New Delhi, Oct 2 (IANS): Petrochemical major IndianOil Corporation on Wednesday issued an Expression of Interest (EoI) for procurement of single-use plastic waste which can be economically converted into other usable materials.

IndianOil's national EoI is for assessing the market availability and willingness of various organised aggregators and NGOs to supply different types of waste plastics in commercial quantities on consistent basis.

The petrochemical major issued the National EOI to mark the 150th birth anniversary of Mahatama Gandhi and as part of the Swachh Bharat Abhiyan.

IndianOil also flagged-off four initiatives to "reduce, reuse and recycle plastics".

One of the company's new initiative is the creation of a "Single Use Waste Plastic" based bituminous road at Faridabad, Haryana.

"Performance of this road will be monitored by IndianOil R&D centre in association with CSIR-CRRI, and also fine-tune the concentration of single use plastic to be added," the company said in a statement.

Among other initiatives, the petrochemical major has developed special grade crumb rubber modified bitumen (CRMB55) which has been designed using waste single use plastic material.

"As a part of Extended Producer Responsibility (EPR) and in a bid to achieve plastic neutrality, IndianOil has worked out these various options of using waste plastics leading to value creation for different stakeholders in the waste plastic eco-system," the company added.