By: ICN Bureau
Last updated : May 30, 2024 5:17 pm
The partnership aims to mitigate approximately 7.5 lakh tons of CO2 equivalent annually
ONGC has inked a Memorandum of Understanding (MoU) with EverEnviro Resource Management on 29 May 2024 to establish 10 Compressed Biogas plants across India to reduce India’s reliance on imported gas and boost domestic renewable energy production.
The 50:50 joint venture between ONGC and EverEnviro aligns with the Government of India's initiatives, including the Global Biofuels Alliance, and NetZero carbon emissions by 2070.
By harnessing diverse feedstocks such as agricultural waste, agro-industrial waste, energy crops, and municipal solid waste (MSW), the partnership aims to mitigate approximately 7.5 lakh tons of CO2 equivalent annually.