Following its earlier announcement on September 13, 2024, Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables Private Limited have officially entered into a Joint Venture (JV) agreement to establish Compressed Biogas (CBG) plants across India. This strategic alliance is a significant step towards advancing India’s energy transition and contributing to BPCL’s Net Zero goals.
The JV agreement was formally signed by Sameet Pai, Head (Corporate Strategy),
BPCL and Mainak Chakraborty, CEO & Co-Founder, GPS Renewables Private
Limited in the presence of Shri Sanjay Khanna, Director (Refineries) BPCL and Shri Raj
Kumar Dubey, Director (HR) BPCL. This collaboration signifies a commitment by both
organizations to harness sustainable energy solutions in alignment with national and
global climate objectives.
The joint venture will focus on converting organic Biomass waste into Compressed
Biogas, a renewable and eco-friendly energy source. By leveraging advanced waste-
to-energy technologies, this initiative aims to address critical environmental
challenges, including –
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Agricultural residue management: Providing a viable solution to stubble burning,
which contributes to air pollution and soil degradation. -
Greenhouse gas reduction: Mitigating climate change by reducing emissions.
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Sustainable rural development: Creating a structured value chain for agri-residue
procurement, generating an additional income source for farmers.
The Joint Venture plans to establish 8 – 10 plants across Bihar, Odisha, Punjab, Uttar
Pradesh and West Bengal, over the next few years, which offer significant agri biomass
potential for CBG production and aligned with BPCL’s existing geographical allocation
for city gas distribution. This reduces logistics costs and promotes efficient operations.
Moreover, this initiative will enhance India’s energy security by reducing dependence
on imported fossil fuels, aligning with key Government’s objectives, including
GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) initiative, which
promotes organic bio-agro resources, the Sustainable Alternative Towards Affordable
Transportation (SATAT) scheme, which fosters sustainable transportation alternatives,
and CBG Blending Obligation (CBO), which encourages clean fuel adoption.
This partnership exemplifies the growing collaboration between public and private
sector leaders in fostering innovative and developing sustainable energy solutions to
support India’s low-carbon future.
