Dr. Thomas Toepfer, CFO, Covestro AG said, "True to our commitment, we will aim 80% of our R&D project spending to address SDG challenges by 2025. At the same time we will further increase our investments which will benefit India along with some other nations and at the same time create value. We are looking forward to leverage such opportunities in India and APAC region which will help make world a brighter place."

Prof. G. D. Yadav, Vice Chancellor, The Institute of Chemical Technology (ICT) said, "We are delighted to partner with Covestro for the research projects that will provide students with an opportunity to develop practical solutions to India's food security and national safety problems."

India has about 6,300 cold storage facilities with a capacity of 30.11 million tons, which are only able to store about 11 per cent of the country's total perishable produce. This creates an enormous gap between agriculture production and its storage. India wastes 40% of all harvested agricultural produce. These cold storage and poultry use electricity and diesel to maintain the temperature which leads to overuse of energy and fossil fuel and has detrimental effects on the environment. Materials that can be used in cold storages and poultries to maintain the required temperature and help reduce the carbon footprint can make a massive difference.

END