Swachh Bio to invest Rs 1,000 crore in Telangana

Swachh Bio, a lignocellulosic biofuels manufacturing company to establish a 250 KLPD second-generation, cellulosic biofuels plant in Telangana with a capital investment of over Rs 1,000 crore,in the first phase, which will provide employment to 250 people at the plant, and 250 people in additional support and other roles.

Hyderabad: Swachh Bio, a lignocellulosic biofuels manufacturing company focused on providing energy solutions for a sustainable future, announced that it would soon establish a 250 KLPD second-generation, cellulosic biofuels plant in Telangana.

The firm announced a capital investment of over Rs 1,000 crore, in the first phase, which will provide employment to 250 people at the plant, and 250 people in additional support and other roles.

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Praveen Paripati, Chairperson, Swacch Bio met with Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu at New York late Monday.

Swacch Bio’s international partner, Suganit Biorenewables, has developed a patented and viable technology in producing biofuels and biochemicals from biomass and cellulose, which would add to Telangana’s efforts towards sustainable and eco-friendly growth of the State.