In a significant move towards bolstering India’s renewable energy capabilities, the state-run Oil and Natural Gas Corporation (ONGC) has announced its partnership with EverEnviro Resource Management Pvt. Ltd, a leader in the compressed biogas (CBG) sector, to establish CBG plants across the nation.
The ONGC board, in a recent meeting, has given in-principle approval for the formation of joint venture companies with EverEnviro and another undisclosed entity, aiming to set up 15 CBG plants.
This strategic alliance is part of a broader initiative to enhance domestic renewable energy production, with EverEnviro planning to establish over 100 CBG plants in India. These plants will utilize a variety of feedstocks, including municipal solid waste (MSW), agro waste, and agro-industrial waste.
Currently, EverEnviro is spearheading more than 20 CBG projects in states such as Madhya Pradesh, Uttar Pradesh, Delhi, and Punjab, with an investment close to ₹2,000 crore, expected to produce 320 metric tons of CBG daily.
Deepak Agarwal, Executive Director, EverEnviro Resource Management Pvt. Ltd. said, “We are honoured to partner with ONGC, one of the Navratnas of Government of India for bolstering domestic renewable energy production. Our vision is to attain a daily CBG output of 1000 metric tons on a pan India scale within the next five years.”
He highlighted the joint venture’s commitment towards contributing to India’s energy transition goals by 2023 and promoting environmental stewardship through reduced carbon emissions.
EverEnviro has built India’s largest biogas plant which turns city waste into clean energy in Indore, which was inaugurated by Prime Minister Narendra Modi in February 2022. Further, the company has associated with Indraprastha Gas Ltd and with Indian Oil Corporation Ltd to set up multiple CBG plants across the country.
