HPCL to build 24 compressed biogas plants, plans investment worth USD 231 million
Public sector undertaking Hindustan Petroleum Corp Ltd (HPCL) has plans to set up 24 compressed biogas (CBG) plants in the next 2 to 3 years. The firm would invest $ 231.04 million as the country is looking to use organic waste to produce cleaner fuels as part of its efforts to reduce carbon emissions and achieve its 2070 net-zero target.
The projects would be executed by the firm's subsidiary, HPCL Renewable and Green Energy Ltd. These plants would have a daily capacity to produce 10-15 tons each of CBG using agricultural residue, cattle dung, and sewage water, among others.
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