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GAIL India and truAlt Bioenergy Limited, an ethanol producer in India, have signed a term sheet for GAIL's 49% equity participation in TruAlt's joint venture company Leafinti Bioenergy Limited, which owns and operates India's second compressed bio gas (CBG) plant, with TruAlt Bioenergy holding 51%.
Gail: The joint venture aims to establish 10 Compressed Bio Gas (CBG) plants, with each unit having a daily production capacity of 10,000 kgs, a total annual production of over 33 million kgs of CBG.
Delhi/Bengaluru: The government-owned natural gas company GAIL (India) Ltd and the leading ethanol producer in India, TruAlt Bioenergy Ltd, have agreed to GAIL investing in TruAlt's joint venture, Leafinti Bioenergy Ltd.
The decision was announced on 20th September 2023, and India's bid was chosen over Switzerland and UAE.