Punjab Renewable Energy Systems Pvt Ltd (PRESPL) is a biomass-to-steam company. PRESPL seeks to raise ₹150 crore. The company's existing shareholders, including NEEV Fund (holding 37% stake), Mitsui of Japan (34%), and Shell (13%), may either dilute their stakes or participate in the new funding...
August 2023 The Uttar Pradesh government plans to use agricultural waste or biomass to produce pellets and ethanol for power generation and fuel blending. This will provide an additional income source for farmers, reduce air pollution, and save coal costs. The state has an annual...
The government of Uttar Pradesh intends to produce ethanol and power from biomass or agricultural waste. In thermal power plants, biomass will be transformed into pellets using a procedure known as extrusion, which will save costs and minimize emissions. In Uttar Pradesh, there is a...
July 2023 IIT Mandi’s Centre for Innovative Technology for the Himalayan region has developed a machine that can produce briquettes and pellets from pine needles, which are harmful to the environment when they accumulate on the forest floor. The machine will be used to prevent...
Mrach 2023 Buyofuel, an online marketplace for green fuels, has partnered with Sai Vasudev Briquettes, a manufacturer of biomass briquettes. The partnership will make biomass briquettes, which are eco-friendly alternatives to fossil fuels, available on Buyofuel’s platform. Buyofuel will also support the manufacturer with regular...