01 March 2024 – ONGC’s decision to forge a joint venture with EverEnviro underscores the growing emphasis on sustainable energy solutions in India. Compressed biogas, an environmentally friendly alternative, is poised to play a crucial role in reducing carbon emissions. EverEnviro’s expertise in this domain positions the collaboration as a significant step toward achieving India’s energy transition goals.
About EverEnviro:
EverEnviro Resource Management Pvt. Ltd., established in 2019 by Eversource Capital, is a leading Compressed Biogas developer in India. Committed to sustainable waste management, the organization employs cutting-edge technologies to process urban municipal waste, agro waste, and hazardous waste. EverEnviro has been instrumental in executing over 20 CBG projects across multiple states, with a capital investment of nearly Rs 2,000 Crores, leading to a robust CBG output of 320 metric tons per day.
EverEnviro’s vision extends beyond CBG plants, as the company aims to establish over 100 CBG plants across India, utilizing diverse feedstock such as municipal solid waste, agro waste, and agro-industrial waste. The strategic collaboration with ONGC positions both entities to contribute significantly to India’s renewable energy production and environmental stewardship.
The company has already made strides in the field, inaugurating India’s largest biogas plant in Indore, and converting city waste into clean energy. The partnership with Indraprastha Gas Ltd and Indian Oil Corporation Ltd for multiple CBG plants is indicative of EverEnviro’s commitment to advancing sustainable practices.
Mr. Deepak Agarwal, Executive Director of EverEnviro, expressed honor in partnering with ONGC and outlined the vision of achieving a daily CBG output of 1000 metric tons on a pan-India scale within the next five years. The collaboration aligns with the national goal of energy transition by 2023 and emphasizes reduced carbon emissions through innovative waste management practices.
Conclusion:
The joint venture between ONGC and EverEnviro is a significant stride towards a sustainable and green energy future for India. The infusion of advanced technologies and the commitment to large-scale CBG production underscore the collaborative effort’s potential impact. As the nation accelerates its transition towards renewable energy, this partnership sets a precedent for leveraging expertise and resources to build a greener and cleaner tomorrow.
