India announces the launch of the “Innovation Roadmap of the Mission Integrated Biorefineries” developed by co-leads and active inputs from Brazil, Canada, EC and the UK at Global Clean Energy Action Forum-2022 at Pittsburgh, in the United States

Dr Jitendra Singh, who is leading a high-level Joint Indian Ministerial Delegation of Ministry of Power, New & Renewable Energy and Ministry of Science & Technology at Global Clean Energy Action Forum at Pittsburgh, Pennsylvania in the United States has announced the launch of the “Innovation Roadmap of the Mission Integrated Biorefineries” developed by co-leads and active inputs from Brazil, Canada, EC and the UK.

The Minister said, the Mission aims at greater international collaboration and the need for increased financing for Energy Research, Development, and Demonstration (RD&D) during the next five years to kickstart this objective and unleash a virtuous cycle of public and private investment.

Dr Jitendra Singh was speaking at the 1st Roundtable on “Sustainable Bioenergy and Bio-refineries” at the Global Clean Energy Action Forum – the joint convening of 7th Mission Innovation and 13th Clean Energy Ministerial -2022.

Dr Jitendra Singh said, “Innovation Roadmap of the Mission Integrated Biorefineries” aims to fill the void by identifying gaps and challenges in current biorefining value chains, prioritising Eight key actions to support the Mission, and guiding the Mission’s overall path in achieving its goal. He said, it also provides policymakers with a strategy framework to establish a rising RD&D portfolio over the next five years, specific financing proposals across the entire spectrum of vital Biorefinery technologies, and rapid action suggestions.

Addressing the Ministers & CEOs, Senior representatives of (US DoE, Mission Innovation Steering Committee (MISC) and Mission Innovation Secretariat, Senior representatives from MI Member countries and partner organisations, Dr Jitendra Singh said, Clean Energy Meet offers India an opportunity to present Prime Minister Narendra Modi’s climate and clean energy vision before the world. The Minister said, he is extremely happy to be present at this meet, where the global energy community has come together to share and collaborate towards a successful global green transition.

Dr Jitendra Singh informed the Delegates that India is continually working towards transforming the energy landscape of country with significant clean energy share and added that by 2030, India agreed to reach 500-Gigawatt non-fossil energy capacity, shift 50% of energy requirements to renewable energy, lower overall anticipated carbon emissions by one billion tons, reduce carbon intensity of the economy by 45% over 2005 levels, and achieve net zero emissions by 2070.

Dr Jitendra Singh shared with pride that a pilot plant of 10 Tons/day capacity plant with integrated enzyme production is being set up at Panipat Haryana, which will be commissioned by December 2022. This will be the 1st indigenous technology for on-site enzyme production. The Minister pointed out that Indian Oil Corporation Limited (IOCL) has also planned to supply this indigenous enzyme to commercial 2G ethanol plant of 100 KL/day expected to be commissioned by Q2 of 2024. Further, lignin valorization process is also being developed to produce value added products from waste lignin. He said, it’s successful demonstration will give an indigenous technology to the nation and will contribute to Self-Reliant India and reduce carbon foot print from transport sector.

Dr Jitendra Singh underlined that sustainable biofuels play key role to reduce Green House Gas (GHG) emissions from the transport sector. He said, India, through the Department of Biotechnology, has been supporting R&D innovations in Advanced Biofuels and Waste to Energy technologies. He also shared with Delegates that India has established 5 Bioenergy Centers, where interdisciplinary team is working on advance sustainable biofuels using modern biotechnology tools.

The Minister concluded by saying that recently, when India hosted the MI Annual Gathering in New Delhi, the Mission Integrated Biorefineries was launched with co-leads from the Netherlands, uniting key members, international organisations, the corporate sector, academic institutions, and civil society to accelerate innovation for renewable fuels, chemicals, and materials for a low-carbon future.



(Release ID: 1861671)
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Carrefour Brazil completes the acquisition of Grupo BIG and strengthens its governance

Grupo Carrefour Brasil (“Carrefour Brazil”) confirmed it has completed the previously-announced acquisition of Grupo BIG from Advent International and Walmart Inc.


The Group hence consolidates its strong leadership position across the country, with comprehensive geographical presence across all states. The transaction allows Carrefour to expand in its traditional formats, notably cash & carry and hypermarkets, while extending its footprint in formats in which it had a more limited presence, notably supermarkets. In addition, Carrefour Brazil now operates in a new market segment with the Sam’s Club format, through a license agreement with Walmart. The combined entity operates more than 1,000 stores in the country, representing close to 25% of the total retail market in Brazil. Compatible stores from Grupo BIG will be converted to Carrefour banners in the months to come. As per the local competition authority (CADE) decision, 14 stores will be disposed by year-end.

The transaction, announced in April 2021 based on an enterprise value of R$7.0bn (c.€1.35bn)(1), offers significant synergies, gradually rising to represent a net additional contribution to Carrefour Group EBITDA of at least R$2.0bn (c.€390m)(1) in 2025. The acquisition was paid 70% in cash and 30% through newly-issued Carrefour Brazil shares. After completion of the transaction, Carrefour Group owns around 67.7% of Carrefour Brazil (vs. 71.6% previously), Península Participações 7.2% and Advent International and Walmart, through affiliates, 5.6% combined.

To adjust to the new shareholding structure and support the consolidation of the new entity, Carrefour Brazil is strengthening its key governance bodies. A newly-composed Board of Directors will be submitted to Carrefour Brazil shareholder approval at an Extraordinary General Meeting to be held in July, 2022 (“EGM”) in São Paulo. After the EGM approval, Alexandre Bompard, Chairman & CEO of Carrefour Group, will chair the Board of Directors. Abilio Diniz, Chairman of the Board of Peninsula Participações will be Vice-Chairman of the Board. New members will join the Board of Directors: Patrice Etlin, Managing Director of Advent Latin America, Elodie Perthuisot, Chief Digital Officer of Carrefour Group, Laurent Vallée, Secretary General of Carrefour Group. Claudia Almeida e Silva and Vânia Neves will also join as independent Board members. Together with, Matthieu Malige, Chief Financial Officer of Carrefour Group and former Chairman of the Board of Carrefour Brazil, they will bring an unparalleled set of skills to Carrefour Brazil’s CEO Stéphane Maquaire and his Executive Committee, which is also reshaped, with a sound balance between Carrefour Executives, new comers from Grupo BIG, and new entrants.

Alexandre Bompard, Chairman and CEO of Carrefour Group and future Chairman of Carrefour Brazil, said: “With the acquisition of Grupo BIG, we are completing a strategic move, not only for Carrefour in Brazil, but for the Group as a whole. Our history in Brazil is a perfect reflection of our ambition: within a few years, we conquered leadership, created a vast ecosystem of formats and services and built a powerful and committed powerhouse – while still benefitting from a huge potential for additional growth. Together with an experienced Board of Directors and a senior level management team, we will keep writing the great story of Carrefour in Brazil, for the benefit of our customers, our employees and our shareholders