Indian Oil and EverEnviro Resource Management Pvt. Ltd will create a 50-50 joint venture to establish compressed biogas (CBG) plants.
The nation’s top refiner said in an announcement, “By leveraging their combined expertise, Indian Oil and EverEnviro aim to accelerate the deployment of CBG plants nationwide.”
Founded in 2019 by Eversource Capital, EverEnviro offers opportunities for handling diverse kinds of waste, such as agricultural waste, industrial agro waste, and urban waste.
Indian Oil is the topmost oil and gas PSU in India, positioned 116th on the Fortune 'Global 500' list. For three years in a row, it has held the top place in the 'BW Top 500' rankings and has been addressed as the most honored Oil and Gas Company by Business World.
At present, their aim is to attain operational Net-Zero Emissions by 2046, in line with India's global Net-Zero target by 2070. In spearheading India's shift towards clean energy, Indian Oil is directing to accomplish a value of 'One Trillion Dollar Giant' by 2047.
