Shares of Manali Petrochemicals (MPL) surged 5% today after the company has entered into a Memorandum of Understanding (MoU) with Econic Technologies for introducing a more environment friendly, CO2 containing polyols, into the USD 28 Billion global polyols market. MPL has signed a MoU with Econic Technologies to scale their catalyst technology which would enable substitution of fossil based raw materials with captured waste CO2 in the production of polyols.

The partnership involves MPL and Econic collaborating to scale the technology at MPL's pilot plant in India. On successful completion, this will be followed by the introduction of the process to one of the production trains in MPL's main plant. The shared intent is to bring CO2 containing polyols to MPL's customers.

Shares of Manali Petrochemicals  are trading at Rs 111.90, up Rs 5.30, or 4.97%  at the Bombay Stock Exchange (BSE) on Monday at 11.10 a.m.

The scrip has touched an intra-day high of Rs 111.90 and low of Rs 108.70. The total volume of shares traded at the BSE is 186,580.

Currently, the stock is trading 52-week high of Rs 111.90  and 52-week low of Rs 27.10 on September 27,2021 and September 25, 2021 respectively.