In India, Praj Industries Ltd (Praj) and the Institute Of Chemical Technology, Mumbai (ICT), have recently entered into a Memorandum of Understanding (MoU) for developing innovative solutions for process industries. Under this overarching MoU, Praj and ICT will jointly work towards promoting higher education and research in the areas of Process Development, and Development of novel reactor designs for biochemical/catalytic processes.
According to a statement on December 17, 2020, the MoU comes into effect immediately and shall be valid for the next 10 years i.e. up to December 31, 2030. Praj has established itself as India’s leading industrial biotechnology company with strong customer footprints across the globe.
Praj brings to the table its expertise of four decades in developing and deploying innovative process solutions through its TEMPO business model. Through its “Bio-Mobility” platform of environment-friendly biofuels, Praj is helping reconfigure transportation fuel landscape across the world and is poised to set up its contribution in the global bioeconomy with its recent launch of “Bio-Prism” portfolio of technology solutions for the production of renewable chemicals and materials.
We are delighted to partner with ICT to develop advanced process technology solution. Enhancing process efficiencies, minimizing energy and utility footprint by developing green and clean technology solutions is on the top of our innovation agenda. Given the complementary expertise of our organizations, we are confident of developing and deploying a variety of solutions that would benefit not just industry but society as a whole, said Dr Pramod Chaudhari, Executive Chairman, Praj Industries.
Develop reactor designs for biochemical and catalytic processes
The Institute of Chemical Technology (ICT), formerly the University Department of Chemical Technology (UDCT), is a public deemed university specialized in chemical technology located in Mumbai, India. The institute also has campuses at Bhubaneswar, Odisha, and Jalna, Marathwada.
ICT is focused on training and research in fields of chemical engineering, chemical technology, and pharmacy. Based on its stellar performance over the years, ICT has been granted the Elite Status and Centre of Excellence by the Government of Maharashtra in 2012, thus becoming the only institution in the country to have this distinction.
Through this collaboration, Praj and ICT will be jointly undertaking research in Process Development and Development of innovative reactor designs for biochemical and catalytic processes. Various high potential technology development projects will be jointly undertaken that would be governed by separate project-specific MoUs.
We have always been appreciative of pioneering work of Praj in the area of industrial biotechnology on the global platform. ICT has always endeavored to partner with industry for the scaling up and commercializing innovative solutions that would benefit our nation. I believe the alliance between Praj and ICT will reinforce India’s position as a technology leader in the process industry, said Professor A. B. Pandit, Vice-Chancellor of ICT Mumbai.
