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BPCL Enters into JV agreement with GPS Renewables

Bharat Petroleum Corporation (BPCL) and GPS Renewables have entered into a Joint Venture (JV) agreement to establish Compressed Biogas (CBG) plants across India. This strategic alliance is a significant step towards advancing India's energy transition and contributing to BPCL's Net Zero goals.

The joint venture will focus on converting organic Biomass waste into Compressed Biogas, a renewable and eco-friendly energy source. By leveraging advanced waste to-energy technologies, this initiative aims to address critical environmental challenges, including -

1. Agricultural residue management: Providing a viable solution to stubble burning, which contributes to air pollution and soil degradation.

2. Greenhouse gas reduction: Mitigating climate change by reducing emissions.

3. Sustainable rural development: Creating a structured value chain for agri-residue procurement, generating an additional income source for farmers.

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