Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables have entered into a joint venture agreement to develop a network of Compressed Biogas (CBG) plants across multiple Indian states. This agreement builds upon their earlier announcement made on September 13, 2024.
The 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 attended by BPCL Directors Sanjay Khanna and Raj Kumar Dubey.
Under this partnership, the joint venture will focus on setting up 8 to 10 CBG plants in states including Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal. These regions have been strategically selected based on the abundance of agricultural waste and BPCL’s existing city gas distribution infrastructure.
The initiative is part of a broader effort to convert agricultural residue and other organic waste into renewable energy using advanced waste-to-energy technology. The project is expected to play a key role in addressing stubble burning, lowering greenhouse gas emissions, and generating income for rural communities through biomass procurement.
This collaboration supports key national programs such as GOBARdhan, SATAT (Sustainable Alternative Towards Affordable Transportation), and the CBG Blending Obligation. These initiatives are central to India’s push towards cleaner energy and circular economy solutions.
With India producing over 500 million tonnes of agricultural residue annually, the potential for bioenergy is significant. CBG is fast emerging as a sustainable alternative to fossil fuels in both transport and industrial sectors. The joint venture between BPCL and GPS Renewables is aligned with the country’s clean energy ambitions and BPCL’s own goal of achieving Net Zero emissions for Scope 1 and Scope 2 by 2040.
GPS Renewables contributes deep domain expertise to the venture, having developed more than 100 biogas projects across India, including Asia’s largest renewable natural gas facility in Indore. Bharat Petroleum, a Fortune Global 500 company, is India’s second-largest oil marketing firm and one of the country’s integrated energy players. With operations in refining, marketing, and distribution, BPCL has a refining capacity of 35.3 million metric tonnes per annum.
The company is on a path to becoming a Net Zero Energy Company by 2040 and is investing in sustainable solutions, including plans to install electric vehicle charging stations at 7,000 fuel stations over the next five years. Through initiatives in education, health, and community development, BPCL continues to support the well-being of local communities while advancing its environmental and social goals.
