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GAIL, TruAlt Bioenergy announce $72 million investment through CBG joint venture

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 and TruAlt Bioenergy to invest USD 72 million in CBG Joint Venture, ET EnergyWorld

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.

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