Mailhem Ikos Environment Private Limited is the new joint venture between Mailhem Engineers, a waste management and renewable energy company in India, and Lhotellier Ikos, a French-based group specializing in renewable energy and green infrastructure technologies.
The 50:50 JV will focus on developing waste to energy, recycling and landfill restoration solutions in India. It will leverage 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 tons per day capacity.
The plant will focus on producing energy from organic and household waste, building biogas plants and other recycling solutions, and providing landfill restoration and degassing. The company expects to reuse 85 percent of the waste either recycled or converted into energy.
Mailhem Engineers has been working with Lhotellier Ikos Group on domestic projects over the last two years and has found a strong synergy amongst the companies in terms of vision, approach and execution, said Suresh Rege, founder, Mailhem Engineers.
“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,” Rege added. “Most important, waste and energy are two rising concern in India, and we look forward to an opportunity to do our part to address these national issues.”
According to Paul Lhotellier, president, Lhotellier Ikos Group, creation and execution of the waste to energy solutions are a win-win situation both economically through production of energy and environmentally through reuse of waste. The dual advantages of these solutions truly make them an integral aspect of addressing the global issues relating to waste and energy consumption.
Mailhem Ikos Environment has set its objective of building Rs 250 crore company by 2020 as well as a reputed brand in renewable energy and waste and water management in India, a statement from the company said.