HPCL

In a major green energy initiative, Hindustan Petroleum Corporation Ltd (HPCL) is set to invest ₹20 billion ($231.04 million) over the next two to three years to establish 24 compressed biogas (CBG) plants across India. The move comes as the country, one of the world’s largest greenhouse gas emitters, accelerates efforts to reduce carbon emissions and achieve its net-zero target by 2070.

HPCL Renewable and Green Energy Ltd, a subsidiary executing the project, has already commissioned two CBG plants and plans to build 24 more. Each plant will produce 10–15 tons of compressed biogas daily, utilizing agricultural residue, cattle dung, sewage water, and other organic waste, said Mohit Dhawan, Chief Executive of the subsidiary.

As part of a national mandate implemented in April, India requires the blending of 1% CBG into gas used for transportation and cooking. This blend will be gradually increased to 5% by 2028–29, according to Vikas Singh, Director at the Ministry of Petroleum and Natural Gas. Singh highlighted that India currently consumes about 28 million standard cubic meters per day (MMSCMD) of gas for these purposes, which is expected to grow to 44 MMSCMD by 2028–29.

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By then, India aims to have 480 CBG plants, including 195 developed by state-run oil and gas companies. The initiative is also aligned with India’s broader strategy to reduce dependency on imported liquefied natural gas (LNG) and increase the share of natural gas in its energy mix from the current 6% to 15% by 2030.

 

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