what is the status of this biomass trading platform? GMEX said it is collaborating with the Centre for Ganga River Basin Management and Studies ...

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what is the status of this biomass trading platform? GMEX said it is collaborating with the Centre for Ganga River Basin Management and Studies (CGanga) to launch the biomass exchange.


ChatGPT said:
Here’s a detailed update on that:

GMEX, which operates digital commodity and financial exchanges, announced a collaboration with CGanga (the Centre for Ganga River Basin Management and Studies) to launch a biomass trading platform in India. The goal is to facilitate the sale of biomass residues from agriculture and forestry for energy, compost, and other circular economy uses.

Current status (as of the latest available public info in 2025):

The platform is in development; no fully operational trading has been widely reported yet.

GMEX typically builds the digital infrastructure, while CGanga is expected to provide regulatory support, sourcing of biomass, and integration with local suppliers/farmers.

Public updates from GMEX suggest that pilot trading programs or test runs may be underway, but no full-scale launch has been confirmed yet.

The platform is expected to use digital tokens or credits to represent biomass units, which could also integrate with renewable energy credits or carbon markets.

Key considerations:

Since this is India-specific, adoption depends heavily on local logistics (collection, transport, standardization of biomass) and government approvals.

GMEX’s track record shows they can launch exchanges quickly, but biomass trading involves physical delivery, so scaling will take months to years.

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