Odisha Chief Minister Naveen Patnaik Tuesday laid the foundation stone of the Runaya Refining project in the state.
The unit is an end-to-end green solution for the recovery of aluminium and processing residual waste from aluminium smelters, Runaya Refining LLP said in a statement.
Runaya Refining Chief Executive Officer Annanya Agarwal said: "Runaya's vision is to enable growth in the aluminium industry in a sustainable manner... It is an important strategic initiative as a specialty innovative solutions, which provides value-added products for regional and global markets."
"We have worked passionately to bring a 'green' eco-friendly technology to India and we hope that this pioneering step would set a trend for developing similar sustainable projects in the country," Agarwal added.
Runaya Refining is a sustainability solutions company with operations based on its licensed proprietary patented technology.
Runaya uses a technology which is in line with its vision for green projects and is based on zero-waste and zero-discharge.
This technology is being introduced for the first time in South East Asia. Runaya has the capacity to process 30,000 tonnes per annum of aluminium dross into value-added product.
The project will address one of the biggest challenges facing the aluminium industry currently, which relates to the handling, evacuation and disposal of dross in an environmental-friendly manner, the company said.
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