+
IndianOil, EverEnviro join hands for biofuel push with 50:50 JV
OIL & GAS

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

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code