Mr Douglas Peterson, CEO, VayuGrid
Though VayuGrid's initial projects are in emerging economies, it is seeing increasing demand for projects in developed nations. This start-up has focused its efforts on building bioenergy plantations around VayuSap in markets such as Asia, Africa and the Middle East, besides India. Mr Douglas Peterson, CEO, VayuGrid, in an interview to BioSpectrum's Raj Gunashekar shares more insights about the company's India operations.
How do you see India as an emerging/growing market in the biofuel sector?
The challenge for biofuels has always been finding agriculture solutions that can economically scale without competing or damaging other concerns, be it with food, forests, or marine ecosystems. India being a global leader in oilseed production, along with India's large tracks of unproductive lands, along with India's native plant species that enjoy arid climates and marginal soils, make for the ideal conditions for significant developments in biofuels.
In fact, India has a rich history in biofuels, with biofuels being used for thousands of years for lighting, cooking, and even more recently for operating machinery. There is an opportunity for India to be a leading biofuel producer with biodiesel, green coal, and a carbon sequestration model, and with millions of farmers as beneficiaries.
Tell us something about creating BioEnergy Zones in Haiti? How did it all begin?