Race Ecochain, has been instrumental in shaping the landscape of waste management in India since its establishment. Founded by Sunil Kumar Malik, the company specializes in the trading of post-consumer PET bottles and biomass briquettes, as well as the export of various recycled products, including bags, curtains, and bedsheets.
Race Ecochain is recognized for its commitment to enhancing the efficiency of the waste management sector. The company operates a comprehensive network of waste suppliers across India, working to organize and streamline the traditionally unregulated waste industry. With dedicated regional collection centers, Race Ecochain is making strides in ensuring responsible and effective recycling practices.
The company is also leading initiatives to promote a circular economy, which aims to minimize waste and reduce market volatility. By focusing on sustainability, Race Ecochain provides stakeholders with more stable and profitable options within the waste management value chain. A significant aspect of this initiative is the introduction of the RACE app, designed to digitize the supply chain and improve transparency and operational efficiency.
In addition to its operational innovations, Race Ecochain prioritizes Environmental, Social, and Governance (ESG) factors. The company’s focus on creating an ESG-compliant supply chain for waste procurement highlights its dedication to responsible business practices and sustainable development.
Community involvement is another critical element of Race Ecochain’s operations. The company recently hosted India’s first talent recognition event for waste suppliers, titled ‘Udaan,’ which aims to raise awareness and encourage participation in waste management initiatives across the country.
The company is also involved in the production of biomass briquettes and recycled products, reflecting its commitment to sustainability and high-quality recycling practices. Race Ecochain’s efforts align with a growing recognition of the potential within the waste-to-energy and waste management market in India, which is expected to reach $14 billion by 2025. As the population continues to grow, the urgency for innovative waste management solutions becomes increasingly important.
Race Ecochain’s operations extend across many states in India, and the company has built a substantial network of over 500 suppliers. This growing network enables Race Ecochain to serve numerous recycling organizations, further establishing its position in the industry.
