Covestro has signed a Memorandum of Understanding with The Institute of Chemical Technology (ICT), a leading chemical technology research university.  The agreement aims at finding innovative solutions that can act as an enabler and provide a significant contribution to achieve the sustainable goals. According to the agreement, the research would span from warming and insulation for open poultry sheds, modification in the manufacturing process to produce Flame Retardant PU and PU-PCM for cold storage.

The aim of this MoU is to build scientific and technical knowledge through joint research and to implement the research findings in industry wide application. It will facilitate the development of polymer based PCM material that can replace non-efficient and high energy consuming elements.

The MOU was exchanged by Ajay Durrani, MD, Covestro India along with Dr. Thomas Toepfer, CFO, Covestro AG and Prof. G. D. Yadav, Vice Chancellor, The Institute of Chemical Technology (ICT) where both Covestro and The Institute of Chemical Technology looked forward to collaboration and opportunities.

During the announcement, Ajay Durrani, MD, Covestro India said, "We are confident that through this partnership we are able to conduct ground breaking research that will enable us in finding sustainable solutions through large-scale application of talented materials. We truly believe that these research based applications will help us to provide solutions to India's food safety concerns and help in making smarter and safer transportation leading to the economic and social development of the country."

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