Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 Company, Oil Marketing Companies, has announced that they have recycled 250 MT waste plastic to build 27,000 SQM road using the novel Waste Plastic Road (WPR) Process developed by its Corporate Research & Development Centre (CRDC). This initiative is one of the milestones to reduce any adverse impact on the environment and preventing its entry into the food chain.
In addition, this initiative is expected to help the organization meet their "Net Zero" emission targets & also helps in making the "Swachh Bharat Mission" a grand success.
BPCL firmly believes that the scale up of this initiative, across the nation's road building infrastructure mission, will not only address the issue of waste plastic management, but also further reduce GHG emissions and boosts Circular Economy.
To take this initiative forward, BPCL has recently ventured into using WPR process of road making in one of its new Fuel Station, at Patan Sai near Mumbai, Maharashtra with scale up in near future.
Depending on the site conditions, approx. 50,000 Kg of waste plastic/km is utilized for a 6-meter-wide road. By usage of WPR process, BPCL has developed road stretches across six states covering an area of about 27,032 SQM by utilization of 250 MT of mixed waste plastic. As per the Life Cycle Assessment of Plastic packaging products conducted by CPCB, around 3 MT of GHG emission reduction is achieved by diversion of 1 MT of plastic waste going for incineration.
The key feature of this process is that no segregation amongst different types of Plastic waste is required which leads to reduction of labour engagement and reduces health issues due to manual plastic waste segregation.
Shares of Bharat Petroleum Corporation Limited was last trading in BSE at Rs. 324.45 as compared to the previous close of Rs. 320.90. The total number of shares traded during the day was 139266 in over 2813 trades.
The stock hit an intraday high of Rs. 326.20 and intraday low of 316.50. The net turnover during the day was Rs. 45016020.00.