Partnership with Buyofuel to Build Biofuel Supply Chain

Launching Supply of Ethanol Feedstock and Solid Biofuel in India

Honda Trading Corporation India Pvt. Ltd. (hereinafter “Honda Trading India”), the Indian subsidiary of Honda Trading Corporation, signed a Memorandum of Understanding and a long-term commercial agreement with Indian biofuel company Buyo India Pvt. Ltd. (hereinafter “Buyofuel”) on September 16, 2026, for the supply of biofuels and their feedstocks. Based on this agreement, the two companies will establish a robust and stable supply system for the Indian domestic market, supported by thorough quality control and traceability. In September 2026, the companies sequentially began supplying ethanol feedstock (corn) to biofuel manufacturers.

In India, demand is expected to expand further in the future, driven by the government’s promotion of biofuel adoption.
However, challenges remain, including the development of an efficient system for collecting, storing, and transporting feedstock scattered in rural areas, and the reduction of logistics costs associated with a distribution structure that passes through multiple operators and locations. Furthermore, large amounts of agricultural residues in rural areas remain unutilized, and there is a need to create a mechanism for their effective use that will lead to increased income for small-scale farmers.

To address these challenges, this partnership will build an efficient and sustainable biofuel supply chain by combining Honda Trading India’s cultivated trading expertise and know-how in procurement, logistics, and business operations with Buyofuel’s digital platform, procurement network, and knowledge in the biofuel sector. Specifically, a stable supply of unutilized agricultural residues will be ensured by developing a logistics network that utilizes direct procurement from farmers and collection and relay points, and by managing supply and demand based on data. Through this, the partnership aims to create revenue opportunities for farmers and enable stable and efficient feedstock procurement for biomass businesses.

Through this initiative, the two companies will contribute to expanding the use of biofuels and promoting decarbonization in India.
The Honda Trading Group will work to realize a decarbonized society and create new value through the promotion of Green Transformation (GX) by connecting India’s abundant biomass resources with our trading expertise.

Company Information

Buyo India Pvt. Ltd.

Honda Trading Corporation India Pvt. Ltd.