Corporate News     10-Apr-24
Novoloop along with Aether commissions its pilot plant in India
Aimed at recycling plastic waste

Novoloop, a leading plastic circular economy technology company, announced the successful startup of its pilot plant in India. In collaboration with Aether Industries, the pilot plant's ground breaking in Surat was announced in January 2024. Construction was completed in March 2024 with astounding speed. The pilot plant has now passed equipment testing and solvent runs, and has achieved continuous operations with the usage of commercially-representative waste feedstock.

This milestone marks the successful transition from batch reactions to an integrated and automated plant that validates Novoloop's first-of-a-kind Lifecyclingâ„¢ technology. Novoloop's Lifecyclingâ„¢ process transforms post-consumer polyethylene plastic waste into virgin-quality monomers for performance materials at a carbon footprint reduction of up to 91% when compared to the conventional process of producing adipic acid.

Novoloop is a mission-driven company focused on creating scalable solutions for the hardest-to-recycle plastics. In recognition of the company's potential for world-scale environmental impact, this pilot scaleup has received the support of Rolex as part of its Perpetual Planet Initiative.

The primary objectives of the pilot plant are to demonstrate the safe and reliable operations of the integrated process, validate key equipment performance in an industrial environment, and achieve production of high purity products. The facility also provides a platform for training personnel and developing protocols for commercial operations. The plant will produce ton-scale samples to enable off-take commitments with early customers.

Aether's operational expertise is a strong asset and instills confidence in the potential for larger scale collaborations between the companies in the future. Novoloop's plans to expand the pilot capacity to the full 70 metric tons per year demonstration plant scale are already underway.

Previous News
  Aether Industries consolidated net profit rises 34.85% in the September 2023 quarter
 ( Results - Announcements 31-Oct-23   16:57 )
  Aether Industries receives affirmation in credit ratings from ICRA
 ( Corporate News - 12-Apr-24   11:26 )
  Aether Industries to table results
 ( Corporate News - 03-Jan-23   12:55 )
  Aether Industries standalone net profit rises 13.77% in the March 2022 quarter
 ( Results - Announcements 16-Jun-22   17:26 )
  Aether Industries grants 40,564 stock options under ESOS
 ( Corporate News - 21-Nov-22   12:19 )
  Aether Industries standalone net profit declines 5.29% in the June 2022 quarter
 ( Results - Announcements 25-Jul-22   15:22 )
  Aether Industries signs a long term master supply agreement with Polaroid
 ( Corporate News - 22-Nov-22   17:11 )
  Aether Industries allots 28,048 equity shares under ESOS
 ( Corporate News - 21-Nov-22   08:13 )
  Aether Industries executes LoI with Saudi Aramco Technologies Company
 ( Corporate News - 29-Mar-23   16:52 )
  Aether Industries schedules board meeting
 ( Corporate News - 16-Jan-24   17:14 )
  Aether Industries executes LoI with Saudi Aramco Technologies Company
 ( Corporate News - 03-Apr-23   13:00 )
Other Stories
  Vardhan Capital & Finance schedules AGM
  06-Jul-24   17:34
  Automotive Axles schedules AGM
  06-Jul-24   17:34
  Maruti Infrastructure to conduct AGM
  06-Jul-24   17:34
  Torrent Power schedules AGM
  06-Jul-24   17:34
  Raghav Productivity Enhancers to hold AGM
  06-Jul-24   17:34
  Berger Paints India schedules AGM
  06-Jul-24   17:33
  Walpar Nutritions to conduct AGM
  06-Jul-24   17:33
  Weizmann AGM scheduled
  06-Jul-24   17:33
  Gretex Industries schedules AGM
  06-Jul-24   17:33
  Karma Energy schedules AGM
  06-Jul-24   17:33
Back Top