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Aditya Birla Acquired Tech from US Startup Rated as Top-10 Emerging Tech 2015 by WEF

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aditya birla

Thailand unit of Aditya Birla Chemicals, the manufacturer of bulk and specialty chemicals and viscose filament yarn, has acquired recyclable thermoset technology called ‘Recyclamine’ from Connora Technologies, a California-based chemical technology startup. The announcement was made last month by Aditya Birla Chemicals, part of the $48.3 billion global conglomerate Aditya Birla Group of India.

The financial of the deal was not disclosed.

Founded in 2011, by Chemical Engineers – Rey Banatao and Stefan Pastine, Connora has invented a revolutionary technology that enables the next generation of materials to be Reversible, Removable and Recyclable – while maintaining performance characteristics.

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The startup’s flagship product Recyclamine®, which Aditya Birla has bought, harnesses technology in a comprehensive plug-in resin system to produce the industry’s first truly recyclable high performance thermoset composites.

As per Connora , it’s for the first time that — with its invention — valuable materials can now be recovered throughout a composite’s life cycle – from the waste at manufacture to end-of-life recycling – creating a true cradle-to-cradle manufacturing ecosystem.

Recyclable thermoset technology was recognized as one of the Top 10 emerging technologies in 2015 by the World Economic Forum. Aditya Birla Chemicals Limited Thailand, a parent company of CTP Advanced Materials (Germany) and owner of Epotec and CeTePox Brands, is one of the leading manufacturers of epoxy resins and curing agents globally. Aditya Birla Chemicals, part of the $48.3 billion global conglomerate Aditya Birla Group, and Connora Technologies, have been collaborating since 2016 in a Joint Development Agreement to scale-up the manufacturing of Connora’s recyclable epoxy thermoset technology.

Kalyan Ram Madabhushi, CEO Aditya Birla Chemicals, believes that the acquisition of Recyclamine technology is a natural next step for Aditya Birla Chemicals, as it constantly strives to bring innovative and sustainable advanced polymer solutions to its customers. This technology not only enables incremental value creation through zero-waste manufacturing to customers, but also uniquely offers end-of-life recyclability options.

Pradip Kumar Dubey, President of Aditya Birla Chemicals Epoxy Division, says, “This acquisition reaffirms our commitment to being an Advanced materials player, offering sustainable and unique solutions that matter to our customers and society in general. Recyclamine is revolutionary for the epoxy and composites industries, as it will enable the manufacturing of recyclable products. Before this innovation, it was just not possible to do so.”

Dr. Stefan Pastine, Co-Founder and CTO of Connora Technologies explains, “As a chemical technology start-up company, we always knew that forming a close partnership with a world-class chemical company would be required for our technology to get to scale. This acquisition is the culmination of a multi-year relationship and the result of the dedication and unwavering commitment to the vision of the Recyclamine technology, from both ABCL and Connora.”

The efficient recycling of composite materials should have a positive impact on the automotive and aerospace industries, where the trend to make lighter, stronger, and more energy-efficient vehicles is driving growth in the use of carbon fibre composite materials. Composites industry reports state that the manufacturing of composites today generates 5-40% of raw inputs as waste materials, for which there are few options in recycling or reuse. Making composites more recyclable through the use of Recyclamine should help reduce the overall cost of manufacturing of composite products, by re-integrating composite waste and reducing landfill costs.

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Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

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