Page 138 - CW E-Magazine (17-12-2024)

Top Stories

market addressed the current land- Day 2 sessions delved into advancing exploring ways to increase recyclability
scape, regulations, challenges, and sustainability in PU foam manufactur- of PU fl exible foam in the Indian sub-
actions needed to build a circular plas- ing, highlighting process development continent. A panel discussion focused on
tics framework. Discussions also took and optimization through simulation. navigating circularity hurdles and evalu-
a closer look at India’s collection and Other topics include transforming old ating whether EPR (Extended Producer
sorting infrastructure, identifying gaps PU foam into materials with potential Responsibility) is driving impactful
and opportunities for improvement. for wastewater decontamination and changes in plastics packaging.

INDUSTRY-ACADEMIA TIE-UP
Hyundai Motor Group joins up with IITs to boost EV

research in India

South Korea’s Hyundai Motor
Group has announced a strategic part-
nership with three premier Indian Insti-
tutes of Technology (IITs) – IIT Delhi,
IIT Bombay, and IIT Madras – to esta-
blish a robust research framework in
battery technology and electrifi cation.
The initiative aims to develop innovations
tailored to the unique requirements of
the Indian market.

At the core of this collaboration is
the plan to establish the Hyundai Centre
of Excellence (CoE) within IIT-Delhi.
Sponsored by Hyundai Motor Group, tute at IIT-Delhi. Hyundai Motor Group bilities for advanced technologies and
the CoE’s objective is to play a lead role believes the partnership with IITs will fostering innovation for India-specifi c
in pioneering advancements in electric facilitate academic – industrial research, products. HMIL has invested in a battery
vehicle (EV) technology, focusing on talent development, and knowledge assembly plant in Chennai, which will
batteries and electrifi cation solutions sharing between Korean and Indian have an initial capacity of 75,000 battery
to meet the unique requirements of the experts. Initiatives include technical packs per annum by next year. The com-
Indian market, said a statement. “We exchange programmes, special lectures pany has also leased part of its Chennai
believe that Hyundai CoE will cultivate by Hyundai’s experts, and training Manufacturing Plant to Mobis India Ltd.
a strong network of talented individuals programmes in Korea. for EV battery assembly. These batteries
from India’s academic landscape, driv- will be supplied to Hyundai and its
ing innovation and future growth,” said The Hyundai CoE is expected to sister company, Kia, to help lower import
Mr. Naksup Sung, Head of Hyundai be critical in enhancing research capa- costs for battery packs.
Motor Group’s R&D Planning & Coor-
dination Centre. Maharashtra offers land for JSW’s

Hyundai Motor Group has commit- lithium-ion battery project
ted an investment of about $7-mn over
fi ve years (2025-2029) to support re- The Maharashtra State Govern- The company was offered a land
search activities in battery technology, ment has submitted its offer letter to parcel of 450-acres at the addi-
software development, hydrogen fuel steel giant JSW Group for setting up tional Butibori industrial estate of
cells, and electrifi cation. The collabo- its proposed lithium-ion battery pro- MIDC and incentives amounting to
ration will also involve the Centre for ject in Nagpur. The fi rst phase is ex- 110% of its investment in the form
Automotive Research and Tribology pected to entail an investment of of state GST refund, according to
(CART), a dedicated EV research insti- Rs. 15,000-crore. reports.

138 Chemical Weekly December 17, 2024

Contents Index to Advertisers Index to Products Advertised