New Delhi: In a strategic move to drive India’s clean energy transition, Bharat Petroleum Corporation Limited (BPCL) has entered into a joint venture with GPS Renewables Private Limited to set up Compressed Biogas (CBG) plants in major agricultural states. This initiative underscores BPCL’s commitment to becoming a Net Zero Energy company by 2040.
The joint venture agreement was signed by Sameet Pai, Head of Corporate Strategy at BPCL, and Mainak Chakraborty, CEO and Co-Founder of GPS Renewables. The signing ceremony was attended by top BPCL leadership, including Sanjay Khanna, Director (Refineries), and Raj Kumar Dubey, Director (HR), indicating strong institutional backing.
Technology-Driven Circular Economy
The collaboration aims to convert agricultural and organic waste into CBG using advanced waste-to-energy technologies. The project will support government schemes like SATAT (Sustainable Alternative Towards Affordable Transportation), GOBARdhan, and the Compressed Biogas Blending Obligation (CBO), thereby aligning with national environmental and energy strategies.
Initial Focus on Five Key States
The first phase of the joint venture will see the development of 8 to 10 CBG plants in Punjab, Uttar Pradesh, Bihar, Odisha, and West Bengal. These states have abundant agricultural biomass and are strategically aligned with BPCL’s City Gas Distribution (CGD) network, ensuring logistical ease and operational synergy.
Sustainable Rural Development and Climate Action
The initiative is expected to mitigate pressing environmental challenges such as stubble burning and methane emissions by promoting a structured agricultural waste value chain. In doing so, it will generate rural employment, enhance farmer incomes, and boost local economies.
Compressed Biogas: A Key Driver in India’s Net-Zero Mission
As a clean, renewable fuel, CBG reduces reliance on fossil fuels and helps lower carbon emissions. With BPCL’s vast infrastructure—35.3 MMTPA refining capacity and over 23,500 retail outlets—the company is expected to scale the national CBG ecosystem and contribute meaningfully to India’s 2070 net-zero emissions target.
Discussion about this post