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ENVIRONMENTAL SERVICES & EQUIPMENT | Recycling
banyannation.com

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Founded Year

2013

Stage

Series A | Alive

Total Raised

$800K

About Banyan Nation

Banyan Nation focuses on plastics and offers free, on-demand and recurable recycling pickup for SMEs, townships and apartment complexes. It also has integrated common startup strategies like a reward program, back-end analytics and performance indicators.

Banyan Nation Headquarter Location

Hyderabad,

India

Latest Banyan Nation News

HUL moves to recyclable bottles for Surf Excel Matic Liquid

Sep 14, 2021

2 min read . Updated: 14 Sep 2021, 05:11 PM IST Livemint HUL partnered with Banyan Nation to innovate and create bottles that are less dependent on virgin plastic thereby reducing the net plastic generated NEW DELHI : Packaged consumer goods company Hindustan Unilever Ltd. on Tuesday said its popular detergent brand Surf Excel has transitioned to recyclable bottles made from 50% post-consumer recycled plastic while using 100% biodegradable actives in its formulation. The shift is applicable to the brand’s Surf Excel Matic Liquid bottle variant that was launched in 2016. “Over time the business grew and so did its plastic footprint. To live by the clean future principles of the organisation, HUL partnered with Banyan Nation to innovate and create bottles that are less dependent on virgin plastic thereby reducing the net plastic generated," the company said in a release on Tuesday. By the end of this year, the brand will cross an annual consumption of 900 tonnes of recycled plastic, it said. Several studies have increasingly pointed to a consumer shift towards more sustainable brands. Companies are hence increasingly moving to sustainable packaging and sourcing. Plastic waste continues to remain a large area of concern for companies. “All innovations have a scorecard on various parameters and its positive impact on our clean future agenda is a key criterion to meet for it to move ahead in the organisation’s innovation funnel" Sanjiv Mehta, chairman and managing director of Hindustan Unilever, said. “If we don’t set higher standards for ourselves, we will not be able to meet the needs of the future generations. We take great pride in innovating to meet the consumers’ needs, some of these aren’t critical for the present but are key for the future. This innovation is yet another step in that direction," he said. In July, HUL set up an in-store vending machine for its home care products that allow customers to refill bottles of Surf Excel, Comfort and Vim as the packaged consumer goods company seeks to lower plastic usage across the board. The first such machine was installed at the Reliance Smart Acme Mall in Mumbai as a pilot. Meanwhile, Mani Kishore Vajipeyajula, CEO and co-founder of Banyan Nation said it is ensuring that the use of safe and high-quality recycled plastic becomes the norm in mainstream consumer products and packaging. “HUL's alignment with our mission and unwavering commitment to sustainability has resulted in over 100 million bottles being made from Banyan Nation’s recycled granules and made available to consumers across India," Vajipeyajula said. Subscribe to Mint Newsletters

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