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Table of Contents Lubrizol Announces Nitin Mengi as Vice President, Lubrizol Additives, IMEA 20 Climate Entrepreneurs from Kashmir to Kanyakumari Come Together to Solve Local Sustainability Challenges

Lubrizol Announces Nitin Mengi as Vice President, Lubrizol Additives, IMEA Wednesday 03 April 2024 06:45 AM UTC+00 Business Wire India As part of its growth commitment in India, the Middle East and Africa (IMEA), Lubrizol is pleased to announce that Nitin Mengi will join the company as Vice President, Lubrizol Additives, IMEA as well as Chairman & Managing Director, Lubrizol India Private Limited. This appointment reinforces the organization's commitment to strengthen its focus on growth in India while ensuring success with our customers, suppliers and other key stakeholders.   In this role, Nitin will work with our customers in the region to propel growth for the company's Additives' business, serving transportation and industrial markets, and drive opportunities for customers across the region. He will also collaborate with Bhavana Bindra, who recently joined the team as Managing Director, Lubrizol IMEA, to advance our strategy in the region.   "Lubrizol has continued to advance its priorities throughout IMEA, adding to our regional leadership team will help accelerate our work," said Flavio Kliger, SVP, President, Lubrizol Additives. "We are committed to growth in IMEA and supporting our customers with sustainable solutions that advance mobility, improve well-being and enhance modern life."   Nitin brings more than 20 years' experience leading cross-functional teams in the gas and oils industry in several regions, including Asia Pacific, India, the Middle East and Africa. He received a Bachelor of Engineering degree from the Maharashtra Institute of Technology, with a focus in petroleum and petrochemicals. He also received an MBA from the Institute of Management Technology in Ghaziabad, India.   "Lubrizol's leadership in the industry is something I have known about and respected for some time. I'm delighted to now be part of the truly impressive plans for Lubrizol's future," Nitin said.   Lubrizol continues to bolster its IMEA operations and capabilities, augmenting the company's current capacity, commercial and technical capabilities. This includes a $150 Million investment in India to promote growth, most notably the construction of a new, state-of-the-art CPVC resin plant in Vilayat, India, which will be the world's largest CPVC resin plant when operational in 2025 and a Global Capacity Center (GCC) in Pune, India, a strategic investment to support Lubrizol innovation in the region.

20 Climate Entrepreneurs from Kashmir to Kanyakumari Come Together to Solve Local Sustainability Challenges Wednesday 03 April 2024 10:20 AM UTC+00 Business Wire India The global impacts of climate change are already being felt across the ecosystem, particularly in agriculture. Innovation and collaboration are the most fundamental pillars for us to develop long-term, viable solutions for the future climate & sustainability concerns. With this point of view, the Improving Lives Foundation along with, Bioriidl, riidl Somaiya Vidyavihar launched the Climate Tech & Sustainability Acceleration Program funded by OmniActive Health Technologies. This unique residential program kicked off with 20 visionary climate entrepreneurs selected from over 150 applications, with the idea to help these solutions scale and tackle challenges particularly focused on agriculture and innovation in the material domain. The solutions panned domains of space technology, materials, clean energy, agriculture technology, and horticulture. The program was one of the most diverse programs ever, with solutions from the length and breadth of India - from Kashmir to Kanyakumari, from the most rural districts to the financial capital, showcasing the true vision of Viksit Bharat. Chaitanya Desai, COO & India Head, OmniActive Health Technologies stated, "This program reaffirms OmniActive's commitment to fostering innovation, and gives corporates like ours an opportunity to support & leverage the creativity of these young startups and the entrepreneurial ecosystem, paving the way for real-world implementation of groundbreaking solutions." Recognizing the potential of these startups from this cohort to make a global impact, the top 6 startups were awarded grants to commercialize their innovations at scale. These grants were particularly focused on accelerating the growth of the innovations identified and nurtured during this program. These included:   Kashmir based Farooqi Feeds is transforming the animal feed industry by recycling agricultural wastes, aiming to cut 90% of imported feed, boosting farmer savings and making them more independent to boost the domestic Kashmir business ecosystem. Gurgaon based CI Metrics leverages satellite imagery & AI to predict crop growth with over 90% accuracy + predict climate indices with weather & man-made events, solving critical need for risks in agri, logistics, insurance and defense. Lucknow based Lenz Energy Industry Pvt Ltd's fuel-less electric generator technology Faraday Generator provides 90% cheaper than grid and 50% cheaper than solar electricity & produces 6 times more power than plants to complete the energy requirement of all commercial industries. Bangalore based Ekosight Technologies Pvt Ltd is revolutionizing farming with a unique precision soil testing offering that helps farmers optimize their soil by providing accurate results and crop based recommendation, resulting in cost-saving by 20% and yield increase by 15%. Bangalore based EasyKrishi Pvt Ltd is revolutionizing the use of waste by empowering self help groups to create agarbattis from waste including flower waste and other agricultural waste. - Mumbai based Cocoplast is developing alternatives for hard plastic with various applications from coconut waste. Bhavna Pandya, Head, Bioriidl & Innovation Catalyst, riidl Somaiya Vidyavihar, emphasized the importance of supporting startups stating, "The Climate Tech & Sustainability Acceleration Program stands as a testament to the collective dedication towards addressing the challenges posed by climate change. By nurturing and supporting the next generation of climate entrepreneurs, we are enabling them to build a more sustainable future for generations to come." Throughout the program, the startups benefitted from over 15 curated workshops by industry experts covering domains including Supply Chain Management, Digital Marketing, Agricultural Market Insights, Customer Discovery, Grant Writing, IP & many several more. In addition, the program also facilitated industry connections, one-to-one mentorships, dedicated office hours, networking events to facilitate interaction with HNIs, and demo day with sector specific investors. To this, Rushva Parihar, Head, Improving Lives Foundation added, "We are proud to be able to foster innovation. The biggest challenge that startups face is not being able to move from the idea to scale stage by commercializing their products or offerings. Through this unique program, we hope that we have been able to give them the support and funding to help scale these ground breaking solutions in the sustainability domain. We are committed to continuing our support to all the startups and helping them as needed in their journey."

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