Vikas Lifecare Limited has announced successful filing the patent for the technology on "Recycling of Multi Layered Plastics (MLP) and converting it to granules and products for societal applications".
The Senior Vice President - R&D, Dr. S.K. Dhawan commented that as a polymer chemist myself, let me start with explaining the epicenter of this subject which is the Multi-Layer Plastic Films (MLP), which been a grave cause of concern for the plastic processors and the environmentalists worldwide.
He further explained "We all know plastics are almost inseparable from our lives now and recycling of plastics is an eminent solution to the environmental concerns that tag along with extensive use of plastics. MLP comprises of different layers of plastics and aluminum layer for their specific purpose in a packaging film, still does not find a viable recycling solution as the layers cannot be dissected apart and the matrix of various sorts of plastic in an MLP pose a great challenge for recycling and eventually to find a workable recycled material and its viable application."
"Vikas Lifecare has developed a technology wherein the recycled MLP material can be used for producing pallets, interlock Tiles and subsequently various plastic articles making it a lucrative, scalable & rewarding business for the company eventually."
He further added that we are thrilled to announce that Vikas Lifecare has filed a patent for the technology on "Recycling of Multi Layered Plastics (MLP) and converting it to granules and products for societal applications". This is the first of the many initiatives in line from the company, we are working towards patenting many more techniques, compositions and applications for the various firsts which have been in process with the VLL team since we started working towards niche, futuristic & potent opportunities that came along way on our journey in plastics since more than two decades now. These initiatives will not only help the company in strengthening its position in industry matrix but also the result in significant growth in revenues and profitability for years to come and stronger financials and per share earnings.