Manali Petrochemicals Ltd (MPL), which is engaged in the manufacture of petrochemical products, and its British technology partner Econic, launched its so-called first pilot project to commercialize the latter’s carbon capture technology, in order to realize the twins of MPL in their manufacturing process To achieve the goal of greening and reducing dependence on fossil fuel-based raw materials.

Two months ago, MPL signed an agreement with Econic Technologies, headquartered in the United Kingdom, with the goal of launching more environmentally friendly polyol products and reducing raw material costs. Currently, its polyol production is powered by oil-based materials.

"We are always looking for a technology that can help MPL and meet the team's overall vision. We are lucky to find Econic, which provides us with a unique catalyst technology that can promote the replacement of fossil fuel raw materials with captured carbon dioxide, thereby Help us obtain more sustainable and cost-effective raw materials," Chairman Ashwin Muthiah MPL and AM International Chairman Promprover Group told BusinessLine.

MPL has started a pilot project to rebuild Econic's polyol manufacturing technology. The company expects to complete the pilot project within two years. Unlike the technologies available to several petrochemical companies, Econic's technology can play a role in the entire carbon chain, which means that MPL can produce a wide range of polyols, and the global market is estimated to be about 28 billion U.S. dollars.

"We are trying to experiment to see if this technology can be successful on the basis of the pilot product. MPL Managing Director Muthukrishnan Ravi said that the success of the project will tell us the extent to which we can substitute and the final product we create Whether it meets the market demand specifications.

The success of the ongoing pilot will help reduce MPL's raw material procurement costs. For example, if the company can replace at least 10% of the CO2 technology, the savings in raw materials will be about 500 million rupees, while some oil-based raw materials can be reduced, which is characterized by price and demand fluctuations.

"In addition, if we start to replace carbon dioxide technology, hope we can tell our customers that the products we sell are more environmentally friendly than before. Will it get some premium for being partially green? It depends on how customers will appreciate it. No one has ever Think more environmentally friendly products will sell higher," Mutia said.

Of course, the success of the pilot project will require some additional investment to modify the production machinery and install some new equipment in the unit. “However, this may still not be a big investment. For a 15,000-ton polyol plant, we may need to invest 15-3 billion rupees,” Ravi said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android app or IOS app.

Approximately 80% of India’s commercial fleet is chartered, compared to 53% globally

The airport is also keeping up to ensure a safe, contactless and seamless journey

The two Indian winners of the Earthshot Awards left their mark on COP26

Despite the serious flaws in the Glasgow negotiations, it has joined the world to urgently resolve...

We uncover the mystery of the world of government securities for retail investors looking for opportunities

How does it perform compared to existing investment platforms that promote G-sec retail investment

Mutual funds do not use returns from API, research and diagnostics departments

The head and shoulders pattern on the chart does not rule out the danger of a sharp drop

Tarkari seeks heroic classics and little-known Desi flavors, which come from India’s extensive...

Shiv Kunal Verma's description of the little-known Indo-Pakistani war is a book, it will not only let...

A fascinating book about Kamala Harris' political journey

Biji Kurien shows how an MBA can succeed in a long and brilliant career

Sandeep Goyal, chairman of Mogae Media and senior advertiser, talked about his new acquisition plan-Rediffusion and...

How Smytten destroyed the sampling space by moving it online

Mainstream advertising must evolve a lot to talk to new Indian women

Textile brand Siyaram launches a series of bamboo fabrics

Three years after its establishment, compliance with GST procedures is still a headache for exporters and staff...

The company's Corporate Social Responsibility (CSR) initiatives are changing the outlook for...'s wooden toys

Aequs Aerospace will create space for Koppal's large-scale toy manufacturing

It has a good reason to smile. Covid-19 has triggered consumers to switch to branded products because...