ONGC has formed an equal joint venture (JV) with EverEnviro Resource Management to develop 10 compressed biogas (CBG) plants across India. The two companies have signed a MoU for this purpose. The plants being established in the initial phase are anticipated to decrease India’s dependence on imported gas and enhance domestic renewable energy production.
The JV between ONGC and EverEnviro supports the initiatives by government of India, such as the Global Bio-Fuels Alliance and the ambitious target of reaching net zero carbon emissions by 2070. The collaboration aims to reduce around 750,000 tonnes of carbon emissions per year by utilising various feedstocks like agricultural waste, agro-industrial waste, energy crops, and municipal solid waste.
