True North eyes ethanol investment, acquires Synata Bio in India
NEW DELHI: Banking on the government’s target for the government’s plan to increase ethanol blending with petrol to reduce carbon emissions and reducing the dependence on oil imports, US-based venture capital firm True North Venture Partners (TNVP) acquired Synata Bio in India. This partnership claims to provide much cheaper ethanol production from coal, TNVP’s founder Michael Ahearn told ET. Edited excerpts from the interview:
