Re Sustainability Limited, formerly Ramky Enviro, a KKR-backed company, a leading provider of comprehensive environment management services, has announced plans to support idea in waste management, recycling and circular economy ideas that have the potential to bring about transformative change.
The company seeks to provide a platform for individuals or organizations who have innovative ideas, technologies, concepts, or business models that can create sustainability impact at scale. The initiative seeks entries from around the world across 5 categories within a 30-day window.
Ideas will then be scrutinized and shortlisted by an Innovation Council made up of sustainability thought leaders and business leaders. The selected ideas will receive a financial support up to INR 5 crores and a customized incubation program including 1:1 mentoring, technology validation, go-to-market support, and where relevant, a longer-term partnership opportunity with the company.
Initial entries, in the form of a brief description of the idea, its impact potential and scalability, have to be mailed to firstname.lastname@example.org on or before 05 July 2022. The relevant innovation themes include:
- Waste Segregation & Treatment Technologies.
- Recycling & Resource Recovery Technologies.
- Social Inclusion & Community Engagement towards Circular Economy.
- Fuels and Energy from Waste.
- New Circular Economy and Decarbonization Business Models.
Following the first round of screening in July, up to 25 shortlisted entries will receive guidance and support from the Company towards second-level submissions and further detailing of the ideas. Up to five finally selected ideas will be taken through a structured “Innovation Funnel” approach, from Proof of Concept/ Pilot Scale onwards, eventually towards full-scale implementation.
The company also announced new partnerships — with Uflex, a leading global packaging company towards recycling of Multi-Layer Plastics (MLP); with Iris-Mec, a leading European recycling technology company for its pan-India network of ELV recycling facilities.
The company also announced that it will be shortly commissioning India’s most advanced and fully integrated refinery for E-waste & Li-Ion battery recycling. This recycling plant has been built in Hyderabad in partnership with Reldan, a global leader in e-waste and precious metals recycling.
RE Sustainability offers a whole gamut of environmental services and infrastructure solutions under various categories such as Waste Management – hazardous, municipal, and biomedical, MARPOL, construction waste & e-waste; Waste to Energy; Recycling – wastewater, paper, plastic, and integrated waste; Environmental Solutions such as remediation, ETPs and wastewater treatment; automated car park management and Facilities Management.
Re Sustainability has a growing global footprint, including over 85 operating locations spread across India, Singapore, UAE, Qatar, Saudi Arabia, Kuwait, Oman, Tanzania and USA. With over 25 years of operational history, RE has a dominant presence across the entire waste value chain and has been a long-standing partner in the environmental solutions space to its customers.