TruAlt Bioenergy, Sumitomo Corporation sign MoU to develop bioenergy projects in India

In a landmark moment for Indo–Japanese cooperation, Bengaluru based TruAlt Bioenergy Ltd and Japanese integrated trading & investment firm Sumitomo Corporation, have formally announced an ongoing discussion of a strategic bioenergy partnership during the Japan–India Next-Generation Economic Forum. This was held in the presence of Prime Minister of India Narendra Modi and Prime Minister of Japan Shigeru Ishiba.

The agreement will mark a new milestone in the India–Japan partnership, uniting India’s ambition to achieve energy sovereignty and emerge as a global hub for biofuels with Japan’s expertise in advanced decarbonization technologies under the Joint Crediting Mechanism (JCM).

Investing in CBG/Ethanol/SAF

As part of the collaboration, TruAlt and Sumitomo Corporation will develop four state-of-the-art Compressed Biogas (CBG) plants in Karnataka and Maharashtra creating around 700 direct and indirect jobs and unlock an additional 800 to 1,000 livelihood opportunities.

Building on this foundation, the partnership will expand into future projects in ethanol and Sustainable Aviation Fuel (SAF) sectors that are critical to India’s clean energy transition and the global decarbonization agenda. To implement this vision, a Joint Venture Company (JVC) will be established, with TruAlt Bioenergy holding 51% and Sumitomo Corporation 49%. The initiative is designed to enhance farmer incomes, drive rural industrialization, and strengthen India’s energy self-reliance, while laying the groundwork for scaled investments in ethanol and SAF in the years ahead.

The Joint Crediting Mechanism (JCM) will serve as a cornerstone of this collaboration, channeling Japan’s advanced low-carbon technologies into India’s bioenergy sector while ensuring transparent crediting of greenhouse gas (GHG) reductions.

Vijay Nirani, Founder & Managing Director of TruAlt Bioenergy, said, “Biofuels lie at the heart of India’s quest for energy sovereignty and are integral to our Panchamrit commitments of lowering carbon intensity and expanding renewables. This partnership with Sumitomo Corporation represents the convergence of their global expertise in sustainable enterprise and TruAlt Bioenergy’s leadership in India’s biofuels sector. Anchored in the Joint Crediting Mechanism, it is designed not only to accelerate India’s clean energy transition but also to contribute meaningfully to Japan’s climate commitments. Together, we are laying the foundation for India to emerge as a global hub for biofuels while empowering farmers, strengthening rural economies and building a resilient, green future for generations to come.”

TruAlt is expected to launch Rs 1,000 crore IPO in September 2025.