IndianOil, EverEnviro join hands for biofuel push with 50:50 JV

17 Oct 2024 CW Team

In a significant step towards promoting sustainable energy, IndianOil has entered into a joint venture with EverEnviro Resource Management Pvt. Ltd. to boost biofuel adoption in India. The 50:50 partnership will focus on expanding the use of Compressed Biogas (CBG), a cleaner and renewable energy source derived from organic waste. The agreement was signed by Santanu Gupta, Executive Director (Alternative Energy), IndianOil, and Mahesh Girdhar, MD & CEO of EverEnviro, in the presence of senior officials from both organizations. The joint venture will work towards setting up CBG plants across the country, contributing to India’s Net Zero goals. This venture is part of IndianOil’s broader low-carbon development strategy. By integrating advanced biogas technologies, the JV aims to convert organic waste into CBG, reducing greenhouse gas emissions and providing a sustainable alternative to traditional fossil fuels. “CBG offers numerous benefits to India and the environment. It promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities,” a statement reads. The initiative aligns with IndianOil’s commitment to achieving operational net zero by 2046. The adoption of biofuels is seen as a crucial step towards meeting India's national goal of becoming net zero by 2070.

Infrastructure Transport

22 Sep 2025

India, FAO to Develop Blue Port Infrastructure

The Department of Fisheries (DoF), under the Ministry of Fisheries, Animal Husbandry and Dairying, has entered into a technical cooperation programme (TCP) agreement with the Food and Agriculture Organization (FAO) of the United Nations to develop modern Blue Port infrastructure in India.As part of the Blue Ports framework, the government will combine advanced technology with sustainable practices. Three fishing harbours—Vanakbara in Diu, Karaikal in Puducherry, and Jakhau in Gujarat—have been cleared for development with a combined investment of Rs 3.7 billion.The model will incorporate d..

Godrej Finance, Muthoot Join Hands To Boost MSME Lending

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Kerala is accelerating growth with strong strides in tourism, information technology, micro, small and medium enterprises (MSMEs), and green energy, reaffirming its path towards a progressive and knowledge-driven economy, according to a study by the MSME Export Promotion Council.Releasing the report on Investment, Growth & Development between 2021-22 to 2024-25 in Progressive Kerala, Council chairman Dr D. S. Rawat said that during the period, Kerala attracted new investment projects worth Rs 709 billion.Projects worth Rs 237 billion were completed, Rs 108 billion worth revived, while proj..