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Business EconomyPosted at: Mar 13 2024 6:22PM


BPCL to setup 2 Compressed Bio Gas plants in Chhattisgarh; signs MoU with state govt

New Delhi, Mar 13 (UNI) State owned Energy conglomerate Bharat Petroleum Corporation Limited (BPCL), on Wednesday inked a pact with the Chhattisgarh Biofuel Development Authority, and Municipal Corporations of Raipur and Bhilai for the production of Compressed Bio Gas (CBG) in the state, marking a transformative leap towards a cleaner and greener future.
Under the terms of the agreement, BPCL will spearhead the establishment of CBG plants in Raipur and Bhilai with an investment of approximately Rs 100 crore each.
These state-of-the-art plants will boast a processing capacity of 100-150 tonnes per day, harnessing the potential of municipal solid waste to produce biofuel.
The MoU was signed in the presence of Chhattisgarh Chief Minister Vishnu Deo Sai and Deputy Chief Minister Arun Sao.
Chief Minister Sai underscored the pivotal role of CBG plants in fostering clean cities, clean energy, and zero carbon emissions, emphasizing the government's unwavering commitment to environmental stewardship.
Approximately 200-250 metric tonnes of municipal solid waste will be utilized daily in the production of biofuel, laying the foundation for a sustainable and circular economy. Moreover, the establishment of these plants is poised to generate approximately 60,000 man-days of employment directly and indirectly every year, bolstering economic growth and livelihoods in the region.
Highlighting the economic benefits of the initiative, the Chief Minister noted that the state stands to receive GST revenue to the tune of Rs 45 lakh per year upon production and sale at full capacity.
Additionally, the plants will yield organic fertilizer as a valuable by-product, furthering the state's efforts towards promoting organic farming and agricultural sustainability.
Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with presence in the upstream and downstream sectors of the oil and gas industry.
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Tags: #BPCL to setup 2 Compressed Bio Gas plants in Chhattisgarh; signs MoU with state govt
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