Dynamic Industry Corp introduces solar panel recycling solutions for Indian market

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In sync with India’s sustainability goals, recycling technology company Dynamic Industry Corp. has announced solar panel recycling solutions for the Indian market. Leveraging its patented pre-processing technology, the company aims to address India’s mounting solar waste issue, which is expected to reach 595,000 tons by 2050. This move provides a solution for the lack of current infrastructure for solar panel recycling. Dynamic Industry Corp. is part of the K-Startup Centre (KSC) 2024 cohort, run by The Circle: Founders Club (FC) in India, part of a global initiative aimed at helping South Korean startups explore opportunities in the Indian market. Supported by the Korea Institute of Startups & Entrepreneurship Development (KISED), this program benefits startups from diverse sectors through mentoring, business connections, networking events, and local market insights to support cross-border innovation.

As India continues its rapid growth in solar energy production, the need for sustainable management of solar panel waste is becoming a priority. Dynamic Industry Corp’s recycling technology enables the extraction of valuable materials from used solar panels, offering a circular solution that turns waste into reusable resources. The company’s strategy involves setting up local recycling stations and building a national supply chain for solar panel collection and reclamation, effectively laying the foundation for an eco-friendly solar waste management industry in India.

Dynamic Industry Corp. plans to establish two recycling stations, one each in northern and southern India, and create a localized sales channel to distribute reclaimed metals and other materials derived from the recycling process. This initiative supports India’s transition toward a low-carbon economy, as the recycling process reduces approximately 4.77 tons of CO2 emissions per ton of solar panels processed. Certified by the Ministry of Trade, Industry, and Energy, this process is the first in the industry to achieve carbon-neutral standards in solar recycling, demonstrating Dynamic Industry Corp.’s commitment to sustainable practices.

“India represents a unique and strategic market for us due to its exponential growth in solar power generation and the subsequent waste challenge that follows. Our recycling technology offers an effective solution to this growing issue, helping reduce the carbon footprint associated with solar panel waste,” said Hyonsoo Kim, CEO of Dynamic Industry Corp. “We are dedicated to providing a complete recycling solution, from supply chain management to end-to-end recycling, that aligns with India’s environmental priorities.”


The company is working to establish key accreditations and engage with local authorities to ensure compliance with Indian regulations on waste management and recycling. Initial plans include exploring Rajasthan and Uttar Pradesh as potential locations for its state-of-the-art recycling plants.To ensure product-market fit, Dynamic Industry Corp. is building a team of local experts to oversee operations, manage supply chains and drive customer acquisition across India. By adapting its operations to the specific needs of the Indian market, the company aims to address logistical challenges and enhance customer engagement.

Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.



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Dynamic Industry Corp introduces solar panel recycling solutions for Indian market



In sync with India’s sustainability goals, recycling technology company Dynamic Industry Corp. has announced solar panel recycling solutions for the Indian market. Leveraging its patented pre-processing technology, the company aims to address India’s mounting solar waste issue, which is expected to reach 595,000 tons by 2050. This move provides a solution for the lack of current infrastructure for solar panel recycling. Dynamic Industry Corp. is part of the K-Startup Centre (KSC) 2024 cohort, run by The Circle: Founders Club (FC) in India, part of a global initiative aimed at helping South Korean startups explore opportunities in the Indian market. Supported by the Korea Institute of Startups & Entrepreneurship Development (KISED), this program benefits startups from diverse sectors through mentoring, business connections, networking events, and local market insights to support cross-border innovation.

As India continues its rapid growth in solar energy production, the need for sustainable management of solar panel waste is becoming a priority. Dynamic Industry Corp’s recycling technology enables the extraction of valuable materials from used solar panels, offering a circular solution that turns waste into reusable resources. The company’s strategy involves setting up local recycling stations and building a national supply chain for solar panel collection and reclamation, effectively laying the foundation for an eco-friendly solar waste management industry in India.

Dynamic Industry Corp. plans to establish two recycling stations, one each in northern and southern India, and create a localized sales channel to distribute reclaimed metals and other materials derived from the recycling process. This initiative supports India’s transition toward a low-carbon economy, as the recycling process reduces approximately 4.77 tons of CO2 emissions per ton of solar panels processed. Certified by the Ministry of Trade, Industry, and Energy, this process is the first in the industry to achieve carbon-neutral standards in solar recycling, demonstrating Dynamic Industry Corp.’s commitment to sustainable practices.

“India represents a unique and strategic market for us due to its exponential growth in solar power generation and the subsequent waste challenge that follows. Our recycling technology offers an effective solution to this growing issue, helping reduce the carbon footprint associated with solar panel waste,” said Hyonsoo Kim, CEO of Dynamic Industry Corp. “We are dedicated to providing a complete recycling solution, from supply chain management to end-to-end recycling, that aligns with India’s environmental priorities.”


The company is working to establish key accreditations and engage with local authorities to ensure compliance with Indian regulations on waste management and recycling. Initial plans include exploring Rajasthan and Uttar Pradesh as potential locations for its state-of-the-art recycling plants.To ensure product-market fit, Dynamic Industry Corp. is building a team of local experts to oversee operations, manage supply chains and drive customer acquisition across India. By adapting its operations to the specific needs of the Indian market, the company aims to address logistical challenges and enhance customer engagement.

Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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