New Delhi [India], January 19 (ANI/PNN): Vikas Ecotech Limited is pleased to announce its plans to invest in the environment-friendly BioPlastics (PHA) technology and in the advance stage of finalising a Technology Tie-Up/Joint Venture with Aurapha Private Ltd. (the ‘AuraPHA’) to produce Biodegradable Plastics.
The environmental effects of traditional plastic material are well-known. The solution is to adopt to biodegradable plastics such as Poly-Hydroxy-Alkanoates (PHA). PHAs, which are biopolymers made by a variety of bacteria, are biodegradable in nature and are made from renewable resources in an eco-friendly manner. Vikas Ecotech has been investigating this opportunity and is currently working to develop eco-friendly viable options.
Vikas Ecotech is excited about the potential of eco-friendly Bio Plastics and has started investing in it. Vikas Ecotech is also looking to form a Joint Venture / Technology Tie-Up with AuraPHA in order to produce Biodegradable Plastics at industrial scale. Initially, a pilot plant to produce Biodegradable plastics will be established. This will eventually be scaled up with additional investments in several well-organized phases.
In addition, in order to push the company’s keen interest in developing a variety of Bio Degradable materials to replace conventional plastics for different application areas, Vikas Ecotech is actively exploring various proposals for acquisition of necessary the technology to produce PBAT (Polybutylene adipate terephthalate), specifically to manufacture environment friendly carry bags, which are presently made of conventional plastic materials and are cause of severe environmental concerns across the world.
Defence Research and Development Organization (DRDO), Ministry of Defence of India has developed certain technologies in order to develop Bio-degradable Polymer granules of PBAT. This is used to make bio-degradable carry bags. Vikas ecotech will be pursuing this opportunity, starting with submitting an Expression of Interest (EOI/its credentials) for the same.
What are Bio Plastics?
Biodegradable plastics can be described as a more environmentally friendly alternative to conventional plastic materials. The reason for the name “Biodegradable” materials is that these can be decomposed by the action of living organisms, usually microbes, into water, carbon dioxide, and biomass, thus these Biodegradable plastics can be disposed in safe and ecologically sound manner through disposal processes (waste management) like composting, soil applications and biological waste water treatment with a negligible or minimal impact on environment.
Why AuraPHA?
AuraPHA or Aurapha Private Limited is a registered entity located in Virudhunagar Tamilnadu. It was founded by Dr. P. Murugan who is a renowned micro-biologist. A D in Microbiology, The University of Science Malaysia) has been awarded an International Grant to develop the necessary technologies to produce PHAs industrially.
AuraPHA successfully established a laboratory scale project and is all set to start a pilot project/plant for producing PHAs which can be used in making “Single-Use Biodegradable Plastic Materials” and Innovative and Futuristic Materials like “Slow-Release Fertilizers” and Niche Matrices to facilitate “Re-cycling of Aqua Culture Systems”, which are highly relevant to the future of our country.
Vikas Ecotech Ltd., a New Delhi-based company, is engaged in the business and manufacture of Speciality Polymers & Specialty Aditives and Chemicals For Plastics & Rubbers Industries. It caters to a wide range of industries including Agriculture, Infrastructure, Packaging, Electrical, Shoes, Pharmaceuticals, Medical Devices and Components as well as other consumer goods.
Vikas Ecotech is a manufacturer of Organotin (Heat Stabilizers For Vinyl Applications) in lndia. This product is manufactured by Vikas Ecotech, which has in-house R&D capabilities and is one among the few manufacturers worldwide that have the technology and expertise to make this material, right from Tin Metal to its final form.
Vikas Ecotech is expanding their business and has added many final products to its conventional (raw materials businesses) profile. Infrastructure Products, such as Steel Pipe Fittings, MDPE Pipes for Gas application, are some of the new business segments.
The securities of the Company are listed both on the Stock Exchanges, BSE and NSE (Scrip Codes: 530961)
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