Green Elephant Group has signed a long term waste management and development contract with MBA Polymers Inc, a US-based worldwide pioneer and leading producer of post-consumer plastics. MBA Polymers Inc founded a fully owned subsidiary in India in order to develop a waste management and post-consumer plastic production unit.
The new MBA Polymers plant shall utilise up to 100.000 mt of electronic and automotive plastic waste in order to produce post consumer plastic for the booming Indian and Asian market. MBA Polymers is targeting to service new Indian customers and its international customer from 2019 onwards. MBA Polymers Inc has appointed Mr Piyush Bhamare and Dev Bim (Hansel) Scherz as the Technical and Commercial General Manger. MBA Polymers Inc has been acquired in June 2017 completely by Elephant Equity, Germany and is part of Elephant Equity’s innovative recycling activities.