By: Pravin Prashant
Last updated : December 02, 2021 3:31 pm
The company will manufacture large capacities Sodium Silicate batteries both for industrial and domestic applications based on inhouse research & development
Chennai based Ram Charan Co. Pvt. Ltd., a chemical distribution company, is planning to manufacture sodium silicate battery and manage end of life chemicals and end of life products based on unsegregated municipal waste.
Speaking to Indian Chemical News, Kaushik Palicha, Director, Ram Charan Co., said, "The company will manufacture large capacities Sodium Silicate batteries both for industrial and domestic applications based on inhouse Research & Development."
The company will also focus on end of life products and end of life products based on unsegregated municipal waste added Palicha.
Ram Charan commenced research on these projects in 2016, and since then have proceeded to develop products which can process large quantities of unsegregated waste, which creates intense difficulties in terms of managing the waste and spread of multiple illnesses and challenges. Ram Charan’s new business will be under the brand Entity 1.
In another development, TFCC International, a deep impact fund, with investments from high-net-worth individuals, government agencies and financial institutions, has announced investment to the tune of US $4.14 billion to acquire 46% equity in Ramcharan to invest in environment energy management systems and renewable energy devices with high storage capacities.
This investment will be made with a horizon of five to seven years and the first round would be closed by January 2022.
Chris Curtis, Chairman, TFCC International said, “We are looking forward to this business, with great anticipation. technologies such as those promoted by Ram Charan, and the immense headroom for sustainable growth, echoes with our investment objectives and we believe that Ram Charan’s products in the waste to energy field and the new generation of energy storage devices will help the environment in a significant manner. It also is in line with the global sentiment expressed in the recently concluded COP 26 meets, and in line with Prime Minister Modi’s expectation for India.”
TFCC has signed a MoU with Ram Charan in March this year to invest into the equity of Ram Charan, which was closed with a shareholders agreement in October 2021. Ram Charan currently has a business plan and orders of up to US $9 billion and are looking at surge sales from three years to the sixth year of their production, taking up the expected revenue to US $ 40 billion, after the fourth year.
The technology used by Ram Charan allows for zero toxic residue, and can be used to convert all types of unsegregated waste into energy, with zero residue to the environment, making it the first of its kind globally and also the safest.
Ram Charan is implementing modern techniques considering a zero part per million production unit, and also amongst the first globally to set up End Product Responsibility for their products. The technology, developed inhouse after research from 2016 by the current team at Ram Charan headed by Kaushik Palicha, has been branded under the name Entity 1, and has a slew of products lined up for release from 2022 till 2024. Manufacturing facilities in India, are planned in the state of Tamil Nadu and Gujarat.