BiofuelCircle Wins NTPC Startup Challenge for Biomass Digital Marketplace
The start-up to co-fire biomass in its Thermal Power plants
BiofuelCircle, Indias first digital marketplace for biomass and biofuels wins the National Thermal Power Corporation Limited (NTPC) Startup Grand Challenge to Create a Digital Marketplace for Biomass.
Through this challenge, NTPC identifies a start-up company which will collaborate with it to fulfill its ambition to co-fire biomass in its Thermal Power plants. A pilot project will begin with two of NTPC power plants to help create a farm-to-furnace ecosystem.
Elaborating further, Suhas Baxi, Co-founder and CEO, BiofuelCircle said, “We are delighted to work with NTPC to fulfill a shared vision of creating organised and reliable rural supply chain for biomass. Our model has been recognised for its focus on rural enterprises and farmer participation, in creating a viable supply chain. At maturity, Indian power sector can consume farm waste from more than 5 million farmers across the country. We are excited to be at the cusp of a major green energy revolution in India.”
The start-up to co-fire biomass in its
