HYDERABAD: Telangana has bagged another Rs 1500 crore of investments in compressed biogas (CBG) production facilities with South African player Biovest Holdings joining hands with Hyderabad-based Spantech Engineers (India) and EcoMax Energy (India) to initially set up 20 CBG plants across multiple districts in the state.
The three players have inked a bilateral technology transfer agreement, as part of which Spantech will supply its biogas purification systems called BioGenie to Biovest, which in turn will licence its breakthrough containerised modular anaerobic digestion technology called Herba, which is capable of 3X biomethane yields, to be manufactured locally by Spantech in Hyderabad.
EcoMax Energy is the exclusive partner that will deploy this technology through their CBG initiatives in Telangana and Andhra Pradesh, bringing in investments and creating employment opportunities for thousands across the state.
EcoMax Energy eventually plans to set up one CBG plant in each district leveraging the Herba technology. A MoU for the same was formally inked between between EcoMax and Spantech in the presence of Telangana government ministers and officials on Wednesday.
EcoMax Energy CEO & managing director M Rithvik Rao said the vision is to transform Telangana into a green energy powerhouse with self-reliance in compressed natural gas consumption while simultaneously creating thousands of green jobs and supporting agricultural communities. “We are actively raising capital from European green funds and development banks to finance this ambitious project, underscoring its global significance and environmental credentials,” Rao said.
The three players have inked a bilateral technology transfer agreement, as part of which Spantech will supply its biogas purification systems called BioGenie to Biovest, which in turn will licence its breakthrough containerised modular anaerobic digestion technology called Herba, which is capable of 3X biomethane yields, to be manufactured locally by Spantech in Hyderabad.
EcoMax Energy is the exclusive partner that will deploy this technology through their CBG initiatives in Telangana and Andhra Pradesh, bringing in investments and creating employment opportunities for thousands across the state.
EcoMax Energy eventually plans to set up one CBG plant in each district leveraging the Herba technology. A MoU for the same was formally inked between between EcoMax and Spantech in the presence of Telangana government ministers and officials on Wednesday.
EcoMax Energy CEO & managing director M Rithvik Rao said the vision is to transform Telangana into a green energy powerhouse with self-reliance in compressed natural gas consumption while simultaneously creating thousands of green jobs and supporting agricultural communities. “We are actively raising capital from European green funds and development banks to finance this ambitious project, underscoring its global significance and environmental credentials,” Rao said.
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