Championing Sustainability: Exclusive Interview with Rahul Chaudhary, CEO, Ricron Panels

In an interview with ResponsibleUs, Rahul Chaudhary, CEO and Founder, Ricron Panels, discussed recent strategic investment with Boon environmental Technologies and how it aligns with their environmental aims. The discussion focused on Ricron Panels' proprietary technology, market expansion strategies, environmental impact indicators, and future aspirations. Investment Rationale and Sustainability Alignment: Boon Sustainability Technologies, led by the PolyCab promoters, invested in Ricron Panels to expand their market presence and promote eco-friendly construction materials. The investment is consistent with Boon's policy of supporting technology-driven enterprises that have a significant influence on sustainability, particularly in terms of lowering carbon emissions and promoting recyclable construction materials. Ricron Panels, a carbon-negative building material, are compatible with future regulatory requirements aimed at lowering carbon emissions. Technology and Product Features: Ricron Panels has created patented technology that converts low-value multi-layer plastic (MLP) into high-quality, termite-proof, and water-resistant building materials. Their product is 100% recyclable, overcoming issues in traditional materials such as plywood while also providing improved mechanical qualities through patented improvements. Expansion Strategy and Impact on the Indian Market: Ricron Panels plans to use the funds raised to enhance its distribution network and manufacturing capability. By 2028, they hope to recycle 100,000 tonnes of plastic per year and offset up to 1 million tonnes of CO2 emissions over five years. Environmental Impact Measurement and Goals: Ricron Panels measures its environmental impact primarily through carbon emission reductions, energy and water savings, and employment generation for waste picker communities. To secure long-term employment practices, they place an emphasis on social inclusion and adherence to labor regulations. Personal Motivation and Vision: Mr. Chaudhary emphasized his initial intent to address environmental issues with scalable solutions. He emphasized the importance of addressing plastic waste pollution on a global scale, as well as the possibility for sustainable building materials to satisfy rising global construction demands.