New Delhi: In a major effort to reduce India’s need for imported gas, ONGC is working with EverEnviro Resource Management Pvt. Ltd. to create 10 compressed biogas (CBG) plants across the country.
They have signed an agreement to begin the first phase of this big project, which aims to increase renewable energy production in India.
The joint venture (JV), shared equally between ONGC and EverEnviro, aligns with the Government of India’s efforts under the Global bio-fuels alliance and its target of achieving Net Zero carbon emissions by 2070. They will use different feedstocks like agricultural waste, agro-industrial waste, energy crops, and municipal solid waste (MSW) to mitigate around 750,000 tons of CO2 each year.
Satyan Kumar, Executive Director and Chief Corporate Strategy Officer at ONGC, said that biogas is important for meeting the country’s energy needs and managing waste effectively. He emphasised that ONGC aims to be Net Zero by 2038, and this partnership with EverEnviro to create CBG plants will help reduce carbon emissions.
Deepak Agarwal, Executive Director of Business Development and Strategy at EverEnviro, talked about the impact of the partnership. He said that working with ONGC is a big step in boosting renewable energy in India. These projects will support important government initiatives like the GOBARdhan scheme, Waste to Wealth, Make in India, Circular Economy, and Atmanirbhar Bharat. He believes the partnership will greatly impact the CBG sector. Agarwal also mentioned that the organic manure produced from these plants will improve soil health and fertility in the surrounding areas.
EverEnviro aims to set up over 100 CBG plants across India, using various types of waste. The company is already working on more than 20 CBG projects in states like Madhya Pradesh, Uttar Pradesh, Delhi, and Punjab, with an investment of nearly Rs 2,000 crore. This investment is expected to produce a robust output of 320 metric tons per day of CBG,
significantly boosting the renewable energy sector in India.
