Page 145 - CW E-Magazine (19-3-2024)

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last year in November. The petition GH4India is a joint venture (JV) They further submit that the Supreme Court
challenged Clause19 of the Notice fi rm of IOC, L&T and ReNew, which has repeatedly warned against specifi c
Inviting Tender (NIT) issued by IOC was incorporated on August 25 last clauses in tenders which have the effect
on August 28, 2023, which creates a year and has been created for produc- of favouring a single tenderer,” the
‘Right of First Refusal’ in favour of ing green hydrogen and its derivatives. petitioner said in High Court.
the IOC JV (GH4India). It also chal-
lenged Clause 20 (xix) and (xvi), “They submit that the government The IOC tender was seen as the fi rst
which permits IOC to not accept the cannot arbitrarily choose any person big step towards manufacturing green
lowest bid and also exempts the IOC it likes for entering into a commercial hydrogen in the country and for disco-
JV from submitting Earnest Money relationship thereby discriminating vering the commercial price for produc-
Deposit (EMD). between similarly situated persons. ing the commodity.

P ROMOTING CIRCULARITY
Marico Foundation facilitates collaborations between

FMCG fi rms and innovators to reduce plastic use

The Marico Innovation Foundation sions collectively in the last 12 months. including Nestle and McDonalds. We
(MIF) founded by Mr. Harsh Mariwala “In Marico, we have reached a level look at a multiple array of brands. The
is facilitating collaborations between of 94 percent of recyclable plastic. foundation is looking at the ability
innovators and Fast-Moving Goods Through this, we want to create a larger to stay invested in the areas we have
(FMCG) companies to reduce the use of impact. It has to start from how garbage identified. Earlier we had identified
plastics. is collected from homes, segregation innovation in particular sectors, engaged
is important with end-to-end approach and then exited and found ourselves in
FMCG major Marico, founded by being very important. We will look other sunrise sectors. Going ahead we
Harsh Mariwala, is targeting to use at ourselves or with partners to work want to create an impact in the sustain-
100% recyclable plastic in the next fi ve alongside municipal corporations on ability space, we will keep growing in
years. the issue,” Mr. Mariwala said. the plastic waste management space,
food and agritech is our next area of
“Though we use recyclable plastics, “We have done facilitation of focus,” said Ms. Suranjana Ghosh,
many times there are challenges in recyc innovators and FMCG companies Head of MIF.
ling. Our team came up with a proposal
to do a study on innovators operating in M Shyamprasad Kamath takes over
the plastic industry which led to a report.
The report triggered the need to identify as MRPL MD
individuals who did not know how to
scale up. We do not invest in the inno- Mr. Mundkur Shyamprasad Kamath Engineering from Manipal Institute of
vators, but help with the challenges they took charge as the Managing Director Technology (MIT), Manipal (1989),
are facing in the business. The growth (MD) of Mangalore Refi nery and Petro- and a Post-Graduation Diploma in
impact will be seen in a few years chemicals Ltd. (MRPL). Management from TA Pai Management
because it is like scaling up a business. Institute, Manipal (1992).
Many are at the startup stage with inno- A MRPL statement said Mr. Kamath
vations at a very early stage. It will take has a professional career spanning over The statement said that Mr. Kamath
three to fi ve years to move from start-up 30 years in the downstream hydrocar- has held signifi cant roles demonstrating
to an established company,” said bon industry. During his previous tenure expertise in various areas throughout
Mr. Mariwala. as Executive Director (Refi nery) at his career. He possesses deep know-
MRPL, he excelled in managing ope- ledge of petroleum functions, includ-
Twelve start-ups featured in the MIF rations, maintenance, technical services, ing project conceptualisation, process
plastics portfolio have already saved and production planning. Mr. Kamath engineering, production planning, and
124,360-tonnes of carbon dioxide emis- holds a Bachelor’s degree in Chemical overall operations.

Chemical Weekly March 19, 2024 145

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