Neev Fund is contributing US$ 5 Million via a private equity investment to PRESPL ( PRESPL ). The investment will be utilised by PRESPL for business expansion in underdeveloped states and regions of the country in the area of biomass supply chain to enable safe and sustainable environment. The biomass value chain management company will utilise the funding to expand its biomass supply chain to help ensure a sustainable environment in underdeveloped Indian regions. Collecting, processing and storing materials such as maize-cob, paddy straw, cotton-stalk and soya-husk , it then supplies biomass to clients as a raw material for energy or converting into biofuels. Neev Fund is currently able to manage 1,000 mt per day. Neev Fund said its investment will help provide farmers with additional income and reduce air pollution caused by agricultural residue burning.
Neev Fund is contributing US$ 5 Million via a private equity investment to PRESPL ( PRESPL ). The biomass value chain management company will utilise the funding to expand its biomass supply chain to help ensure a sustainable environment in underdeveloped Indian regions. Collecting, processing and storing materials such as maize-cob, paddy straw, cotton-stalk and soya-husk , it then supplies biomass to clients as a raw material for energy or converting into biofuels. Neev Fund is currently able to manage 1,000 mt per day. Neev Fund said its investment will help provide farmers with additional income and reduce air pollution caused by agricultural residue burning.