Japanese general trading company Mitsubishi Corporation has made its entry into the global biogas market having secured a minority stake in KIS Group – an Indian biogas specialist known for its waste-to-energy and biomethane technologies.
The group will use backing from Mitsubishi to invest $1bn in renewable gas and biofuel projects across Southeast Asia, India, and Europe by 2030. The scale of its long-term ambition is also clear in that it plans to expand into North and South America and other European markets over the next five years.
“By combining our strengths with Mitsubishi’s global reach and expertise, we aim to accelerate the adoption of reliable, low-carbon energy solutions worldwide,” said KR Raghunath, CEO of KIS Group.
A Mitsubishi spokesperson said the partnership “aligns with our long-term vision to expand our low-carbon energy portfolio and develop sustainable solutions across the energy value chain.”
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