Vivek Tandon Interviewed by BBC
In an article entitled "Asian Technology comes clean to provide green solutions", in BBC business news, Vivek Tandon speaks on investing in Asia.
"Mr
Tandon sees expected returns on investment of between 22% and 26% on
Asian clean tech projects, compared with a return of about 8% or 9% on
European equivalents.
His private equity fund has backed a number of projects in Asia, with Polygenta one of the most successful.
This
company uses patented technology to recycle plastic bottles to make
polyester fibre. Using what it calls the Renew process, clear and
coloured bottles take the place of many of the petrochemicals used in
standard polyester production.
The Polygenta processing plant in Nashik, India, recycles plastic bottles to make polyester fibre
In other words, it makes clothes out of plastic bottles.
The
process is more cost efficient and the resulting polyester is of higher
quality, the firm claims. As a result, it can charge more for it.
The
company's current plant operations in Nashik, India, constitute 6% of
global sustainable polyester production, it says, a figure the firm
hopes will grow rapidly in the coming years with more investment."