M/S POLYGENTA TECHNOLOGIES LIMITED Information

Polygenta Technologies Limited (PTL) is a leading manufacturer of Polyester Filament Yarn (PFY) using post-consumer PET bottles (i.e. a high-grade polyester) as its feedstock. Polygenta’s plant located in Nashik (Maharashtra, India) converts 1.5 million bottles per day to produce roughly 10,000 MTs per annum of sustainable premium PFY. Company achieve this with its proprietary “ReNEW” chemical process. PTL focuses on four products: high quality textile DTY, POY and chips and the sale of recycled ester to 3rd party polyester plants. ReNEW applies sophisticated chemical processes and controls – comparable to those used in high-end refining to generate high-purity feed stocks PTA and MEG – to an environmentally preferred feedstock (i.e. polyester PET bottles saved from landfills rather than crude oil, with its higher environmental impact). It is a BSE listed company and is financially-backed by Aloe Group, a global leader in sustainability investments (also backed by the IFC – the World Bank’s International Finance Corporation, Swedfund, Finnfund, and France’s Proparco). Other investors include Oman Oil Corporation (i.e. Government of Sultanate of Oman), FNI (a German Family Office) and Ventureast (Indian Venture Fund).The Promoter of the company viz. PerPETual Global Technologies Limited (‘PGTL’) – PTL is been certified by IMS (ISO 9001, ISO 14001 and OHSAS 18001), OEKO-Tex Standard 100 (Class II) and GRS (Global Recycling Standard). Polygenta focuses on four products: high quality textile DTY, POY and chips and the sale of recycled ester to 3rd party polyester plants. At PTL Sustainability is at the heart of the business, a company that uses its re-processing of these bottles and converts to highly sustainable PFY. In coming years Polygenta has a considerable expansion plan with new glycolysis unit and seek for more and cheaper sources of polyester waste like “textile-to-textile” recycling.