Refex Sustainable Solutions buys controlling interest of Vyzag Bio-Energy

In India, Refex Sustainable Solutions Private Limited (RSSPL) on August 20, 2024 entered into and executed an investment agreement for acquisition of controlling stake up to 51.02% of the total voting powers, from the existing promoters and investment by way of fresh equity infusion in Vyzag Bio-Energy Fuel Private Limited thereby making this entity a subsidiary of RSSPL and step-down subsidiary of the company.

Vyzag Bio operates a Compressed Bio-Gas (CBG) plant producing biogas from segregated municipal waste, which involves processing organic material derived from municipal solid waste. The plant is designed with a capacity to output 850 kg of CBG per day, making it a significant contributor to green fuel production.