Page 46 - Plastics News February 2018

BUSINESS NEWS

Applied DNA Sciences collaborates Assam gets Rs 65,186 cr

with GHCL and RIL American investment commitments
company
he inaugural day of the first-ever Global Investors’
TSummit in Assam saw signing of as many as 176
pplied DNA Sciences, initial pacts in a range of sectors with investment
AInc. will collaborate commitments worth Rs 65,186 crore, an official said.
wit h I n dia n h ome Leading from the front, public sector oil behemoth
textilescompany GHCL ONGC committed Rs 13,000 crore investment in the
Limited and Reliance state, according to the spokesperson of ‘Advantage
Industries Ltd. to launch Assam – Global Investors’ Summit 2018′. Another oil
CertainT® verified recycled PSU Oil India Ltd pledged an investment of Rs 10,000
PET (“rPET”) bedding crore, the official said. Oil India Chairman and MD Utpal
products. Fully source- Bora told PTI the company has signed a Memorandum
verified, recycled polyethylene terephthalate (PET post- of Understanding (MoU) with Assam Petrochemicals Ltd
consumer) is the clear plastic best known for packaging and the Assam government.
bottled water, and is the most widely recycled plastic in
the world. GHCL will use Applied DNA’s CertainT platform “We are also signing an MoU to form a joint venture
in connection with PET- and/or recycled PET-blended bed company with IOC, ONGC, NRL and GAIL. This is to
sheets, pillowcases, and shams sold in-store or online connect all the North Eastern state capital with gas
in the United States. RIL is collaborating with GHCL pipelines from Guwahati,” he added. Two more oil firms
and Applied DNA as the preferred fiber-manufacturing Indian Oil Corporation (IOC) and Numaligarh Refinery
partner to use the CertainT platform for authenticity Ltd (NRL) also evinced interest to invest Rs 3,432 crore
of recycled PET in bed sheets, pillowcases, and shams. and Rs 3,410 crore, respectively, the spokesperson
Hemant Sharma, Sector Head - Polyester, RIL said RIL saidAmong private players, RIL Chairman and MD Mukesh
has created a complete circle from creation of PET resin
for making bottles, collection of discarded PET bottles,
and converting them to Recron Green Gold Eco Friendly
Polyester fibres for use by the downstream textile value
chain that converts the fibres in to apparel and home
textiles. These fibres and tow demonstrate the lowest
carbon footprint number and meet the most stringent
environmental criteria for being a green fiber, he said.
“Consistent with global sustainability and the circular
economy, we provide the first fully source-verified
recycled PET bedding product line using CertainT, Applied Ambani announced an investment of Rs 2,500 crore in
DNA’s proprietary traceability system that tags, tests, Assam in various sectors, including retail, petroleum,
tracks the original r-PET pellets to finished products,” telecom, tourism and sports, creating jobs for at least
said Manu Kapur, President and CEO of GHCL Home 80,000 people over the next three years. Ambani’s
Textiles. “We produce a wide range of synthetic yarns announcement came during the inaugural function
from polyester, viscose and other high-end yarns which of the two-day investors’ summit. With Tata Trusts
now utilize the CertainT system for full traceability. joining hands with the Assam government to roll out an
The ability to source and buy CertainT yarns made from elaborate cancer care programme in 17 centres across
verified recycled PET fiber is a unique offering that GHCL 15 districts of the state from next year, the project
can provide to customers globally.” “CertainT can tag will see an investment of around Rs 2,000 crore, Assam
every single fiber and verify them through a defined and Health Minister Himanta Biswa Sarma said. Indo-UK
secure supply chain through systematic sampling, testing Institute of Health will be investing Rs 2,700 crore,
and tracking,” said Dr. James Hayward, president and while Century Ply has shared plans of investing Rs 2,100
CEO of Applied DNA. crore, the summit spokesperson informed.

Plastics News Feb ruar y 2018 46