Green Fuels, Aris Bioenergy MoU for biodiesel refining
16 November 2020
Green Fuels, the distributed-scale biodiesel, and advanced biofuels company signed a memorandum of understanding with Aris Bioenergy Pvt Ltd, having a large-scale network of used cooking oil aggregation, committing the two companies to a biodiesel refining joint venture in India.
Under the agreement, Green Fuels and Aris have formed a company that will leverage Aris’s considerable experience in used cooking oil collection in the Mumbai metropolitan area. This feedstock will be transformed into biodiesel in a Green Fuels FuelMatic GSX20 biorefinery to be located in an industrial zone midway between Mumbai and Pune. The joint venture is currently engaged in the tendering process to supply the offtake from this and future plants to India’s three state-operated Oil Marketing Companies (OMCs).
Reacting to the MoU announcement, Honourable Environment Minister of Maharashtra, Mr Aaditya Thackeray added “Maharashtra is committed to building a cleaner and greener future. Today’s MoU signing between Green Fuels UK and Mumbai based Aris BioEnergy is a big step in the right direction, re-affirming our commitment towards attracting ‘Green’ investments and projects into the state of Maharashtra. The state is working actively on implementing various initiatives to reduce its carbon footprint and impact on climate change and is working on implementing large scale Renewable Energy projects.”