ONGC and EverEnviro Resource Management, a developer of compressed biogas (RNG) in India, have formed a 50-50 joint venture (JV) to set up 10 Compressed Biogas (CBG) plants across India.
These plants are expected to reduce India’s reliance on imported gas and boost domestic renewable energy production, according to the organisations.
The JV will see the firms utilise diverse feedstocks such as agri-waste, agro-industrial waste, energy crops, and municipal solid waste (MSW) aiming to mitigate approximately 7.5 lakh tons of CO2 equivalent annually.
Satyan Kumar, executive director, chief corporate strategy, ONGC, said, “ONGC has set sights on being Net Zero by 2038 and hence we recognise the urgency of transition to clean energy by utilising agro-industrial waste and municipal solid waste.”
EverEnviro said it aims to establish over 100 CBG plants across India.
It is already executing 20+ CBG projects across Madhya Pradesh, Uttar Pradesh, Delhi, and Punjab with a significant capital investment of nearly Rs 2,000 crores, which will result into an output of 320 metric tons per day of CBG.
ONGC and EverEnviro to install 10 biogas plants across India
