Announced
Financials
Sources
Tags
Acquisition
biogas plant
Majority
Pending
India
Alternative Fuels
Private
Domestic
Friendly
Single Bidder
Synopsis
Indian state-run energy producer Oil and Natural Gas Corporation, and EverEnviro Resource, a biogas company, agreed to form a joint venture to establish compressed biogas plants across India. The board of ONGC, in a recent meeting, granted in-principle approval for the formation of joint venture companies with EverEnviro and another entity. The joint ventures will focus on setting up 15 CBG plants, utilising diverse feedstocks such as municipal solid waste, agricultural waste, and agro-industrial waste.
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