Business Standard

A COMMERCIAL FEATURE

What's this ?

Commercial Feature is a Business Standard Digital Marketing Initiative.

The Editorial/Content team at Business Standard has not contributed to writing or editing these articles.

For further information, please write to assist@bsmail.in

Goodyear, Usher Agro and IISc co-develop green silica extraction process

Usher has secured loan from Dutch firm FMO & Germany's DEG to finance the world's first commercial scale plant for green silica, which can be used in tyre production

Rakesh Rao  |  Mumbai 

Goodyear to make tyres using silica derived from rice husk ash
Goodyear to make tyres using silica derived from rice husk ash

Agro processing company Usher Agro, in collaboration with the open innovation team of Goodyear Tire and Rubber Company and the Indian Institute of Science (IISc), Bangalore, has developed an extraction process for producing 'green' precipitated silica from rice husk ash. The produced silica will be used by Goodyear to replace carbon black and traditional silica in high performance tyres.
 
In fact, Goodyear is reportedly in process of setting up a consumer tyre plant using silica derived from rice husk ash – an agri-waste – in China. For this, Goodyear on June 9, 2015 reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash.
 
Compared to carbon black and traditional silica, green silica reduces rolling resistance. Lower rolling resistance, in turn, results in savings to the end-user as it improves a vehicle's fuel economy.
 
As a next step, Usher Eco will set up world’s first commercial scale silica extraction plant for producing ‘green’ high quality precipitated silica from rice husk ash. This ash is generated by burning rice husk (outer cover of the paddy) in the boiler of a rice husk fired biomass power plant, in a closed system.
 
For financing the green silica plant, Usher Eco, the subsidiary of Usher Agro, has signed a transaction with FMO, the Dutch development bank, and DEG, the German development finance institution, for $ 28 million senior secured loan (shared equally between DEG and FMO). Besides, FMO has subscribed to non-convertible debentures of the Indian rupee equivalent of $ 7.5 million issued by Usher Agro Ltd.
 
In addition to silica plant, Usher Eco will use the financing to expand its rice husk based waste-to-energy facility from 16 MW to 34 MW.
 
This landmark transaction is a first and innovative step to towards large scale access to 'green' silica and contributes to co-generation in the energy-deprived state of Uttar Pradesh, said FMO in a press release.
 
Hubertus Pleister, director corporates Asia at DEG, said, "We are happy to support the vision of Usher Eco on expanding on their 'green' approach of using rice husks as a green energy supplier by also extracting silica from the ashes after which the ash can be used as fertiliser."

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, December 23 2015. 17:02 IST
RECOMMENDED FOR YOU

Goodyear, Usher Agro and IISc co-develop green silica extraction process

Usher has secured loan from Dutch firm FMO & Germany's DEG to finance the world's first commercial scale plant for green silica, which can be used in tyre production

Usher has secured loan from Dutch firm FMO & Germany's DEG to finance the world's first commercial scale plant for green silica, which can be used in tyre production Agro processing company Usher Agro, in collaboration with the open innovation team of Goodyear Tire and Rubber Company and the Indian Institute of Science (IISc), Bangalore, has developed an extraction process for producing 'green' precipitated silica from rice husk ash. The produced silica will be used by Goodyear to replace carbon black and traditional silica in high performance tyres.
 
In fact, Goodyear is reportedly in process of setting up a consumer tyre plant using silica derived from rice husk ash – an agri-waste – in China. For this, Goodyear on June 9, 2015 reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash.
 
Compared to carbon black and traditional silica, green silica reduces rolling resistance. Lower rolling resistance, in turn, results in savings to the end-user as it improves a vehicle's fuel economy.
 
As a next step, Usher Eco will set up world’s first commercial scale silica extraction plant for producing ‘green’ high quality precipitated silica from rice husk ash. This ash is generated by burning rice husk (outer cover of the paddy) in the boiler of a rice husk fired biomass power plant, in a closed system.
 
For financing the green silica plant, Usher Eco, the subsidiary of Usher Agro, has signed a transaction with FMO, the Dutch development bank, and DEG, the German development finance institution, for $ 28 million senior secured loan (shared equally between DEG and FMO). Besides, FMO has subscribed to non-convertible debentures of the Indian rupee equivalent of $ 7.5 million issued by Usher Agro Ltd.
 
In addition to silica plant, Usher Eco will use the financing to expand its rice husk based waste-to-energy facility from 16 MW to 34 MW.
 
This landmark transaction is a first and innovative step to towards large scale access to 'green' silica and contributes to co-generation in the energy-deprived state of Uttar Pradesh, said FMO in a press release.
 
Hubertus Pleister, director corporates Asia at DEG, said, "We are happy to support the vision of Usher Eco on expanding on their 'green' approach of using rice husks as a green energy supplier by also extracting silica from the ashes after which the ash can be used as fertiliser."
image
Business Standard
177 22

Goodyear, Usher Agro and IISc co-develop green silica extraction process

Usher has secured loan from Dutch firm FMO & Germany's DEG to finance the world's first commercial scale plant for green silica, which can be used in tyre production

Agro processing company Usher Agro, in collaboration with the open innovation team of Goodyear Tire and Rubber Company and the Indian Institute of Science (IISc), Bangalore, has developed an extraction process for producing 'green' precipitated silica from rice husk ash. The produced silica will be used by Goodyear to replace carbon black and traditional silica in high performance tyres.
 
In fact, Goodyear is reportedly in process of setting up a consumer tyre plant using silica derived from rice husk ash – an agri-waste – in China. For this, Goodyear on June 9, 2015 reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash.
 
Compared to carbon black and traditional silica, green silica reduces rolling resistance. Lower rolling resistance, in turn, results in savings to the end-user as it improves a vehicle's fuel economy.
 
As a next step, Usher Eco will set up world’s first commercial scale silica extraction plant for producing ‘green’ high quality precipitated silica from rice husk ash. This ash is generated by burning rice husk (outer cover of the paddy) in the boiler of a rice husk fired biomass power plant, in a closed system.
 
For financing the green silica plant, Usher Eco, the subsidiary of Usher Agro, has signed a transaction with FMO, the Dutch development bank, and DEG, the German development finance institution, for $ 28 million senior secured loan (shared equally between DEG and FMO). Besides, FMO has subscribed to non-convertible debentures of the Indian rupee equivalent of $ 7.5 million issued by Usher Agro Ltd.
 
In addition to silica plant, Usher Eco will use the financing to expand its rice husk based waste-to-energy facility from 16 MW to 34 MW.
 
This landmark transaction is a first and innovative step to towards large scale access to 'green' silica and contributes to co-generation in the energy-deprived state of Uttar Pradesh, said FMO in a press release.
 
Hubertus Pleister, director corporates Asia at DEG, said, "We are happy to support the vision of Usher Eco on expanding on their 'green' approach of using rice husks as a green energy supplier by also extracting silica from the ashes after which the ash can be used as fertiliser."

image
Business Standard
177 22