The collaboration aligns with the Government of India's initiatives like the Global Bio-Fuels Alliance and the ambitious goal of achieving Net Zero carbon emissions by 2070.
The CBG plants are expected to utilize various types of organic waste to produce biogas, which can be used as a renewable source of energy. By utilizing diverse feedstocks such as agricultural waste, agro-industrial waste, energy crops, and municipal solid waste (MSW), the partnership aims to mitigate approximately 7.5 lakh tons of CO2 equivalent annually.
This move is also emphasizes the transition to clean energy by utilizing agro-industrial waste and MSW. The CBG plants will contribute significantly to mitigating carbon emissions, and the fermented organic manure produced as a byproduct will promote regenerative agriculture, enhancing soil health and fertility.
This aligns with India's commitment to increase the share of natural gas in its energy mix and support the global transition to a low-carbon economy.
The collaboration between ONGC and EverEnviro is an excellent example of how public and private sectors can work together to foster sustainable development and energy security.
EverEnviro Resource Management Private Limited, established by EverSource Capital in 2019, is a leading developer in the Compressed Bio Gas (CBG) sector in India. EverSource Capital is known for being India's leading climate impact investor and is an equal joint venture between the Everstone Group and Europe's Lightsource Bp.
EverEnviro is at the forefront of climate solution businesses, focusing on technologies and businesses that can limit environmental damage and promote sustainability. They are involved in various projects, including waste to energy, construction and demolition waste management, renewable natural gas, and collection and transportation of municipal solid waste.
The company is committed to developing green and brownfield projects that produce a low carbon alternative to fossil fuel-based natural gas. With a significant capital investment, EverEnviro is executing about 20 CBG projects across different states in India, aiming for a robust output of CBG.
EverEnviro's capital initiatives reflect their vision to lead the world in circular and sustainable climate solutions, creating a brighter and cleaner future for all.
It may recalled that under the GOBARdhan initiative of the Union Government, there exist over 1200 plants including 320 CBG plants and 892 Biogas plants, spread across the length and breadth of the country, covering as many as 450 districts, as per the records by Unified Registration Portal for GOBARdhan, on July 2023.
Compressed biogas (CBG) holds significant importance as a renewable energy resource due to its multiple benefits. Firstly, it is produced from organic waste materials through anaerobic digestion, making it a sustainable and renewable source of energy. Secondly, by capturing methane from organic waste, CBG production helps mitigate greenhouse gas emissions that would otherwise be released into the atmosphere.
The compression of biogas increases its energy density, making it a more practical and efficient fuel source for various applications. CBG can be used directly to produce electricity and heat, as an energy source for cooking, and is fully compatible for use in natural gas vehicles.
Moreover, Biogas systems recycle organic waste into renewable energy and soil products, reducing the volume of waste and preventing nutrients from entering waterways. Thus, CBG production can turn waste treatment into a revenue-generating opportunity, create new revenue streams, and offer local jobs in construction, engineering, project management, and more
Moving manure from open lagoons to an airtight biogas system reduces GHG emissions and helps protect air, water, and soil. Biogas systems can produce renewable energy 24/7/365 with a high reliability rate, supporting distributed generation of energy.
CBG is a key component in the transition to a low-carbon economy, offering environmental, economic, and energy benefits while promoting sustainable development and energy security.
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