The global carbon graphite market is projected to grow at a CAGR of 6.40 percent from 2023 to 2035, according to Business Research. At the forefront of this trend, RI Instruments & Innovation (RI Group) specializes in high-end research instruments and the mass production of graphene oxide, 2D materials, and their derivatives. Recognizing the pivotal role of nanotechnology in sectors such as automotive, construction, electronics, and packaging, the company dedicates itself to advancing technology across various industries. Additionally, RI works extensively with magnetorheological fluids used in dampers, shock absorbers, healthcare, and optical polishing technologies.
Founded in 2012, RI began manufacturing advanced analytical instruments like spectroscopy and polymer process machines, previously imported into India. Despite early challenges, it successfully sold its first machine in the U.S. and, within five years, emerged as a key player in spectroscopy and polymer testing instrumentation. By 2017, the company expanded into material science, establishing three divisions: machinery, material science, and societal products.
RI became one of the first Indian companies to mass produce graphene oxide and its derivatives, expanding into a global brand with production units in India, Kazakhstan, New Zealand, the UK, and Brazil. With a focus on graphite derivatives, used in industries such as construction, electronics, paints, fertilizers, and pharmaceuticals, the company is positioning India as a hub for carbon and nanotechnology.
"Using a top-down chemical approach, we have developed a specialized, cost-effective method for producing graphene oxide and its derivatives. This proprietary technique significantly lowers production costs compared to conventional methods. For instance, an investment of around $2 million can set up a facility capable of producing 4–5 kg of virgin graphene oxide daily. In contrast, other methods may require up to $10 million", says Rajendra Joshi, Founder, Director& CEO.
Innovative Solutions
A team of expert scientists and engineers supports RI's process, understanding the complexities of graphene, and 2D material production and providing client application support. The company ensures that its scientists assist clients in applying and validating results to meet promised standards. As graphene becomes more affordable and shifts toward commodity status, industries increasingly adopt this technology. However, many in India claim to produce graphene without the necessary equipment or expertise. It distinguishes itself by providing not just material supply but also robust application support, with a strong emphasis on material science.
RI focuses on advancing nanotechnology and establishing a significant presence in the carbon and nanotechnology sectors
The company has achieved significant success with international clients. In the U.S., a major packaging company faced challenges during initial trials, while in Kazakhstan it collaborated with scientists on a cement plant project in extreme conditions of minus 40°C. By refining their approach and adhering to international standards like ASTM and ISO, the team succeeded, leading to the establishment of two plants in Central Asia, with a third underway. In another case, a U.S.-based packaging company experienced color consistency issues in paint formulations using graphene. It resolved this through rigorous testing, including advanced techniques like Raman spectroscopy, ensuring correct application. Over a dozen major clients in India and abroad have since turned to RI after struggling with solutions from overseas suppliers.
RI's future roadmap includes establishing four units in collaboration with universities, acquiring a factory in Almaty, and working on a green energy project in Astana. The international presence is further strengthened by a joint development agreement with UNESCO's sustainability program and a production facility underway in Manchester. It has also signed an MoU with TFM Group and Cavendish Laboratory, University of Cambridge, making it one of the few Asian companies collaborating on superconductivity solutions. Over the next five years, RI plans to establish 25 plants globally, with seven joint ventures already under construction in India. The company is also advancing graphene oxide applications as alternatives to nonferrous metals.
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