Engineers India Limited, ICT join forces to develop algal technology
Engineers India Limited (EIL) has signed a memorandum of agreement (MoA) with the Institute of Chemical Technology (ICT) for jointly developing technology for the large scale cultivation of algae as well as the extraction of value added products.
Under the agreement, the parties will work together on algal technology and extraction of value added products from laboratory scale studies.
According to Engineers India Limited, the MoA will enrich the technology portfolios of the two organizations. Apart from that, the partnership is a major step in the direction of the Indian government’s push towards biofuel initiative.
Engineers India Limited said that antioxidants, pigments, and other value-added chemicals from algae have high futuristic scope and commercial value as natural additives in nutraceutical, pharmaceutical, and cosmetic industries.
In a statement, Engineers India Limited, said: “ICT is engaged in basic and applied research & development of sustainable technologies and has a strong track record in algal research including establishing growth parameters at the laboratory scale. This is perfectly complemented by the strengths of leading engineering consultancy company EIL, whose considerable experience and capabilities in design and engineering can be leveraged to scale-up and establish these technologies at industrial scale.”