Lucro is a waste management, recycling and product manufacturing company, working to create a circular plastics economy and fits in line with the government’s vision of a zero plastic waste future, HUL said.
“This investment is a significant step in building the capabilities in recycling and developing the circular economy model for plastic, which is in line with our firm belief that what is good for India is good for HUL,” HUL CMD Rohit Jawa said.
“”At Lucro, we turn the challenge of recycling post-consumer flexible plastics into an opportunity to create high-quality, recycled plastics while driving the circular economy. This investment by HUL paves the way for increasing our recycling capacity, driving large-scale commercial adoption of post-consumer resin and setting a new benchmark for sustainable plastics,” said Ujwal Desai, MD of Lucro.
