We have entered into a JV with Okeanos™, creator of a new category of degradable packaging which aims to replace single-use plastic with a stone-based alternative. This technology can replace more than half of the petrochemical derived plastic through source-reduction, which reduces plastic at the point of product manufacture, not after use by the consumer. In addition, the carbon footprint of the packaging can also be reduced by over 60%.
The need-of-the-hour in today’s scenario is how we can reduce the plastics consumption in packaging. There are many solutions around, but, most of them are either expensive or have various practical difficulties. However, packaging can be done very effectively by using calcium carbonate. We came up with this solution with practical implementations. This will address at least 70% of the issues.