News on Medial

Biofuelcircle's Founder and CEO Suhas Baxi on Biomass Supply Chain

StartupTalky · 9m

India generates around 500 million metric tonnes of agricultural and agro-industrial byproducts each year, but much of this waste is burned, leading to negative environmental impacts. Efforts are being made to utilize the surplus agri residue, which could potentially provide 17% of the country's energy needs, create income for farmers, and generate jobs. Challenges in utilizing agri-waste include a fragmented rural supply chain, seasonality, high logistics and storage costs, and low farmer incentives. The government is providing support for businesses in this sector, and technology is playing a crucial role in digitalizing and streamlining the biomass supply chain. BiofuelCircle is one such company operating an e-marketplace for biomass and biofuels, offering services for buying, selling, and quality assurance. Advanced storage systems help ensure price transparency and predictability, attracting investments and financing in the bio-energy sector.