New Delhi: In a strategic move to bolster India’s clean energy landscape and accelerate its net-zero ambitions, Bharat Petroleum Corporation Limited (BPCL) has entered into a joint venture agreement with GPS Renewables Private Limited to set up Compressed Biogas (CBG) plants across the country.
The agreement, which builds upon an earlier announcement made in September 2024, has been formally signed by BPCL's Head of Corporate Strategy Sameet Pai and CEO and Co-Founder of GPS Renewables Mainak Chakraborty. The signing ceremony has been witnessed by BPCL's Director (Refineries) Sanjay Khanna and Director (HR) Raj Kumar Dubey, signaling a high-level endorsement of the collaboration.
This joint venture is aimed at deploying advanced waste-to-energy technologies to convert organic biomass waste into CBG—an eco-friendly and renewable energy source. The initiative not only supports environmental objectives but also promises significant socio-economic benefits, particularly in the agrarian regions of India.
The JV plans to establish 8 to 10 CBG plants in states with high agri-biomass potential, including Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal. These locations also align with BPCL’s current city gas distribution footprint, facilitating operational efficiencies and minimizing logistical costs.
By addressing critical issues such as agricultural residue management and greenhouse gas emissions, the initiative seeks to provide sustainable solutions to long-standing environmental challenges. It also aims to create a structured value chain for agricultural waste procurement, offering a new revenue stream for farmers and promoting rural development.
The collaboration aligns closely with key Government of India programs such as the GOBARdhan initiative, the Sustainable Alternative Towards Affordable Transportation (SATAT) scheme, and the Compressed Biogas Blending Obligation (CBO). These programs collectively aim to promote clean energy adoption, reduce dependence on imported fossil fuels, and enhance India’s energy security.
Speaking on the partnership, BPCL highlighted the importance of public-private collaboration in achieving sustainable energy goals and reiterated its commitment to becoming a Net Zero Energy company by 2040. The company currently operates a robust energy infrastructure, including a refining capacity of 35.3 MMTPA across its refineries in Mumbai, Kochi, and Bina, and a nationwide distribution network of over 23,500 fuel stations.
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