EVERENVIRO
ONGC to form an equal JV with EverEnviro to build 10 CBG plants
Oil and Natural Gas Corp (ONGC) and EverEnviro Resource Management Pvt Ltd are joining forces to construct 10 compressed biogas (CBG) plants, leveraging various feedstocks to reduce CO2 emissions by 7.5 lakh tons annually. ONGC, transitioning into the renewables sector, plans to establish solar, wind, and biofuel facilities alongside acquiring renewable projects. This strategic partnership signifies a pivotal step towards advancing renewable energy production in India.
EverEnviro eyes debut PE fundraise in India biogas sector
At present, EverEnviro has an operational Bio-CNG plant in Indore with 550 tonnes per day capacity and supply CBG into Avantika Gas’ piped natural gas (PNG) grid since September last year. It plans to add 5 more plants operational by FY24 - in Punjab, Uttar Pradesh and Madhya Pradesh with a total capacity of 60 MT CBG per day.
Why is Mukesh Ambani scouring sugar mills across India?
Mukesh Ambani, the chairman of Reliance Industries Ltd. (RIL), is exploring a fresh avenue in the energy sector by targeting an underexplored resource: sugarcane press mud for compressed biogas (CBG) production. RIL is engaging with sugar mills to procure press mud, signaling a move towards biogas amid the push for green energy.
Pursuing green, energy giants like Reliance Industries, Adani Group zero in on biogas
Now, the humble biogas has caught the fancy of some leading energy players of India Inc. Last week Reliance Industries announced its plans to set up 100 compressed biogas (CBG) plants. Adani Group's Adani Total Gas is planning to set up five CBG plants in the next five years with more to follow in future.
EverEnviro plans to set up 14 biogas plants at Rs 1,000 crore
EverEnviro Resource Management Pvt Ltd (EverEnviro), a wholly owned subsidiary of Green Growth Equity Fund (GGEF), is planning to set up 14 compressed biogas plants in the country with an investment of ₹1,000 crore, people aware of the development said.
IL&FS sells its environment business, reduces Rs 1200 crore debt
IL&FS, held 97.54 percent stake in the environment business the balance was held by IL&FS Employee Welfare Trust. This sale will reduce overall debt by Rs 1,200 crore - which is the combined debt of entities under IL&FS’ environment businesses.
- Go To Page 1
BP to invest USD 70 million in India's Green Growth Equity Fund
GGEF already includes investments from the Government of India, through the National Investment and Infrastructure Fund (NIIF), and the UK government, through the Department for International Development (DFID).
Load More
