Biomass & biofuel marketplace, BiofuelCircle creates digital enterprise for FPOs and farmers

Biomass & biofuel marketplace, BiofuelCircle creates digital enterprise for FPOs and farmers
BiofuelCircle presents an opportunity for FPOs and rural enterprises to create viable business models to supply agricultural residue as a green energy alternative

BiofuelCircle, a digital marketplace for biomass and biofuels, is developing a digital enterprise for farmer producer organisations (FPOs) and farmers. Under the guidance of Ministry of New and Renewable Energy (MNRE), Government of India and GIZ, it has partnered with BAIF to set up 20 such enterprises in Maharashtra. A workshop was organised in Pune to showcase the model and demonstrate on-ground development of strengthening the biomass supply chain.

The two-day workshop was organised at the BAIF campus in Pune where various industry experts deliberated on the potential of clean energy using technology-based solutions.

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Speaking at the occasion, Dinesh Jagdale, Joint Secretary, Ministry of New and Renewable Energy, elaborated on the changing energy landscape in India and how the country has taken a leadership position in terms of renewable energy. “A digital marketplace like BiofuelCircle can shape the future biomass market for India. It gives an opportunity for a buyer and seller to interact anonymously, and discover prices through market mechanisms, for – delivery time, place, and commodity of their choice. It also presents an opportunity for FPOs and rural enterprises to create a viable business model to supply agricultural residue as a green energy alternative,” he said.

Adding to this, Suhas Baxi, Co-founder and CEO, BiofuelCircle said, “At BiofuelCircle we aim to establish connections between industry and rural India. We are working towards demystifying and standardising biomass to make it more accessible by providing value discovery for manufacturers and buyers. Challenges for the development of FPOs have been identified and we are now working towards addressing them by taking the mission forward which will contribute towards sustainability and green energy in India.”

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Bharat Kakade, President and Managing Trustee, BAIF said, “It is a privilege to be a part of this initiative where we are working towards shaping the bioenergy landscape by transitioning it into an enterprise with the support of MNRE and BiofuelCircle. We are working on an integrated programme by leveraging technologies to give a new direction to the rural programme by creating a vibrant bioeconomy.”

Nidhi Sarin, Programme Head, Access to Energy in Rural Areas, GIZ; Girish Sohoni, Principal Adviser and Trustee, BAIF; Hemat Mohagaonkar, Executive Vice President, Thermax; Pradeep Bhargava, industry veteran and former MCCIA President; Sachin Kamble, Deputy General Manager, NABARD, amongst others participated in the workshop.

BiofuelCircle’s digital platform has set up a three-sided e-marketplace connecting buyers and sellers along with service providers for transportation, warehousing, and other supply chain services. BiofuelCircle has created a digital ecosystem to cater to the diversity of participants where businesses from industrial and rural sectors can transact fairly.

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