Welcoming Suhas Baxi of Biofuel Circle to CLIMAFIX Summit 2022, India’s largest climate startup summit, 200+ startups, Nov 25 & 26, Chennai – https://lnkd.in/gNnGzhG5 . Co-organized with Energy Consortium – IIT Madras.
Solar and wind power are the cynosure of all eyes in the renewable energy energy, but neither can produce the heat that is required to run industrial processes, at least not directly.
Industrial heating contributes 30-35% of all carbon emissions from industries in India. So what is the low carbon avenue available for industrial heating?
Among all alternatives, biomass comes right on top.
But biomass supply chains have posed significant challenges on reliability and costs. While large industrial users of biomass are able to secure their supplies through organized players such as Punjab Renewable Energy Systems Private Limited (also an expert speaker at the CLIMAFIX Summit), companies needing smaller amounts of biomass (say, less than 5 tons per day) could find the going pretty tough. The situation for small biomass suppliers is similar as well, as they find it difficult to sustain a business on low volumes and unreliable demand.
This is the problem that the startup Biofuel Circle plans to tackle. By putting together an online marketplace for biomass and biofuels, the startup is hoping to make the dynamic feedstock discovery & customer discovery for users & suppliers respectively far more efficient.
I had first gotten in touch with Suhas Baxi, co-founder of BiofuelCircle, about three years back when he was just about putting together the business plan that would eventually become the startup he runs, and it is indeed satisfying to it adding value to the marketplace today.
My pleasure to welcome Suhas to being an expert at the CLIMAFIX Summit 2022. I look forward to listening to and interacting with him at the summit, organized by Energy Alternatives India and Energy Consortium – IIT Madras , and held at the IIT M Research Park, Nov 25 & 26, 2022. More about the summit from here – https://lnkd.in/gNnGzhG5
See my LinkedIn post on this topic