Betolar has signed its first commercial agreements in India. The company and three Indian concrete manufacturers have entered into commercial agreements to use a low-carbon Geoprime solution that uses industrial side streams for a cement alternative.
The contract partners are Sneh Precast, Shiv Tiles and Balaiji Cement Products. The companies’ product offering focuses on various concrete products for infrastructure and environmental construction, such as pipes and paving materials. The three signed commercial agreements aim for a total concrete production volume of 250,000 tonnes by the end of 2023, the statement said.
“Last week, we opened up the Asian market with a commercial deal in Vietnam. We are now continuing to commercialize our Geoprime solution in India, a major construction market in Asia,” says Juha Pinomaa, Betolar’s Head of Asia Operations.
“In our company values, we are committed to being at the forefront of development and adopting technologies that promote sustainable development in our industry. Betolar’s company DNA has the same commitment to continuous development as we do. What is great about the Geoprime solution, is that the production process does not have to be redesigned, but the low-carbon solution can be implemented by adjusting the existing process,” says Pravin Chaudhari, CEO of Sneh Precast.
Godrej Construction, part of the Godrej & Boyce Mfg Co ltd, builds sustainable building materials and provides comprehensive civil engineering solutions. The company is, among other things, involved in the construction of the Mumbai metro network, the statement said.
The Indian government is pushing hard for the country’s construction industry to shift to more environmentally friendly building materials. Replacing cement with industrial side streams in concrete production is one of the key means. The government aims to reduce CO2 emissions by 45 percent by 2030 and to strive for carbon neutrality by 2070, according to the statement.
“The agreements now signed support the Indian government’s climate goals and open up significant opportunities to promote the local circular economy. We have tested multiple local side streams in India which opens an opportunity to use an increasing amount of various industrial side streams for the production of Geoprime concrete,” says Juha Pinomaa.
“The construction sector is one of the biggest contributors to CO2 emissions globally. New low-carbon, widely affordable building materials such as Geoprime solution are fundamental for fulfilling national goals for universal housing and robust infrastructure, while achieving a rapid reduction in India’s carbon footprint,” says Dr. Ashok Khosla, Chairman of TARA. “Leveraging TARA’s sustainability and local expertise, combined with Betolar’s innovative materials technology, we are able to provide sustainable cement-free alternatives to the Indian market.”
Founded in 2016 and is headquartered in Kannonkoski, Finland, Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime solution. The solution converts several previously unused high-volume industrial side streams into a substitute for cement.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.