ADB approves USD 2.5 million technical assistance to support advanced biofuel development in India
- The Manila-based multilateral lending agency Asian Development Bank (ADB) has approved a USD 2.5 million (about Rs 18 crore) technical assistance to support advanced biofuel development in India.
- The grant will be 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.
- 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.
Source: Financial Express