BioCube Brings Biodiesel Solutions to India
A B.C. - based biodiesel processing company is gaining a foothold in the lucrative Indian market by partnering with a leading Indian diesel manufacturer.
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BioCube Corporation develops and manufactures a compact biodiesel processor, called the BioCube™, which converts a wide variety of feedstock vegetable oils to useable biodiesel, allowing it to be used in modern diesel engines. The BioCube™is a self-contained, biodiesel mini-refinery engineered within a modified 20 foot sea container.
The Vancouver- based firm has been working with Kirloskar Oil Engines Limited (KOEL), an India-based manufacturer of diesel engines and generators since 2014, after they signed a partnership agreement allowing KOEL to distribute the BioCube™ throughout India. British Columbia’s Trade and Investment team in India assisted BioCube Corporation by facilitating meetings and follow-ups with KOEL.
This past March, a license agreement between the two companies was ratified allowing KOEL to manufacture BioCube™ equipment under license in India and provide on-going service and support facilities for the BioCube™ in territory. In addition, KOEL will market and sell the BioCube™ in India throughout KOEL’s sales network and across its product lines.
The agreement aligns with both companies strengths; KOEL has a dominant presence in the agricultural, marine and heavy equipment sectors as well as with small, medium and large diesel equipment users of transportation and electricity generation. For these users, biodiesel production through the BioCube™offers economic, environmental and energy independence benefits, while for BioCube Corporation, the partnership allows products a larger exposure to the Indian market, where the interest in biodiesel has greatly increased due to recent regulatory changes.
BioCube™ is a shining example of British Columbia’s innovative clean technology industry; this sector is well positioned to help propel the world toward cleaner, more sustainable energy sources. With over 200 clean technology companies in B.C., generating an estimated $1.7 billion annually, these green-thinking firms are recognized globally for their leadership in all areas of clean and renewable energy including hydrogen and fuel cells, clean transportation, energy management, renewable energy, and water and waste resource management.
For more information on British Columbia’s world-leading clean technology industry contact one of our Trade and Investment Representatives.
Posted September 13, 2016