Jiya Eco-Products (JEPL) has received an approval for setting up a joint venture (JV) with Korkia of Finland. The Board of Directors of the company at its meeting held on November 05, 2018, approved the same.
The project will focus on identifying opportunities that will aid in ramping up JEPL’S business. The project development aims to scale operations India-wide and to the volumes needed by large off-takers. JEPL’s responsibility is the availability of the bio fuels at an industrial scale and Korkia’s role is to help JEPL with process and business model development to enable scaling and to investigate potential industrial off-takers.
Jiya Eco-Products is engaged in the manufacturing of bio-fuels viz. bio-briquettes and bio-pellets which is an alternative source of energy and has the ability to replace/are fairly good substitutes of traditional fossil fuels like coal, firewood, lignite, etc.