JULY 20238TOP STORYINDIA & THE US ARE LIKELY TO COLLABORATE ON GREEN H2 , CARBON CAPTURE, & BATTERY ENERGY STORAGEPIDILITE TO MANUFACTURE LITOKOL & TENAX PRODUCTS FROM ITALY IN INDIAPidilite Industries Ltd, a leading manufacturer of construction and specialty chemicals, announced the launch of its state-of-the-art manufacturing facilities under its two joint ventures, Pidilite Litokol Pvt Ltd (PLPL) and Tenax Pidilite Pvt Ltd (TPPL), in Amod, Gujarat. Litokol SPA Italy and Tenax SPA Italy have transferred technology to Pidilite as part of the Joint Venture. This event signifies a milestone development in technology transfer in India's stone and ceramic solutions industry.Tenax offers some of the best product solutions for the installation and upkeep of marble and granite stones. These products provide a seamless finish and long-lasting luster and shine to marble and granite. Litokol's Starlike range of quartz-based technology epoxy grouts are stain proof, nonabsorbent and highly suitable for both interior and exterior floor and wall applications, even in severe operating conditions.Bharat Puri, Managing Director at Pidilite Industries Limited, said, "At Pidilite, we continuously strive to innovate and lead the way in all our categories and product offerings. Roff, our pioneering brand, is a true game-changer that aims to revolutionize the stone and tile fixing industry in India. The joint ventures with Tenax and Litokol reiterate our commitment to redefine industry standards and delivering world-class solutions. Given our robust distribution network and this global expertise, we will empower our customers with new age and long-lasting solutions. This partnership marks a significant milestone as we stride confidently towards a future of success. We congratulate the teams of Roff, Litokol, and Tenax for their outstanding efforts in making this journey possible". India and the US are anticipated to explore collaboration in green and clean hydrogen, carbon capture utilisation and storage (CCUS) and battery energy storage systems. The two countries could also look to partner to speed up cooperation in offshore and onshore wind power and other emerging technologies for energy transition, people close to the development said.This comes in the backdrop of Prime Minister Narendra Modi's state visit to the US. The G20 Summit, under India's presidency, has also highlighted the energy transition as a key focus area. "Both countries could look to collaborate on reducing the cost of green and clean hydrogen", one of the persons said.The production of green hydrogen is currently a high-cost prospect but is expected to become viable with scale. India has ambitious plans in the green hydrogen space. The National Green Hydrogen Mission aims at a production capacity of at least 5 million metric tonnes a year by 2030. The US' Hydrogen Energy Earthshot, launched in 2021, seeks to reduce the cost of clean hydrogen by 80 percent to $1/kg in a decade.India has led discussions on the carbon capture utilisation and storage technology as part of the G20 side events and is open to conduct more pilot projects on it, another person said. The major challenges for CCUS are high cost per unit and what kind of technology to use for storage, he added.
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