Dr Pramod Chaudhari founded Praj Industries in 1983 and developed it into a world-class engineering company specialising in agriprocessing. As India’s largest bioeconomy technology company, Praj developed technology for converting Cellulosic Biomass to 2nd Generation Renewable Fuels, BioGas and Renewable Chemicals & Materials. Praj is now executing three commercial advanced biofuel projects for Indian OMCs. Globally, Praj is one of the handfuls of companies to achieve this feat. Dr Chaudhari has been involved since the very inception of the biofuels industry in India and led the establishment of the Biofuels Cell under the Confederation of Indian Industries to accelerate the growth of the biofuel sector.
Dr. Pramod Chaudhari, the Executive Chairman of Praj Industries, in conversation with Sujatha Vishnuraj, Editor, of Manufacturing Today Publication, shares the emergence of bioeconomy via biofuels.
What is the role of bioenergy is emerging bioeconomy?
Let’s first define Bioeconomy: In simple terms, it is a knowledge economy that uses renewable natural resources to produce food, energy, products, and services. Bio-based products developed from renewable agri-resources facilitate decarbonization and carbon recycling. Bioeconomy has emerged as one of the most promising solutions as sustainable climate action. It leverages captive resources and therefore positively impacts social and environmental aspects.
Bioenergy is a renewable energy form with a lion’s share in the bioeconomy. It has a critical role in the energy transition in the nation’s overall energy mix. Thus, playing an important role in ushering in Bioeconomy.
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