Bio-composting project in Nanded, Maharashtra

Green Elephant has successfully initiated a state-of-the art bio-composting project in Nanded, Maharashtra which will be commissioned in the year 2015.

REMONDIS, Germany, a worldwide leading waste-management company and Green Elephant Investment Partner, Germany have both acquired a 50 % share in the venture Orgatreatments Pvt. Ltd., Pune. Orgatreatments Pvt. Ltd. owns the factory site and all relevant assets of the state-of-the art bio-composting unit, located in Nanded, Maharashtra, India. The company’s business focus is the value added processing of citrus waste, supplied by Citrus Processing India Pvt. Ltd. (“CPI”), India’s largest producer of Frozen Concentrate Orange Juice (“FCOJ”). CPI is promoted by Black River Asset Management, PepsiCo, HDFC-Limited and a group of Swiss investors. Green Elephant is advisor to the parties and will accompany the project. The parties agreed to keep details of the investment confidential