August 9

Mitsui & Co Invests in Biomass Supply Chain Manager Punjab Renewable Energy Systems

By Swet Sarika

Mitsui & Co., Ltd announced today that it will invest Rs 30 crore ($4.1 million) in Punjab Renewable Energy Systems Pvt Ltd (PRESPL), a biomass supply-chain management company in India.

PRESPL is involved in the collection, storage and processing of agricultural residues and the production of biomass briquettes and pellets to meet the growing demand for biomass fuel from India’s rapidly expanding bio-energy industry.

PRESPL also provides a range of operation, maintenance and other technical services to the industry.

Photo courtesy of Christophe Maertens.

Source: VCCircle (link opens in a new window)

Energy, Impact Assessment
renewable energy