Mitsubishi Corporation picks stake in India’s KIS Group to foray into global biogas business — all about the deal

Mitsubishi Corporation, one of Japan’s largest global integrated business enterprises, announced that it has acquired a minority stake in the Indonesian operations of Bengaluru-based Biogas and Biofuel technology firm KIS Group.

This investment marks Mitsubishi Corporation’s first entry into the global biogas market. PTI.

KIS Group’s global footprint

Founded in 2006 by KR Raghunath, KIS Group provides end-to-end solutions in key sectors such as palm oil, sugar, dairy, paper, distilleries and agro-processing.

The news stated that the company currently operates in 11 countries, including India, Indonesia, Malaysia, Singapore, USA, UAE, Brazil, Colombia, Qatar and Spain.

The company announced in a statement that it plans to invest $1 billion in renewable gas and biofuel solutions in Southeast Asia and India by 2030.

According to the company, this strategic investment marks a significant milestone in KIS Group’s growth journey and underlines the shared commitment to advancing sustainable energy solutions and accelerating global market expansion.

The partnership will allow KIS Group to benefit from Mitsubishi Corporation’s extensive network in 90 countries and thus accelerate international expansion. It was also stated that the two companies will jointly develop and commercialize advanced biogas, BioCNG and BioLNG solutions for global markets.

KIS Group has set its sights on the American and European markets

KIS Group aims to expand its portfolio to North and South American and European markets in the next 5 years with the support of Mitsubishi Corporation.

The goal is to make a significant contribution to the global trend towards the use of diversified and low-carbon energy sources by achieving a significant increase in renewable gas production. PTI reported.

“This strategic collaboration with Mitsubishi Corporation will take KIS Group to its next growth trajectory,” Raghunath said.

He also noted that Mitsubishi’s choice to enter the biogas and biofuel market for the first time through KIS Group is a huge vote of confidence in the company’s technology, application capacity and market understanding. “By combining our strengths with Mitsubishi’s global reach and industry expertise, we are poised to grow exponentially and create long-term value for stakeholders by expanding access to reliable, low-carbon energy solutions around the world,” he said. Business Standard.