New Delhi: In a significant step toward bolstering India’s clean energy transition and achieving net-zero goals, Bharat Petroleum Corporation Limited (BPCL) has entered into a joint venture with GPS Renewables Private Limited to establish Compressed Biogas (CBG) plants across key agricultural states in India.
The formal agreement was signed by Sameet Pai, Head of Corporate Strategy at BPCL, and Mainak Chakraborty, CEO and Co-Founder of GPS Renewables. The signing ceremony was witnessed by senior BPCL officials, including Director (Refineries) Sanjay Khanna and Director (HR) Raj Kumar Dubey, reflecting strong top-level support for the initiative.
Transforming Waste to Energy
The joint venture aims to leverage advanced waste-to-energy technologies to convert organic biomass into CBG, a clean, renewable energy source that plays a vital role in India’s sustainable development agenda. The project aligns closely with government schemes such as SATAT (Sustainable Alternative Towards Affordable Transportation), GOBARdhan, and the Compressed Biogas Blending Obligation (CBO).
“This partnership represents a powerful synergy between public and private sectors to accelerate India’s clean energy goals,” BPCL said in a statement, reaffirming its commitment to becoming a Net Zero Energy company by 2040.
Strategic Rollout Across High-Potential States
The venture will focus initially on establishing 8 to 10 CBG plants in Punjab, Uttar Pradesh, Bihar, Odisha, and West Bengal – regions rich in agricultural biomass and aligned with BPCL’s city gas distribution (CGD) network. This strategic alignment ensures operational efficiency and minimizes logistical complexities.
The initiative will also help tackle critical issues like agricultural residue management and greenhouse gas emissions, offering a sustainable alternative to stubble burning and other polluting practices. By creating a structured agricultural waste value chain, the JV is expected to generate rural employment, enhance farmer income, and promote regional economic development.
Boosting India’s Energy Security
Compressed Biogas, recognized for its potential to reduce fossil fuel dependence and lower carbon emissions, plays a crucial role in achieving India’s net-zero emissions target by 2070. BPCL’s robust infrastructure – including a refining capacity of 35.3 MMTPA and 23,500+ retail fuel stations—positions it strongly to support the national CBG ecosystem.
