NEW DELHI: Multilateral lending agency Asian Development Bank (ADB) on Monday said it has approved a USD 2.5 million (about Rs 18 crore) technical assistance to support advanced biofuel development in India.
The grant is funded from the Asia Clean Energy Fund, financed by the Government of Japan under the Clean Energy Financing Partnership Facility, and the Republic of Korea’s e-Asia and Knowledge Partnership Fund.
In a statement, ADB said the technical assistance (TA) will support development of advanced bioethanol, bio-compressed natural gas, and biodiesel plants to demonstrate the best practices for suitable feedstock, efficient conversion technology, and sustainable biofuel value chain. (AGENCIES)
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