Swacch Bio To Invest Over Rs 1,000 Crore In Telangana

After a successful meeting with the official delegation of the Telangana government led by Chief Minister Revanth Reddy, Swachh Bio, a lignocellulosic biofuels manufacturing company focused on providing energy solutions for a sustainable future, announced that it would soon establish a 250KLPD second-generation, cellulosic biofuels plant in Telangana.

Praveen Paripati, Chairperson, Swacch Bio, met with Chief Minister Revanth Reddy and Industries Minister D Sridhar Babu late on Monday after which the announcement was made.

The firm has announced a capital investment of over Rs 1,000 crore in the first phase, which will provide employment to 250 people at the plant and 250 people in additional support and other roles.

Swacch Bio's international partner, Suganit Biorenewables, has developed a patented and viable technology in producing biofuels and biochemicals from biomass and cellulose, which would add to the Telangana government's active efforts towards the sustainable and eco-friendly growth of the State. The State government guaranteed all the required support to the company.

Praveen Paripati said, "We were highly impressed with the vision of decentralised development of Telangana by the new government led by Revanth Reddy. We are excited to partner with the State and at being part of its development and transformation journey. We are sure that it will help us grow tremendously in the coming years."

The company also said that it was planning to set up additional plants in Telangana in the coming times and contribute to making the State a biofuels hub.