Page 45 - Plastics News January 2020

Business news

MRPL’s 2G ethanol plant to be TricorBraun acquires rigid

commissioned in Karnataka packaging company PSI

he Mangalore Refinery and Petrochemicals Limited igid packaging designer
T(MRPL) is in the process of setting up South India’s only Rand supplier TricorBraun
2G ethanol plant at Hanagawadi in Davanagere district. has acquired Minneapolis-
This is in line with the Union Government’s roadmap to set based Packaging Solutions
up 12 such units in the country. The new biofuel policy of Inc (PSI) PSI has 25 years
2018 had set a target of 20% blending of ethanol in petrol of experience in supplying
and 5% blending of biodiesel to be achieved by 2030. r igid packaging f o r
According to sources, work on the 47-acre plant will begin pharmaceutical, pet food
within the next three months and will be commissioned by and personal care sectors.
March 2023. The Rs 1,300 core plant will produce biofuel The acquisition further
from 2G ethanol produced from maize stalk, maize combs, establishes TricorBraun’s position in the Minneapolis,
cotton stalk, sugarcane waste, coconut fronds and paddy US, market, and providing it with an additional
stalk. The new unit will produce 60,000 kilolitres of ethanol warehouse for continued growth.TricorBraun president
each day by using 250-350 tonnes of agricultural waste. and CEO Court Carruthers said: “Our acquisition of PSI
Further, the ash residue produced at the unit will also be strengthens our Minneapolis presence as we continue
used in cement and brick industries and agricultural fields. to grow across North America. “We look forward to
Along with this, MRPL is also planning to start production serving our customers in this region with exceptional
of bio-jet and bio-CNG for the aviation sector and CNG products and services and we welcome PSI to the
vehicles, respectively. With the first generation ethanol TricorBraun family.” Following the acquisition, PSI
drawn from sugarcane molasses not sufficient to meet the owners Doug Greenberg and John Greenberg and their
team members will continue to work with TricorBraun.
Founded in 1902, TricorBraun is one of the leading
primary packaging suppliers in North America. Owned
by private investment firm AEA Investors, TricorBraun
acquired and integrated more than 20 companies
over the last 25 years. The latest acquisition is the
company’s seventh in the last three years. The two
companies have not disclosed the financial terms
of the agreement.In a separate development,
TricorBraun announced its certification in Amazon’s
Packaging Support and Supplier Network (APASS)
programme. The programme supports vendors, sellers
and manufacturers in securing certification for their
demands of the biofuel plants, the government decided products as Frustration-Free Packaging (FFP), Ships-
to use 2G ethanol by adopting additional technology. BP in-Own-Container (SIOC) or Prep-Free Packaging (PFP).
Girish, General Manager, Corporate Strategies, Mangalore Packaging Solutions, Inc. (PSI) is a distributor and
Refinery and Petrochemicals Limited, said the unit will custom designer of a full range of container, closure,
start functioning in 2023 and will collect maize comb and and component options in plastic, glass and metal
stalks through farmers cooperative units by paying them. for companies within the pharmaceutical, cosmetic,
He also said that residents who give up their land for the personal care, automotive, OEM and food & beverage
unit will be provided employment in the unit. Mangalore industries. Over thirty years of industry experience,
Refinery and Petrochemicals Limited (MRPL) is a schedule expertise and knowledge allows PSI to meet each
‘A’ Miniratna, Central Public Sector Enterprise (CPSE) customer’s unique packaging requirements in the most
under the Ministry of Petroleum & Natural Gas. cost-effective manner.

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47 Januar y 2020 Plastics News