Coinciding with the Earth Day today, the Energy and Resources Institute (TERI), the Innovative Finance Foundation (IFF) and 3WAYSTE company signed an MoU to collaborate on the rollout of a breakthrough technology for municipal solid waste management.
The MoU was signed in the presence of the Ambassador of France to India, Alexander Ziegler.
In his keynote address, he said, "Going sustainable and reducing human impact on environment are tremendous challenges and France and India are committed to meeting them."
He also said, the world needs to cut on carbon emission level, and combating sold waste is one of the ways.
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3WAYSTE president Fabien Charreyre said, "We are excited to enter India and hopefully and the intent of this partnership is to transfer technologies to the country."
A senior official of the France-based firm said, the idea is to open up a few m waste processing plants in the country, possibly Bengaluru would be the first city.
The technology is capable of treating all household waste, including unsegregated waste, while converting more than 90 per cent of it into residue fuel to produce clean energy, pure compost for agriculture and valuable raw materials, the TERI said.
Ajay Mathur, Director General, TERI said, "Waste segregation at source has been major challenge since the passage of municipal solid waste management rules in 2000 and again in 2016."
"The process introduced by 3WAYSTE and TERI proposes to work mixed waste while recovering 90 per cent of resources from it, including for clean energy and quality compost," he added.