Punjab Renewable Energy Systems (PRESPL), a Mumbai-based biomass supply chain management company is planning to raise nearly $6-7 million for expansion in India.
The company is looking at opportunities arising out of bio-refinery plants of national oil marketing companies.
PRESPL has developed different business models for using a variety of biomass such as cotton stock, maize residues, rice straw, Juli flora, soya husk and other agro-residues.