September 2023 The G20 summit witnessed the launch of the Global Biofuels Alliance, a major initiative to promote sustainable biofuel production and use, announced by Prime Minister Narendra Modi. This initiative is a boon for the sugar industry in India, which can produce ethanol from...
September 2023 Aemetis, a US-based company that produces renewable natural gas and renewable fuels, has announced that its subsidiary in India, Universal Biofuels, has completed an expansion of its biodiesel plant ahead of schedule. The plant can now produce 60 million gallons of biodiesel per...
Schneider Electric, an energy management and automation company, has invested in Biofuel Junction, a clean-energy venture that produces solid biofuels from agricultural waste. Biofuel Junction aims to prevent stubble burning, a major source of air pollution and greenhouse gas emissions, by converting it into briquettes...
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...
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...
India bio-economy updates from BioBiz Diageo India, a leading beverage alcohol company, has launched a regenerative agriculture program in partnership with The Nature Conservancy India. The program will train over 5000 small-holder farmers in Punjab and Haryana on best practices to improve soil health, water quality, and biodiversity....
India bio-economy updates from BioBiz 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...
