TruAlt Bioenergy signs MOU with Sumitomo to develop bioenergy across India

In India, TruAlt Bioenergy has signed a Memorandum of Understanding (MoU) with Sumitomo Corporation Asia & Oceania (SCAO), a leading global trading and investment solutions provider, to collaborate on the development of bioenergy business across India.

TruAlt Bioenergy and SCAO are exploring a strategic collaboration in the bioenergy sector in India, focusing on a range of sustainable energy solutions. This potential partnership aims to advance projects across several key areas, including 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 signing of this MoU comes at a significant time as India continues to advance 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. TruAlt’s initiatives, such as its leadership in ethanol production and compressed biogas (CBG) under the SATAT scheme, position the company to contribute meaningfully to reducing carbon emissions and supporting India’s transition to cleaner energy. This collaboration with SCAO with its extensive global network and expertise in trading and investment, will provide advanced strategies and technological insights to ensure the scalability and efficiency of the partnership.