Oil and Natural Gas Corporation (ONGC) has partnered with EverEnviro Resource Management to set up compressed biogas (CBG) plants throughout India, reported the Economic Times.
The ONGC board has granted in-principle approval for the formation of joint venture companies with EverEnviro and another unidentified entity.
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The initiative aims to establish 15 CBG plants as part of India’s renewable energy enhancement efforts.
It is set to contribute to the country’s renewable energy production, with EverEnviro planning to establish more than 100 CBG plants in India.
These facilities will process various feedstocks including MSW, agro waste and agro-industrial waste to produce biogas.
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EverEnviro is currently developing more than 20 CBG projects in states such as Madhya Pradesh, Uttar Pradesh, Delhi and Punjab.
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By GlobalDataWith an investment of approximately Rs20bn ($241.2m), these projects are expected to generate 320 tonnes of CBG daily.
India’s largest biogas plant, which converts city waste into clean energy, is operated by EverEnviro in Indore
This facility was inaugurated by Prime Minister Narendra Modi in February 2022.
Additionally, EverEnviro has formed partnerships with Indraprastha Gas and Indian Oil Corporation to establish multiple CBG plants across the country.
EverEnviro Resource Management executive director Deepak Agarwal said: “We are honoured to partner with ONGC, one of the Maharatnas of Government of India for bolstering domestic renewable energy production. Our vision is to attain a daily CBG output of 1,000 metric tons on a pan India scale within the next five years.”
Last month, ONGC said it has established a wholly-owned subsidiary, ONGC Green, to focus on green energy and gas business.
ONGC Green will delve into various energy value chains including renewable energy sources, biofuels and green hydrogen and its derivatives, as well as storage and carbon capture utilisation.
In November 2023, ONGC announced its plans to invest Rs1trn in constructing two petrochemical plants, further expanding its portfolio in the energy sector.
