LT Foods, HKG join hands for bio-fertiliser plants
03 May 2021
LT Foods said that it is joining hands with the US-based Humankind Group (HKG) to explore an opportunity to develop commercial-scale biomass plants that can recycle rice paddy straw into green energy and bio-fertiliser in India.
This initiative aims to become the leading Indian forum for biomass up-cycling by facilitating programs to eliminate the practice of burning agriculture residue. It will also contribute to the creation of a waste-to-value ecosystem for sustainable products that impact a wide range of environmental, social, health, and economic outcomes, LT Foods said in a BSE filing.
Under this association, LT Foods, which has brands like Daawat, will become the local partner for HKG’s first commercial-scale biomass facility.
LT Foods Chairman V K Arora said in the filing, "We focus on the best business practices and processes for the environment, social and economic sustainability. This proposed project aligns well with our ongoing farmer engagement and environment programs along with its sustainability initiatives."
The technology of the biomass plant has been tested in Punjab, where it has been successfully operating since 2018.
After the success of the first two plants, HKG plans to scale up the number of plants to 130 facilities in India in the next 10 years in collaboration with the Biomass India Partnership.
HKG is co-founder of Biomass India along with NL Works, the Embassy of the Kingdom of the Netherlands, FMO, and Grameena Vikas Kendram Society for Rural Development (GVK Society).
"The program has the potential to contribute importantly to the development of a new industry in India that will enable to use of agricultural resources for a more sustainable future, large-scale reduction in CO2 emission and other important developmental impacts," HKG President Ken Hollen said.