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Non classified | Not Classified - india | PID: 202265
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GAIL India and TruAlt Bioenergy have entered into a USD 72-million compressed biogas (CBG) joint venture (JV) for setting up 10 plants with targeted production of over 33 million kg of CBG which will utilise organic waste as raw material
Each plant will have the capability to process 10,000 kg of organic waste per day and produce 1,00,000 kg of CBG. The initiative is expected to generate over 600 jobs, while also producing solid fermented organic manure (SFOM) and liquid fermented organic manure (LFOM)
In the JV, named Leafinti Bioenergy, AIL will hold 49 percent stake and TruAlt Bioenergy will have 51 percent. The investment will be a mix of debt and equity
TruAlt Bioenergy, which is part of India’s ethanol-blended petrol (EBP) programme, aims to create a CBG ecosystem to enable the transition to economical and ecological energy sources. The venture is expected to contribute to sustainable agriculture practices
| Updated on: 04 - Jan - 2024
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