Praj Industries Initiates ‘Green Fund' to Ethanol production
August 24, 2016http://biofuels-news.com/display_news/10909/indian_firm_launches_green_fund_to_boost_secondgeneration_ethanol/
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Praj Industries, an engineering company based in India, recently launched a 'Green Fund', focused on helping the company absorb projects on second-generation ethanol plants. This will help the Indian government achieve its target of having 10% ethanol in their fuel by 2022.
With this move, Praj will be the first technology provider to offer 'biomass to ethanol' projects under the Build, Operate & Maintain (BOM) package. The company will provide the technology, build the plant and assist in operating it.
Praj also designed a biomass supply chain model centered on farmers. The model will be helping the farming community generate profit from waste, which will be used to produce ethanol. This will generate rural employment & entrepreneurship opportunities for the youth as well.
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