Connect with:
Tuesday / December 3. 2024

logo
mobile-logo
HomePosts Tagged "Buyofuel"
Award, Biofuel industry, Company News, India

SET100 list was first launched in 2017 in collaboration with the World Energy Council with the aim of offering young companies a platform to showcase their forward-thinking solutions.

Biofuel Manufacturer and aggregator Buyofuel, proudly announced that Buyofuel has once again been selected as one of the top 100 international start-ups in the Clean Energy & Storage category for the SET Award 2024. With over 430 start-ups from 75 countries vying for recognition, being among the chosen few for two consecutive years has truly been an honour for the cleantech startup. SET100 list is a compilation of the top 100 SET Award applications. The initiative was first launched in 2017 in collaboration with the World Energy Council to offer young companies a platform to showcase their forward-thinking solutions.

As the Industry sector moves towards a net-zero horizon, SET100 start-ups are fusing technological innovation with sustainability principles to reshape operating paradigms. Endeavours led by SET100 start-ups in this domain target the core of industrial operations, slashing carbon emissions in key sectors like agriculture, manufacturing, and energy production.

“We are honoured to be recognized among the top 100 global start-ups by the SET Award,” said Kishan Karunakaran CEO of Buyofuel. “This achievement underscores our commitment to leveraging technology to drive positive change in India’s biofuel sector. Our team’s dedication and innovative solutions have once again earned us this prestigious recognition. At Buyofuel, we are dedicated to empowering businesses and communities to embrace sustainable energy solutions, paving the way for a cleaner and greener future.”

SET100 list was first launched in 2017

Agrotech, Biofuel industry, Company News, India, IT, Start ups

BuyoTrace is designed to instil confidence among consumers regarding the quality and sustainability of the biofuels they purchase through the platform.

Buyofuel, a leading player in the biofuel industry announces the launch of ‘BuyoTrace’, a cutting-edge feature integrated into its online green fuel marketplace. BuyoTrace marks a significant leap forward in ensuring the authenticity and sustainability of biofuels, reinforcing Buyofuel’s commitment to innovation, sustainability, and customer empowerment.

BuyoTrace is designed to instill confidence among consumers regarding the quality and sustainability of the biofuels they purchase through the platform. This transparency not only benefits consumers but also aligns with Buyofuel’s dedication to meeting global environmental goals.

Key features of BuyoTrace include:

  • Source Verification: Tracks and verifies the origin of biofuel products, providing users with confidence in the authenticity of their purchases.
  • Sustainability Assurance: Ensures that the biofuels traded on the Buyofuel platform are sustainably sourced, aligning with global environmental goals and sustainability standards.
  • Transparency: Offers complete visibility into the biofuel supply chain, enhancing trust among users by providing a clear understanding of the product’s journey.
  • User Empowerment: Empowers buyers with information to make informed purchasing decisions, fostering a sense of responsibility and awareness in the biofuel market.

“This one of the first of its kind feature, BuyoTrace, sets a new standard in the biofuel industry,” said Kishan Karunakaran CEO of Buyofuel. “It is a testament to our commitment to innovation, sustainability, and customer empowerment. By providing complete transparency, we aim to redefine the biofuel market and contribute to a more sustainable future.”

The Buyofuel platform serves as a one-stop solution for connecting raw materials aggregators, manufacturers, consumers, and waste materials, making biofuel accessible to a wider audience. With the introduction of BuyoTrace, the platform now offers a ground-breaking traceability system that leverages advanced technology to track the journey of biofuels from their source to the end consumer.

BuyoTrace is designed to instil confidence among

Agrotech, Biofuel industry, India, Opinions

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