HUL Acquires 14.3% Stake in Lucro Plastecycle to Strengthen Plastic Recycling Efforts

has approved an investment to acquire a 14.3% stake in Lucro Plastecycle Private Limited, a key player in recycled flexible plastics. Lucro focuses on waste management, recycling, and product manufacturing, promoting a circular plastics economy. This investment aims to enhance plastic circularity by scaling up the use of recycled flexible content in packaging, supporting India's zero plastic waste vision. HUL CEO Rohit Jawa emphasized that this step aligns with the company’s commitment to sustainability and circular economy development. Meanwhile, Lucro MD Ujwal Desai highlighted that the partnership would boost recycling capacity and accelerate the commercial adoption of post-consumer resin, setting new industry benchmarks for sustainable plastics. Follow me for more such updates, Thank You!