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New JV Targets Indian Waste to Energy & Recycling Potential
A new joint venture to develop waste to energy, recycling and landfill restoration solutions has been formed in India.
Mailhem Ikos Environment Private Limited, is a 50:50 joint venture between Indian waste management and renewable energy company Mailhem Engineers and Lhotellier Ikos, a French-based firm specialising in infrastructure and renewable energy as well as in water management and treatment.
New JV Targets Indian Waste to Energy & Recycling PotentialAccording to the newly formed company, it will benefit from the domestic expertise of Mailhem and the technological expertise of Ikos in its aim to establish large scale waste management plants in India of up to 500 tonnes per day capacity.
The joint venture said that it will specialise in energy production from organic and household waste, biogas plants and recycling solutions including design, construction, & operations, and landfill restoration & degassing.
Speaking on the new venture, Colonel Suresh Rege, founder of Mailhem Engineers said: "We have been working with Lhotellier Ikos Group on domestic projects over the last two years, and have found a strong synergy amongst the companies in terms of vision, approach, and execution.”
“After working for over 250 bio gas projects since our inception, we are seeing a growing demand of our waste to energy solutions, and joining hands with Ikos will help us to cater to this growing market,” he continued.
“Most important, waste and energy are two rising concern in India, and we look forward to an opporuntity to do our part to address these national issues," he concluded.
In addition to waste management solutions, the company said that it will also offer water management solutions through construction of water systems & networks, rainwater harvesting solutions, and water treatment plant set ups.