TruAlt Bioenergy has entered into a Memorandum of Understanding (MoU) with Sumitomo Corporation Asia & Oceania (SCAO), a global trading and investment solutions provider.
The collaboration focuses on advancing the bioenergy sector across India, with an emphasis on sustainable energy solutions.
Strategic Collaboration in Bioenergy
The partnership between TruAlt Bioenergy and SCAO aims to foster the development of various bioenergy projects in India.
Key areas of focus include biogas, compressed biogas (CBG), first generation (1G) and second generation (2G) ethanol, sustainable aviation fuel (SAF), and biochemicals derived from the sugar value chain.
Furthermore, both companies will explore initiatives related to carbon credit projects, supporting India’s commitment to environmental sustainability and innovation.
Aligning with India’s Climate Goals
The timing of the MoU is important, as India accelerates its climate action objectives.
TruAlt Bioenergy, a leader in biofuels production in India, aligns its efforts with the country’s targets, including achieving 500 GW of non-fossil energy capacity and sourcing 50% of its energy from renewables by 2030.
TruAlt’s leadership in ethanol production and compressed biogas (CBG) under the SATAT scheme underscores the company’s role in reducing carbon emissions and facilitating India’s transition to cleaner energy.
Leveraging Global Expertise for Scalable Solutions
The collaboration with SCAO brings significant advantages, as the corporation offers extensive global experience in trading and investment.
The partnership will leverage SCAO’s strategic insights and technological expertise to scale bioenergy solutions effectively.
As reported by bignewsnetwork.com, the two companies aim to drive India’s energy transition. They are focusing on decarbonization and energy security. Additionally, they support the nation’s long-term sustainability goals.
Commitment to a Cleaner Energy Future
Vijay Nirani, Founder and Managing Director of TruAlt Bioenergy commented, “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. These solutions will drive India’s energy transition while addressing global sustainability challenges. This includes decarbonization and energy security as we work toward achieving the net-zero goal by 2070”.
