Vikas Lifecare obtains technology transfer from a leading European entity for recycling of Cross Linked Poly Ethylene (XLPE)

24 Jan 2022 , 10:35 AM

Vikas Lifecare Ltd. announced that the company has obtained advanced technology to recycle Cross-Linked Poly Ethylene (XLPE), and the company is in the advanced stages of negotiation with an Industry Pioneer from Europe.

Vikas Lifecare entered into negotiation, now in defining stage, for obtaining technology transfer for recycling of Cross-linked Poly Ethylene (XLPE) from a Leading European company through Nortech Trinity India Private Limited (a former subsidiary of Norner AS., Norway).

Vikas Lifecare is one of the major players in the plastics recycling segment in India. The company an early starter in the segment of “Re-Cycling” & “Up-Cycling” varied types of plastic scraps, understood and realized the importance of re-using plastics as a valuable resource and as part of a sustainability roadmap. The Company has already come up with various “Industry First” initiatives in “Re-Cycling” and “Up-Cycling” various polymer scrap materials, as ready to use plastic compounds, successfully unlocking the high value hidden in these materials.

Owing to the challenges in recycling cross-linked compound materials, there is an eminent need to recycle a scrap of XLPE materials which is being applied in enormous volumes across the globe, these materials shall be re-utilized especially in the emerging circular economies to generate new revenue streams and reducing environmental burdens.

Besides this technology transfer for recycling of Cross linked Poly Ethylene (XLPE), Vikas Lifecare is in the process of setting up a high-level Task Force using the expertise and synergies of M/s Nortech Trinity Private Limited and Vikas Lifecare’s recent acquisition M/s Genesis Gas Solutions Private Limited to explore further areas of technology advancement in company’s existing and intended businesses.

While the regular LDPE and HDPE plastics can be easily recycled using conventional technologies, crosslinked material cannot be reverted to its non-crosslinked state for reuse. This envisages that currently, XLPE production scrap and off-cuts generated during product application get discarded. This scrap represents a valuable and costly resource, and its recovery is highly desirable. For recovery of this material, a technology is needed that can reverse the crosslinking process while retaining the technical properties of the polymer.

Vikas Lifecare Ltd. (VLL) is an ISO 9001:2015 certified company engaged in trading and manufacturing polymer, rubber compounds, and additives for plastics, synthetic & natural rubber.

 It’s scrip is currently traded at Rs 7.55, against it previous closing of Rs 7.90, down by 45 paise or 4.43%.