Verna (Goa)
PureCycle Recycling Private Limited, a subsidiary of BlackGold, on August 29, 2026, inaugurated its integrated recycling facility at Verna Industrial Estate, marking the launch of Goa's first greenfield integrated recycling facility, bringing e-waste recycling, precious metals refining, critical minerals refining and PET plastics recycling together under one roof. Spread across 26,664 sq. ft., the facility establishes an integrated platform for resource recovery and circular manufacturing in the state.
The facility was formally inaugurated by Dr Pramod Sawant, Chief Minister of Goa, in the presence of MLA of Nuvem, Aleixo Sequeira, elected representatives, senior government officials, regulatory authorities, industry stakeholders, clients, partners and members of the media. The Chief Minister toured the facility and was briefed on its processing, resource recovery and environmental management capabilities.
Addressing the gathering, the Chief Minister highlighted the importance of diversifying Goa's industrial base and encouraging investments that combine technology with environmental responsibility. He noted that PureCycle adds a new dimension to the state's existing waste-management ecosystem by enabling the recovery of higher-value materials and returning them to productive use. He also emphasised that domestic recycling and material recovery have increasing relevance to India's resource security, industrial growth and self-reliance agenda.
Speaking on the significance of the facility, the Chief Minister also linked the development to Goa's broader vision of building an economy that can support tourism alongside manufacturing, technology, services, start-ups and emerging green industries. He welcomed PureCycle's investment in the state and its focus on creating local employment and developing technology-driven capabilities.
With a processing capacity of 50,000 MTPA, the facility integrates collection, dismantling, segregation, material recovery and refining within a single operational ecosystem. Its capabilities cover end-of-life electronics, precious metal-bearing materials, critical minerals and post-consumer PET plastics, enabling the recovery and reintegration of valuable materials into productive applications.
The facility is equipped with 15+ specialised processing and environmental management systems. It also features a 3.0 CMD zero-liquid-discharge effluent treatment plant, supporting responsible wastewater treatment and environmental management.
The launch also marks a significant milestone in PureCycle's role within India's critical minerals ecosystem. In May 2026, PureCycle became eligible under the Ministry of Mines' Incentive Scheme for the Promotion of Critical Mineral Recycling under the National Critical Minerals Mission (NCMM), as validated by JNARDDC. The facility is designed to support the recovery and refining of strategic materials from secondary resources, contributing to domestic resource security and circular supply chains.
The facility is expected to generate 39 direct employment opportunities, with 87.17 per cent local workforce participation, contributing to skilled employment and Goa's growing green industrial ecosystem. It will serve sectors including technology, electronics, telecom, OEMs and enterprise customers, with integrated IT Asset Disposition capabilities including secure data destruction.
Commenting on the launch, Prabhu Ram Radhakrishnan, Founder & CEO, BlackGold, said, “There are very few businesses where the profit itself carries a purpose inside it - where every rupee you earn is also connected to a material kept out of a landfill, a resource recovered and returned to productive use, or something valuable that India does not have to depend on another country to supply. PureCycle is our commitment to Goa and a contribution to India, and we intend to grow here, hire here and build capabilities here for the long term.”
Pankaj Tirmanwar, Co-Founder & COO, BlackGold Recycling Private Limited and Director & CEO, Reteck Envirotech Pvt. Ltd., added, “Every tonne of valuable material and critical minerals that we are able to recover from waste here is material that can return to the Indian economy. At a time when countries around the world are competing for access to critical minerals and strategic materials, the ability to recover and refine more of our own resources is no longer only an environmental question. It is an economic, industrial and resource-security imperative.”
Siddarth Shivkumar, CEO, PureCycle Recycling Private Limited and CTO, BlackGold Recycling Pvt. Ltd., said, “Waste is not the end of a material's life - it is the beginning of its next one. That single idea is the reason PureCycle exists. We chose to build an integrated facility rather than a narrow one - e-waste, precious metals, critical minerals and plastics, together, at scale, with the environmental systems in place to do it responsibly and safely. In Verna, that belief becomes a working reality.”
The inauguration also brought together representatives of the Government of Goa, Goa State Pollution Control Board, Goa Industrial Development Corporation and other stakeholder institutions. The PureCycle leadership acknowledged the role of government departments, regulators and local stakeholders in enabling the establishment of the facility in Verna.
The Verna facility follows BlackGold's 2025 acquisition of a controlling interest in Reteck Envirotech, strengthening the group's capabilities across reverse supply chain management and IT Asset Disposition.
PureCycle forms part of BlackGold's broader integrated circular-economy platform, bringing together recycling, resource recovery and reverse supply chain capabilities across technology, electronics and telecom.
For BlackGold, the Goa facility represents the first site in a larger expansion of integrated circular-economy infrastructure. The company aims to build capabilities that enable materials currently treated as waste to be recovered, refined and returned to productive use, while creating economic value and strengthening domestic resource-security systems.
PureCycle Recycling Private Limited, a subsidiary of BlackGold, operates an integrated recycling facility at Verna Industrial Estate, Goa, with capabilities across integrated e-waste recycling, precious metals refining, critical minerals refining and PET plastics recycling. The facility serves the technology, electronics, telecom and industrial sectors and is designed to recover valuable materials from secondary resources while supporting India's broader objectives around resource security, self-reliance and circular manufacturing.
BlackGold is one of India's leading circular economy companies, advancing the recovery, refining and reintegration of strategic materials and critical minerals for the industries of tomorrow. The company is building integrated circular-economy infrastructure spanning reverse supply chains, recycling and responsible material management across technology, electronics and telecom.