Joint Venture9 Sept 2025, 10:42 pm
Almondz Global Securities' Joint Venture Premier Green Innovations Enters Strategic Alliance for Waste-to-Value Added Products
AI Summary
Almondz Global Securities Limited, through its wholly owned subsidiary, holds 40.99% of Premier Green Innovations Private Limited. Premier Green Innovations Pvt. Ltd. has entered into a strategic alliance with Entity 1 for the development and deployment of Microbial Electrochemical Cell (MECC)-based waste-to-value platforms aimed at producing hydrogen, methanol, and ethyl acetate, among other value-added products. The alliance aims to drive energy security, decarbonization, and sustainable waste management across India, with a focus on scalable, modular MECC reactors and envisages an investment of Rs. 500 crores in 3 years. The first MECC reactor is now at PGIPL's Kangra site, and work has commenced for trial production.
Key Highlights
- Almondz Global Securities' joint venture company, Premier Green Innovations, enters strategic alliance with Entity 1 for waste-to-value added products.
- The alliance aims to produce hydrogen, methanol, and ethyl acetate using MECC technology.
- The alliance envisages an investment of Rs. 500 crores in 3 years for building alternate materials to set up a full-scale alternate refinery.
- The first MECC reactor is now at PGIPL's Kangra site, and work has commenced for trial production.
- The alliance aims to drive energy security, decarbonization, and sustainable waste management across India.