational certifications are targeted within 3–9 months of commercial production.
Sustainable Development Goals
Aligned to thirteen Sustainable Development Goals.
The facility connects circular production and resource efficiency with formal livelihoods, safer work and international partnership, linking industrial infrastructure to wider social and environmental outcomes.
Progress
Khordha, Odisha.
The site is secured and demarcated. Ground plotting is complete and construction is underway.
