India’s Vayugrid signs MOU to develop Pongamia biofuels in Ethiopia

November 19, 2012 |

In Ethiopia, VayuGrid has signed an MOU with multiple parties to create a biofuels cluster for pongamia in Ethiopia. The cluster will generate $2.5M in investment opportunity as Ethiopia moves toward developing a biofuel park. Phase 1 of the project will involve bringing in a local partner to acquire land and labor, and to secure investors. The ultimate goal of the project will be to scale the technology over 100,000 acres.

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Category: International

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