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Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has approved startup loan of Rs 1.15 crore to TGP Bioplastics for commercialising “compostable” plastic and thus also mitigate the usage of Single Use Plastics (SUP).
An MoU was signed between Technology Development Board, a statutory body under Department of Science & Technology and TGP Bioplastics Private Limited, Satara, Maharashtra for manufacturing & commercialization of compostable plastic.
The composite is a unique blend of Thermoplastic-Starch (TPS)-glycerin with some chemical modifications that provides higher strength with low manufacturing cost. The granules prepared from this composite can be moulded into any shape and used as per the requirement, and it further breaks down into natural substances once thrown out. With funding from TDB, the company targets a production capacity of 880 MT per annum, with an aim to provide compostable packaging solutions in the context of the nation’s need on phasing out non-compostable SUP.
The COVID-19 pandemic caused a surge in consumption of single-use plastics, particularly in the food service sector. Used primarily in the food and beverage industry, single use plastic items are used because of their reliance on packaging and convenience.
image credit- PIB