Lucro Plastecycle is a plastic waste management, material science and plastic recycling company. It is also a plastic packaging partner to leading brands and manufacturers in India as well as across the globe. A majority of their collection, recycling and design of recyclable packaging activities are focussed on post-consumer (PCR) flexible packaging- some of the most difficult to recycle plastics.
Over the last few years the company has transformed its relationship with partners across the value chain from a linear material supplier to a collaborative partner that co-creates circular economy solutions. Lucro is solving for the reduction of plastic waste, while also creating a positive impact on waste pickers. They collect waste from waste pickers, NGOs, aggregators, and brands Through integrating manual waste pickers at their local collection centres, Lucro also empowers them also by working closely with them maximises their earning potential.
Lucro’s flexible packaging solution made from their own recycled granules are about 4-7% cost effective compared to virgin plastic. Their lean supply chain ensures savings of energy & water through the implementation of various innovative steps. Their collaboration with SATMA CE, a web based software that also uses blockchain, enables them to provide an immutable chain of command of waste as it moves from its waste form to recycled plastic packaging; thereby tracking the circularity of waste.
