Beta Renewables, Novozymes and CVC India sign MOU for Punjab project

In India, Beta Renewables, Novozymes and CVC India Infrastructure Pvt. have signed an MOU to develop a biorefinery in Punjab using wheat and paddy straw as feedstock. The previously announced project and plans for five more around the country will require investment of around $1 billion. The MOU was signed at a renewable energy summit that saw another 12 MOUs signed for biomass, waste-to-energy, co-generation and solar projects. New policies supporting the industries are credited with helping to drive these new investments.