India: JK Cement has signed a strategic memorandum of understanding (MoU) with Punjab Renewable Energy Systems (PRESPL). Under the agreement, PRESPL will supply its technologies and forward-integrated value chain for use by JK Cement in scaling up alternative fuel (AF) substitution at its cement plants. The transition will focus on biomass-based fuel use.
Managing director Raghavpat Singhania said "As we embark on our journey towards decarbonisation, we commit to this MoU that allows us and PRESPL to build deeper synergies in the bio-energy sector.” He added that the agreement promised ‘a better future with a win-win for the environment, people and energy in India.’
