Mumbai — Covestro has signed a research agreement into rigid polyurethane applications with the Mumbai-based chemical technology research university Institute of Chemical Technology (ICT).
Covestro signs rigid PU innovation agreement in India
The focuses of the agreement are on increasing productivity in India's chicken farms through insulated chicken sheds. It will also address the cold chain with research into flame retardant PU and PU-PCM for cold storage.
'Covestro is committed to spend 80% of R&D to address SDG [sustainable development goals] challenges by 2025 and to hike investments that benefit India along with other nations, leverage such opportunities in India and APAC region,' stated Thomas Toepfer, CFO at Covestro.
Ajay Durrani, managing director of Covestro India, said the agreement will pave the way for ground-breaking research into sustainable solutions and addressing India’s food safety concerns.
'The partnership will provide students an opportunity to develop practical solutions to India’s food security problems,' added G. D. Yadav, vice chancellor, ICT.
India has about 6,300 cold storage facilities, with a capacity of 30.1 MT/year. This accounts for around 11% of the total perishable produce the country produces each year. There is massive gap between agriculture production and storage capacity, and around 40% of India's harvest is wasted.