Joint Venture9 Sept 2025, 10:41 pm
Avonmore Capital's Joint Venture, Premier Green Innovations, Enters Strategic Alliance for Waste-to-Value Added Products Platform
AI Summary
Avonmore Capital & Management Services Ltd's joint venture company, Premier Green Innovations Private Limited, has formed an innovation-driven waste-to-value added products (VAP) alliance with Entity 1. The alliance aims to produce hydrogen, methanol, and ethyl acetate, among other value-added products, using Microbial Electrochemical Cell (MECC)-based reactors. The alliance envisages an investment of Rs. 500 crores in 3 years. This strategic collaboration is expected to drive energy security, decarbonization, and sustainable waste management across India.
Key Highlights
- Avonmore Capital's joint venture, Premier Green Innovations, has formed a strategic alliance with Entity 1 for the development and deployment of MECC-based waste-to-value platforms.
- The alliance aims to produce hydrogen, methanol, ethyl acetate, and other value-added products.
- The partnership envisages an investment of Rs. 500 crores in 3 years for building alternative materials to set up a full-scale alternate refinery.
- The first MECC reactor is now at Premier Green Innovations’ Kangra site, with trial production set to commence this week.
- The alliance is expected to significantly reduce greenhouse gas emissions and improve municipal and industrial waste management.