New Energy World™
New Energy World™ embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low-carbon technologies.
The move of an energy major signals shift in the Indian biomass industry
11/12/2024
8 min read
Feature
India’s struggling biofuel industry may finally be picking up as the country’s oil refining major, Reliance Industries, announced an INR650bn ($7.72bn) investment plan to set up 500 compressed biogas (CBG) plants over the next three years in the southern state of Andhra Pradesh, reports Raghavendra Verma.
The project was announced at a televised event in November with N Chandrababu Naidu, the Chief Minister of the regional political Telugu Desam Party (TDP), present.
‘This groundbreaking initiative will revitalise the vast tracts of wasteland, transforming them into hubs of sustainable energy production,’ said Executive Director of Reliance Industries PMS Prasad at the event.
The location of this project is of special significance as Naidu is a crucial ally of Prime Minister Narendra Modi’s BJP-led central government coalition.