Home2023May (Page 11)

By Kishan Karunakaran, CEO, Buyofuel

India’s cement production capacity is expected to reach 550 MT by 2025. The cement demand is estimated to touch 419.92 MT by FY 2027 driven by the expanding demand of different sectors, i.e., housing, commercial construction, and industrial construction. Given that the cement industry heavily relies on fossil fuels for production, there is an urgent need to transition to sustainable, green, and renewable fuel options, such as biofuels, to transform the cement industry into a low-carbon emitting industry. The use of biofuels in the cement industry can offer a range of benefits for farmers, including additional revenue streams, waste reduction, improved soil health, and reduced dependence on fossil fuels.

Rapid development and urbanisation have propelled India’s economic progress on an upward trajectory. The Indian government has made significant investments in large-scale infrastructure projects in recent times, aiming to boost connectivity and create new avenues for revenue generation and employment opportunities.

With growing industrialisation and a burgeoning population, there is an increasing need to build robust infrastructure across the country to meet demands and cater to the needs of the people. This infrastructure push has resulted in a domino effect across various industries, with the cement industry being particularly prominent among them.

India, the second largest cement manufacturer globally, is experiencing a surge in cement demand, leading cement producers to ramp up their manufacturing capacity.  For example, in 2022, India constructed 12,000 kilometres of highways, and the demand for housing continues to rise. The housing sector alone accounts for 60-65 per cent of India’s cement consumption, and as a result of these factors, predictions indicate that cement production is expected to grow by approximately 6-8 per cent in 2023-24. The infrastructure push is expected to catapult cement consumption and demand in the country. However, it is crucial to note that this growth also presents the challenge of ensuring sustainability in the long term with minimal environmental impact.

India has committed to achieving a net-zero economy by 2070 and has set a target of meeting 50 per cent of its electricity needs from renewables by 2030. Given that the cement industry heavily relies on fossil fuels for cement production, there is an urgent need to transition to sustainable, green, and renewable fuel options, such as biofuels, to transform the cement industry into a low-carbon emitting industry.

According to the available data, the cement industry is responsible for 8 per cent of global CO2 emissions. It is also a significant source of pollutants, including dust, particulate matter, and hazardous gases such as NOx (nitrogen oxides), SOx (sulphur oxides), carbon dioxide, methane, and others. However, on a positive note,  cement manufacturers have recognised the importance of mitigating carbon-emitting practices and investing in greener options, such as biomass briquettes, to reduce their carbon footprint, decrease dependency on fossil fuels, improve efficiency, and gain cost-related advantages.

To read more click on:https://agrospectrumindia.com/e-magazine

By Kishan Karunakaran, CEO, BuyofuelIndia’s cement production

To begin with, Inera will be going live across 16 states in India including Andhra Pradesh, Karnataka, Tamil Nadu, Punjab, Haryana

Absolute, a bioscience company, has announced the launch of its biological agri-input business, Inera CropScience. The company’s crop-agnostic range of bio fertilisers, biostimulants, biocontrols, and seed coating products has been launched in India, where Inera aims to meet the needs of 20 per cent of the world’s population and the highest arable land of any single nation in the world.

Inera intends to capture a 20-30 per cent industry market share in subsequent years as the world rapidly adopts biologicals, with the CAGR in the US at 12 per cent, EU at 9 per cent, Asia at 11 per cent, and MEA at 10 per cent. The sector is gradually getting cluttered with me too markets, with fierce competition and multiple players making products that are already well established. However, fewer players in the biological sector are building innovative, high-quality products, which is the gap that Inera aims to fill.

Inera has made crucial strategic investments in expanding research and manufacturing capabilities to meet end-consumer’s demands. The speciality sector is gaining rapid momentum, and Inera intends to become a key market player in this sector, which is a triple-digit-billion-dollar market. To begin with, Inera will be going live across 16 states in India including Andhra Pradesh, Karnataka, Tamil Nadu, Punjab, Haryana etc with the help of local channel partners (distributors) who are being onboarded. Inera also plans to explore channels for consumers through D2F and e-commerce in the upcoming phases.

Speaking on the launch Agam Khare, CEO & Founder, of Absolute Inera Cropscience, says, “A true breakthrough in agriculture can only come from an unparalleled understanding of why nature and plants behave the way they do, by understanding their choices and preferences, and then marrying that science with the latest in technology to build sustainable products and services that impact at scale. Inera is committed to bringing exceptional crop health and protection products that improve farmer profitability, environmental sustainability & climate resilience.”

Prateek Rawat, COO & Co-founder, of Absolute Inera Cropscience, says, “Inera is invested in building a full range of sustainable biological inputs for agriculture worldwide. With the dynamic landscape of modern farming, growers need inputs that are broad in their use and tolerance. Sustainability is built into everything we do regarding resource use and health of the natural ecosystem at large.”

To begin with, Inera will be going