Shell invests USD 7.7 million in biomass company

Shell India, subsidiary of Netherlands-based oil and gas company Royal Dutch Shell, has invested INR 54,3127 crore (USD 7.7 million) in Indian biomass company Punjab Renewable Energy. According to Bioenergy Insight, Punjab Renewable Energy collects, processes, stores and supplied biomass such as paddy straw, cotton stalk, soya husk, maize cob and mustard stalk for energy generation or conversion into biofuels. With the investment, Shell intends to support economic growth and the energy transition in India.

Picture Credit: Corncob, Krish Dulal at ne.wikipedia, Khoya krish, CC BY-SA 3.0