Praj Industries has announced that it will diversify into the global renewable chemicals and materials (RCMs) industry. As a part of its newly launched Bio-Prism portfolio, Praj is developing technologies to produce bio-based RCMs. RCMs produced from bio-based feedstock are sustainable alternatives to products made from fossil resources. Praj’s Bio-Prism portfolio comprises a variety of bio-industrial products, including bio-plastics along with cellulose-lignin refinery products, etc. These products have applications in the automotive, packaging, furnishing, construction, agricultural and food industries. Over the short-to-medium term, Praj plans to commit substantial resources for technology and application development. It has entered into technical collaborations with global organisations and signed an MoU with the National Chemical Laboratory for jointly working on promising project opportunities in the RCM space.