Other Private Equity/Strategic Investments
Mitsubishi Corp acquires stake in biofuels player KIS Group’s Indonesia ops
Japan’s Mitsubishi Corporation has acquired a minority equity stake in the Indonesia operations of Bengaluru-based KIS Group, a player in biogas and biofuels technology. This investment marks Mitsubishi Corporation's debut into the global biogas market.Founded in 2006 by K.R. Raghunath, KIS Group operates in 11 countries, including India, Indonesia, Malaysia, Singapore, the USA, the UAE, Brazil, Colombia, Qatar, and Spain, providing solutions across sectors such as palm oil, sugar, dairy, paper, distilleries, and agro-processing. With Mitsubishi Corporation's backing, KIS Group plans to expand its portfolio into North and South American and European markets over the next five years.Mitsubishi and KIS will also co-develop and commercialise advanced biogas, BioCNG, and BioLNG solutions for global markets. KIS has already developed several biomethane and renewable gas projects globally and holds long-term biomethane supply contracts with Unilever and Shell, alongside partnerships with companies like Toyota, Godrej, Sinarmas, Banas Dairy, and Maruti Suzuki.
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