Mitsubishi Corporation has acquired a minority equity stake in the Indonesian operations of KIS Group, an India-based biogas and biofuels technology firm. The deal marks Mitsubishi Corporation's entry into the global biogas market.
KIS Group, headquartered in Bengaluru, was founded in 2006 by K.R. Raghunath. The company provides comprehensive renewable energy solutions, specializing in converting waste into value-added products like biogas, BioCNG, and organic fertilizers. KIS Group has a presence across 11 countries, including India, Indonesia, Malaysia, Singapore, the USA, UAE, Brazil, Colombia, Qatar, and Spain. They are known for delivering end-to-end solutions across sectors like palm oil, sugar, dairy, paper, distilleries, and agro-processing.
Mitsubishi Corporation's investment underscores a shared commitment to advancing sustainable energy solutions and accelerating global market expansion. KIS Group plans to leverage Mitsubishi Corporation's network across 90+ countries to accelerate its international expansion. The two companies will also co-develop and commercialize advanced biogas, BioCNG, and BioLNG solutions for global markets.
KIS Group intends to invest $1 billion in renewable gas and biofuel solutions in Southeast Asia and India by 2030. With Mitsubishi Corporation's backing, KIS Group aims to expand its portfolio to North and South America and European markets over the next 5 years. The company is targeting a substantial increase in renewable gas output and a significant contribution to global decarbonization goals.
KIS Group has already developed several biomethane and renewable gas projects across 11 countries and has signed long-term biomethane supply contracts with major corporations such as Unilever and Shell. The company is also collaborating with companies such as Toyota, Godrej, Sinarmas, Banas Dairy, and Maruti Suzuki.
The partnership aims to improve efficiency, scalability, and governance across KIS Group's projects. It will also strengthen supply chain resilience via Mitsubishi's trading and logistics infrastructure and advance shared ESG goals by scaling responsible, low-carbon energy solutions.
K.R. Raghunath, Founder & CEO of KIS Group, stated that the collaboration with Mitsubishi Corporation will propel KIS Group to the next phase of growth. He added that Mitsubishi's entry into the biogas and biofuels market through KIS Group is a vote of confidence in their technology, execution capability, and market understanding.
