+
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

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code