IndianOil and GPS Renewables Join Forces for Sustainable Energy Solutions in India

IndianOil, a leading integrated energy company in India, has signed a joint venture agreement with GPS Renewables, a prominent biofuels company. This collaboration marks a significant step towards promoting sustainable energy solutions in the country. The 50:50 joint venture will be dedicated to advancing biofuel adoption across India.

Focus on Biogas Technology and Reducing Emissions

The joint venture will focus on utilising advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This initiative aims to reduce greenhouse gas emissions significantly and offer a sustainable alternative to traditional fossil fuels. By combining their expertise, IndianOil and GPS Renewables aim to accelerate the deployment of CBG plants nationwide.

Alignment with Long-Term Sustainability Goals

This collaboration aligns perfectly with IndianOil’s long-term low-carbon development strategy. The joint venture’s efforts will contribute to achieving operational net zero for IndianOil by 2046, ultimately supporting India’s national net-zero target by 2070.

Benefits of Compressed Biogas (CBG)

The adoption of CBG offers numerous advantages for India and the environment. It promotes energy security by lessening dependence on imported fossil fuels. Additionally, CBG supports the rural economy by creating local employment opportunities.

About IndianOil and GPS Renewables

IndianOil is a diversified energy leader with a presence across the entire hydrocarbon value chain. Its operations encompass refining, pipeline transportation and marketing, exploration and production of crude oil and gas, petrochemicals, and alternative energy sources. IndianOil is actively pursuing green energy pathways, including emission mitigation, energy efficiency, fuel replacement, and renewable energy projects, to catalyse India’s transition to a sustainable future.

GPS Renewables – A Leading Biofuels Company

GPS Renewables is a prominent full-stack biofuels company offering technology and project solutions for climate-positive biofuel initiatives. They have extensive experience, having grown from developing captive biogas plants to establishing some of the world’s largest CBG plants, including their flagship 15 TPD CBG Plant in Indore, Madhya Pradesh.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.