Buyofuel (Buyo India Pvt Ltd), a B2B marketplace for biofuels and biomass serving buyers and suppliers across India, and Honda Trading Corporation India Pvt Ltd (HTID), the Indian arm of Japan’s Honda Trading Group, have executed a memorandum of understanding and a long-term commercial agreement to jointly build reliable supply chains for biofuels and biofuel feedstock across India and beyond.

The partnership pairs HTID’s procurement, trading and supply chain capabilities with Buyofuel’s technology platform, verified supplier network and on-ground execution. Together, the companies will work to establish a reliable supply framework for industrial consumers and biofuel producers, with quality verification and traceability maintained across multiple categories, including ethanol feedstock and solid biofuels that replace coal in industrial use.

Quoting Kishan Karunakaran, Founder and CEO of Buyofuel, a media statement said: “When a group with Honda Trading’s global standing decides to build its India biofuels business with a partner, it chooses carefully. We are proud that they chose Buyofuel. This partnership combines their trading strength and financial depth with our platform and supply network. It allows us to take on requirements that neither of us could serve alone, and it marks the beginning of Buyofuel’s next phase of growth.”

Sumanth Kumar, Co-Founder of Buyofuel, said “India’s energy transition will be won or lost in the supply chain. Biofuel demand exists and so does the policy push. What industry has lacked is supply it can trust at scale. We have spent six years building that trust one truckload at a time. With Honda Trading alongside us, we can now offer it to the largest fuel consumers in the country.”

Joji Murakami, President of Honda Trading Corporation India, said: “Biofuels are central to a cleaner industrial future, and India is one of the most important markets in that journey. In Buyofuel we found a partner with real depth of knowledge, a strong supplier network and a transparent way of working. We look forward to growing this business together over the long term.”

For Honda Trading, the partnership is a step into India’s fast-growing biofuels economy beyond its traditional automotive value chain. For Buyofuel, it adds the balance sheet strength and global trading pedigree of a Japanese major to a marketplace that already connects thousands of verified buyers and sellers, turning agricultural and organic waste into fuel for Indian industry, the statement said.

Published on October 21, 2026