RCM produced from bio based feed stocks are sustainable alternatives to products made from fossil resources.
Praj Industries announced that it is developing technologies to produce bio-based Renewable Chemicals and Materials (RCM). RCM produced from bio based feedstocks are sustainable alternatives to products made from fossil resources.
The company has a Bio-Mobility platform which promotes the use of renewable resources to produce carbon neutral transportation fuel across all modes of mobility. Adding to this segment, the company has forayed into Bio-Prism, with renewable chemicals and materials.
Praj Industries has entered into an MoU with National Chemical Laboratory (NCL) for jointly working on promising project opportunities in RCM space.
Praj strategy has been to expand its business horizons leveraging its innovative, technology solutions in Bioeconomy. On the back of a formidable track record of its Bio-MobilityTM platform for renewable transportation fuel globally, Praj is now making inroads into the RCM industry through its newly launched Bio-PrismTM portfolio.
This will create jobs in the economy, and is environmentally sustainable. Resources are being deployed for this portfolio with separate marketing teams, we will hit the market somewhere in the beginning or mid of 2021,” said company’s executive chairman, Pramod Chaudhari.
He added that Praj is open to exploring newer business models with strategic partners. Our stride in RCM is the result of exclusive work in molecular biology, microbiology, fermentation and chemical synthesis.
“During this pandemic, usage of single use plastic is increasing. However, “During this pandemic, usage of single use plastic is increasing. However, with Bio-Prism technology we can make bio plastics, which are safe, biodegradable and will be made using agricultural feed stocks,” Chaudhari said while interacting with media.
Praj’s Bio-Prism portfolio comprises a variety of bio-industrial products, including bio plastics as a priority, along with cellulose-lignin refinery products and specialty products. The company is right now in its R&D stage and will be setting up production facilities for RCM.
We are now reforming to a new arena. This is the solution to have a sustainable future. For this portfolio, a variety of biomass can be converted into usable products,” the company said.
