Black Gold Recycling, a Hyderabad-based circular economy startup, has acquired a majority stake in Reteck Envirotech, an Indian subsidiary of Hong Kong and US\u2013based Li Tong Group, dealing in reverse supply chain management and electronics lifecycle solutions.<\/p>\n
The acquisition strengthens Black Gold\u2019s mission of building a technology-driven and scalable circular economy platform in India, the company said in a statement.<\/p>\n
By combining Reteck\u2019s in-depth operational experience along with Black Gold\u2019s innovation-led recovery models, the partnership will expand sustainable recycling solutions for lithium-ion batteries, plastics, solar panels, and end-of-life electronics.<\/p>\n
As part of the acquisition, Pankaj Tirmanwar, CEO of Reteck Envirotech, will join Black Gold as Co-founder and Board Member, and play a key role in strengthening Black Gold\u2019s nationwide footprint.<\/p>\n
Speaking on the acquisition, Prabhu Ram, Founder and CEO of Black Gold Recycling, said, \u201cOur mission is to make sustainability scalable \u2014 by design, not by chance. This acquisition brings together Reteck\u2019s global operational expertise and our technology-led recovery platform to create a stronger, more responsible ecosystem for e-waste management in India.\u201d<\/p>\n
He further added, \u201cThe business of Black Gold is deeply aligned with the Critical Mineral Mission Plan of the Government of India, as we focus on recovering strategic materials from e-waste, batteries, and solar panels \u2014 ensuring that what leaves our hands re-enters the economy responsibly. We\u2019re investing in advanced processes for lithium-ion battery, plastic, and solar panel recycling, turning India\u2019s waste streams into sources of value, innovation, and circular growth.\u201d<\/p>\n
Linda Li, Chief Strategy Officer, Li Tong Group, added, \u201cReteck India has been an integral part of Li Tong Group\u2019s global network. We\u2019re pleased to transition our Indian business to Black Gold Recycling, whose local expertise, leadership, and sustainability focus align perfectly with our global vision. We look forward to continued collaboration as Black Gold scales Reteck India to new levels of innovation and compliance.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Black Gold Recycling, a Hyderabad-based circular economy startup, has acquired a majority stake in Reteck Envirotech, an Indian…\n","protected":false},"author":2,"featured_media":268904,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[1204,144205,28,22248,144200,192,144199,144203,144201,144202,144198,79,144204],"class_list":{"0":"post-268903","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-asia-pacific","9":"tag-battery-recycling-ecosystem","10":"tag-business","11":"tag-circular-economy","12":"tag-circular-energy-economy","13":"tag-environment","14":"tag-li-tong-group","15":"tag-linda-li","16":"tag-pankaj-tirmanwar","17":"tag-prabhu-ram","18":"tag-reteck-envirotech","19":"tag-science","20":"tag-solar-panel-recycling"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/268903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=268903"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/268903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/268904"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=268903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=268903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=268903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}