TruAlt Bioenergy has entered into a Memorandum of Understanding (MoU) with Sumitomo Corporation Asia & Oceania (SCAO), a prominent global provider of trading and investment solutions, to collaborate on the development of bioenergy business in India.
According to the press release, the two companies are exploring a strategic collaboration in India’s bioenergy sector, aiming to implement a variety of sustainable energy solutions. This potential collaboration will focus on key projects in areas such as Biogas and Compressed Biogas (CBG), First Generation (1G) Ethanol, Second Generation (2G) Ethanol, Sustainable Aviation Fuel (SAF), and biochemicals derived from the sugar value chain. Additionally, the collaboration will explore initiatives around carbon credit projects, aligning with both companies’ commitment to driving innovation and environmental sustainability in India’s growing bioenergy landscape.
The MoU is being signed at a pivotal moment as India progresses toward its climate action goals. TruAlt Bioenergy, one of India’s leading biofuels producers, has aligned its efforts with the country’s broader targets, including reaching 500 GW of non-fossil energy capacity and meeting 50% of its energy needs from renewable sources by 2030. With initiatives like its leadership in ethanol production and compressed biogas (CBG) under the SATAT scheme, TruAlt is well-positioned to significantly reduce carbon emissions and support India’s shift to cleaner energy. This collaboration with SCAO, with its global expertise in trading and investment, will bring advanced strategies and technological insights to enhance the scalability and efficiency of the partnership.
Vijay Nirani, Founder and MD, TruAlt Bioenergy said, “We are delighted to join forces with Sumitomo Corporation Asia & Oceania. This partnership strengthens our commitment to contributing to a cleaner energy future for India. Together, with Sumitomo’s global expertise and TruAlt Bioenergy’s dedication to biofuels, we are poised to unlock scalable and consistent solutions that will drive India’s energy transition while addressing global sustainability challenges, including decarbonization and energy security, as we work toward achieving the net-zero goal by 2070.”
TruAlt Bioenergy is one of India’s largest biofuels producers, strategically positioned as a prominent and diversified player in the biofuels industry, particularly in the ethanol sector. The company holds the distinction of being the largest ethanol producer in India by installed capacity. Through its subsidiary, Leafiniti Bioenergy, TruAlt Bioenergy is one of the first producers of Compressed Biogas (CBG) under the Sustainable Alternative Towards Affordable Transportation (SATAT) scheme, introduced by the Government of India in 2018.
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