Latest News | BSE BEAM Partners with Buyofuel to Transform Biofuel Market

New Delhi, Aug 13 (PTI) Buyofuel, a platform for trading biofuels and waste materials, on Tuesday announced its partnership with BSE E Agricultural Markets to expand the reach and efficiency of the biofuel market.

BSE BEAM, an electronic spot platform for agricultural commodities, will leverage its extensive network of farmers and farmers' producer organisations (FPOs) while Buyofuel will bring its vast corporate clientele who procure biofuels directly.

Also Read | Shillong Teer Results Today, August 13, 2024: Know Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai Games.

"This collaboration aims to expand the reach and efficiency of the biofuel market, benefiting producers, manufacturers, and consumers alike," according to a statement by Buyofuel.

BSE BEAM's role will not be limited to just back-end supplies through farmers and FPOs. It will also be leveraging its corporate connections to engage with stakeholders across the entire value chain.

Also Read | Independence Day Speech by PM Modi From 2014 to 2023: Watch Videos of Prime Minister Narendra Modi Ahead of 78th Independence Day Celebrations on August 15.

"By combining our strengths, we can provide unparalleled value to our customers and contribute significantly to reducing carbon footprints. Our collaboration will facilitate a more robust and resilient biofuel supply chain, benefiting both producers and consumers," Kishan Karunakaran, founder and CEO of Buyofuel, said.

The integration of BSE BEAM's agricultural expertise with Buyofuel's market knowledge will streamline the supply chain, reducing transaction times and improving reliability. This will not only benefit the immediate stakeholders but also contribute to a more sustainable and efficient biofuel ecosystem, the statement noted.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)