Vikas Ecotech finalizing JV with biodegradable plastics firm
Petrochemical

Vikas Ecotech finalizing JV with biodegradable plastics firm

Initially a pilot plant for producing biodegradable plastics shall be set up which will eventually, with further investments, be scaled up in various well-organized phases

  • By ICN Bureau | January 18, 2022
Vikas Ecotech Limited has announced its plans to invest in the environment friendly Bio Plastics (PHA) technology and in advance stage of finalizing a technology tie-up/JV with Aurapha Private Limited to produce biodegradable plastics.
 
The concerns over the impact of the conventional plastic material on the environment are eminently visible and the solution is to adapt to biodegradable plastics such as Poly-Hydroxy-Alkanoates (PHA). PHAs are biopolymers synthesized by various types of bacteria and are biodegradable in nature, produced from renewable resources through an eco-friendly process. 
 
Realizing the potential of the environmentally friendly Bio Plastics concept, Vikas Ecotech has decided to start investing in that direction and in this very pursuit eyeing a technology tie-up/joint venture with AuraPHA to produce biodegradable plastics on an industrial scale. Initially a pilot plant for producing biodegradable plastics shall be set up which will eventually, with further investments, be scaled up in various well-organized phases.
 
In addition, in order to push the company's keen interest in developing a variety of biodegradable 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.
 
Defense Research and Development Organization (DRDO), Ministry of Defense, Government of India has developed certain technologies for developing bio-degradable polymer granules of PBAT (Polybutylene adipate terephthalate) to manufacture biodegradable carry bags, and Vikas Ecotech will be pursuing this opportunity starting with submitting an expression of interest (EoI)/its credentials for obtaining the same.
 
Aurapha Private Limited is founded by renowned microbiologist Dr. P. Murugan has 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 AquaCulture Systems”, which are highly relevant to the future of our country.
 
Vikas Ecotech Ltd., a New Delhi based company is engaged in the business of speciality polymers & specialty additives and chemicals for plastics & rubbers industries, catering to a wide horizon of applications in agriculture, infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.

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