Greentech Lead Asia: Bangalore based VayuGrid has signed an MoU with BVM Minerals, a mine developer and operator based in Ranchi, Jharkhand, to establish “Green Mine Zones” in all mining areas across the country.
For mining companies, besieged by the need to be environmentally compliant, socially relevant and economically sustainable, Green Mine Zones is a means of creating value on lands that would otherwise be nothing but barren wasteland.
These “Green Mine Zones” will enable mining companies to take their first sure step towards Responsible Mining, which will ensure environment protection by way of improved air, water and soil quality over a period of time while developing sustainable livelihood and employment for the locals.
“The Green Mine Zones will drive compliance with policy documents framed for mandatory conservation of the environment,” said J P Singh, chairman of BVM Minerals.
According to Singh, “VayuGrid’s VayuSapbased Zones have the potential to create a fundamental shift in the way mining and environment will be perceived in future. Most importantly, its Return on Investment (ROI)-based approach makes the Green Mine Zones economically sustainable while being socially relevant.”
The first 500-acre or 2 sq.km. stretch of Green Mine Zone is expected to come up within the next six months. The next 24 months is expected to see this expand to over 5,000 acres or 20 sq.km.
VayuGrid is focused on building biofuel supply chains around Elite Pongamia to address the challenge of Predictability in the renewable fuel supply chain, from upstream plantation to midstream processing to downstream markets. Its elite pongamia planting material branded VayuSap is more superior to “ordinary” Pongamia in precocity, yield, disease resistance and specific biochemical products of industrial value.
VayuGrid is focusing its efforts on building BioEnergy Plantations around VayuSap in markets such as Asia, Africa and the Middle East.
editor@greentechlead.com