The Ministry of Production, through ProInnóvate, announced on March 18 that it is supporting the development of innovative solutions to address environmental challenges by funding projects focused on the circular economy. The ministry said these efforts are aimed at promoting sustainable production models that optimize resource use, reduce waste, and add value to production chains.
This initiative is considered important as it encourages various economic sectors to adopt innovation as a key strategy for adapting to climate change and strengthening long-term competitiveness and sustainability.
ProInnóvate has been supporting business initiatives with significant environmental and productive impact. Four companies—Sinba, Plastic Corporation, Banánica, and Fussion—were highlighted for their innovative approaches to solid waste management under a circular economy framework. During a recent visit to Sinba’s Circular Recovery Center, Vice Minister of Micro and Small Enterprises and Industry Juan Carlos Requejo Alemán said: “The financial and technical support from ProInnóvate has been key for the growth of companies like Sinba, which today demonstrate that it is possible to transform waste into new productive opportunities, generating economic, social, and environmental value.”
Sinba is described as a social impact startup that develops sustainable solutions by converting organic and inorganic waste into products such as animal feed and organic fertilizers. The company also promotes inclusive recycling by involving grassroots recyclers. Plastic Corporation transforms plastic waste into durable materials like posts, pallets, and urban furniture—offering alternatives to traditional wood use. Banánica reuses plastic waste from organic banana cultivation in Piura to manufacture bricks and construction pieces noted for their durability and low maintenance costs. Fussion creates fashion accessories from discarded plastic bags using thermofusion techniques, combining sustainability with design.
With these initiatives, the Ministry of Production reaffirmed its commitment to driving innovation as a catalyst for sustainable productive development in Peru. The ministry said it aims to encourage more Peruvian companies to adopt circular economy practices that generate value from waste while contributing actively toward building a more competitive and environmentally responsible country.
