Alderley Park, UK – Econic and India's Manali (MPU) have signed a memorandum of understanding to start the commercialisation of polyols based on Econic's manufacturing route from carbon dioxide.
Econic process scale-up starts in India
In a release to the Bombay Stock Exchange, Manali said: '[We will] scale [Econic's] catalyst technology which would enable substitution of fossil based raw materials with captured waste CO2 in the production of poyols. The partnership involves MPL, and Econic collaborating to scale the technology at MPL's pilot plant in India.'
Manali added that if it is successful, it will be used on the company's production trains with the shared intent to bring CO2-based polyols to Manali's customers.
Keith Wiggins, Econic's CEO, said: 'We are excited to begin working with the MPL team, to help them serve their polyurethane market with CO2-containing polyol.'
Muthukrishnan Ravi, MPD’s managing director, said: ‘We are happy to be collaborating with Econic in testing and commercial development of this green initiative.'