Swachh Bio, a lignocellulosic biofuel manufacturing company, has come forward to invest over Rs 1,000 crore and set up a bio-fuel plant in Telangana. The firm announced a capital investment of over Rs 1,000 crore, in the first phase, which will provide employment to 250 people at the plant, and 250 people in additional support and other roles.
The company entered into an agreement with the government following a meeting Praveen Paripati, Chairperson, Swachh Bio, had with Chief Minister Revanth Reddy during his second day of official meetings with top businessmen in the US. IT and ITES companies also are said to have evinced keen interest in investing in Telangana.
Swachh Bio’s international partner, Suganit Biorenewables, has developed a patented and viable technology in producing biofuels and biochemicals from biomass and cellulose, which would add to the Telangana government’s active efforts towards sustainable and eco-friendly growth of the state.
Tags: Biofuel Plant, Swatch Bio, Telangana
Recent Posts
Report Highlights Pathway for Electrifying Nigeria’s Container Trade Sector
South Korean Company YPP Plans to Invest up to $3.1 Billion in Green Hydrogen Production in Kazakhstan
WattEV Expands Electric Truck Charging Network with Three New Depots in California
Anemoi Develops New Method to Accurately Measure Wind-Assisted Propulsion Benefits
Navigator Holdings and Amon Maritime Form Joint Venture for Ammonia-Fuelled Carrier Fleet
Hygenco Commissions Maharashtra’s First Green Hydrogen and Oxygen Facility to Power STL’s Net Zero Goals
India Invites Second Round of R&D Proposals Under ₹4 Billion Green Hydrogen Mission
BMTC Adds 148 Tata Electric Buses to Bengaluru Fleet, Strengthens Green Mobility Drive