CEF Group Signs MoU With Uttar Pradesh Government to Increase Biofuel Production
CEF Group, an energy solutions company, has signed an agreement with the government of Uttar Pradesh to establish multiple waste processing plants in various locations throughout the state to address waste mismanagement and increase bio-fuel production.
According to the company, the group will invest Rs 650 crore in establishing the plants, which will employ approximately 240 people.
CEF Group CEO Maninder Singh Nayyar stated, "Uttar Pradesh is the country's largest state, and we are capable of providing adequate waste management solutions. This agreement will benefit the entire state in a variety of ways."
According to the company, organic waste processing plants using captively grown Napier grass will also be used, providing farmers with stable earnings. "In commercial farming, this is a direct replacement for chemical fertilisers. As a result, there will be more opportunities for sustainable and natural/organic farming on a larger scale. We'll be able to produce biofuels as well as organic manure, resulting in a more sustainable environment "Nayyar stated.
The organisation will convert municipal solid waste, agricultural waste, industrial waste such as press mud from sugar mills, and other organic wastes into biofuels and related products. The projects will be developed in stages, with construction beginning by the end of 2023. The waste and land will be provided by various municipalities in Uttar Pradesh. At the same time, the overall set-up of the project with offtake arrangements of the Bio-CNG and organic manure or city compost will be processed scientifically in the CEF waste processing plant.