MoU signed with Aditya Birla Group's Advanced Materials to explore composite waste recycling

Organic Recycling Systems Ltd has entered into a Memorandum of Understanding with the Advanced Materials business of Aditya Birla Chemicals (Thailand) Limited, part of the Aditya Birla Group.

Wed 7 Oct 2026

MoU Signing Date

October 07, 2026

Consideration

Nil

Counterparty

Advanced Materials business of Aditya Birla Chemicals (Thailand) Limited, part of the Aditya Birla Group

The Advanced Materials business of Aditya Birla Chemicals (Thailand) Limited, part of the Aditya Birla Group, and Organic Recycling Systems Limited have entered into a Memorandum of Understanding (MoU) on October 07, 2026.

The update describes the arrangement as international in nature.

What the MoU covers

• The purpose is to explore the development of composite waste recycling solutions and potential pathways for material recovery and reuse.
• The area of agreement is strategic and technical collaboration in composite waste recycling, including evaluation and development of recycling processes, material recovery pathways, process optimisation and potential reuse of recovered materials.
• ORSL will leverage its expertise in waste processing, recycling, resource recovery and technology development, while Advanced Materials will contribute its expertise in materials and epoxy technologies, including Recyclamine® epoxy systems.
• The parties will evaluate technical processes, material recovery pathways, process optimisation and potential commercial applications.

Financial and transaction terms

• Consideration paid or received in the agreement: Nil.
• Share exchange ratio / JV ratio: NA.
• The agreement does not fall within related party transactions.
• The promoter / promoter group companies have no interest in the entity with whom the agreement is entered.

The counterparty

• Aditya Birla Chemicals (Thailand) Limited is a company of the Aditya Birla Group, and its Advanced Materials business is engaged in specialty materials and epoxy-based solutions, including solutions for composite applications.
• The Aditya Birla Group is described as a US$72-billion global conglomerate with operations spanning metals, cement, chemicals, textiles and financial services.

Rationale and expected benefit

• The collaboration is expected to combine the materials and technology expertise of Advanced Materials, including Recyclamine® technology, with ORSL's expertise in waste processing, recycling and resource recovery, with a view to exploring technically viable, scalable and commercially viable solutions for composite waste recycling and material recovery.
• The press release notes that composites, made of reinforcing fibre and liquid epoxy resin, offer lightweight performance, strength and durability and are used across wind energy, transportation, construction, aerospace and industrial manufacturing, while conventional thermoset composites are inherently challenging to recycle because their permanently crosslinked resin matrix cannot be broken down to recover valuable raw materials.
• Aditya Birla's Recyclamine® epoxy system is described as enabling separation of raw materials during the recycling process and their subsequent recovery for potential reuse.
• ORSL says it will take the lead in integrating and optimising composite recycling processes to target a wide range of waste materials, including conventional epoxy-based materials as well as Aditya Birla's Recyclamine® epoxy system, allowing for a closed-loop system.

How to read this

• This is a Memorandum of Understanding between the two parties, framed around exploring and evaluating recycling solutions, with Nil consideration stated in the disclosure.
• Two named officials comment in the press release: Rajesh Balakrishnan, Chief Executive Officer, Advanced Materials, Aditya Birla Group, and Dr. Manju Tanwar, Chief Scientist and Head of R&D, ORSL.

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