IndianOil, the nation’s leading energy company, has signed a Joint Venture Agreement with EverEnviro Resource Management, a prominent player in the biofuels sector. This collaboration will result in the formation of a 50:50 joint venture company dedicated to promoting biofuel adoption across the country. The agreement was officially signed by Dr Santanu Gupta, Executive Director (Alternative Energy), IndianOil, and Mahesh Girdhar, MD & CEO of EverEnviro.
The joint venture aims to integrate advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), offering a cleaner and renewable energy source. The initiative will play a crucial role in reducing greenhouse gas emissions and providing a sustainable alternative to conventional fossil fuels. Through this partnership, IndianOil and EverEnviro will combine their expertise to accelerate the deployment of CBG plants across India, supporting the nation’s transition to greener energy solutions.
The new venture aligns with IndianOil’s long-term strategy to achieve operational Net Zero by 2046, contributing to India’s broader Net Zero goal by 2070. By harnessing the potential of CBG, the initiative is set to enhance energy security by reducing dependency on imported fossil fuels and stimulate the rural economy by generating local employment opportunities.
Dr Santanu Gupta expressed his enthusiasm, stating, “This partnership signifies a pivotal step towards sustainable energy development in India. Together with EverEnviro, we aim to foster the adoption of clean energy alternatives and contribute to the nation’s energy transition.”
Mahesh Girdhar added, “EverEnviro’s expertise in biofuels combined with IndianOil’s leadership in the energy sector will pave the way for innovative and sustainable energy solutions. We are excited to take this journey forward and make a significant impact on India’s clean energy landscape.”
The joint venture between IndianOil and EverEnviro marks a critical advancement in India’s efforts to embrace green energy. Compressed Biogas (CBG) not only provides an eco-friendly alternative to traditional fuels but also promotes energy self-sufficiency and sustainability. The initiative reflects a shared commitment by both companies to drive low-carbon solutions and support India’s sustainable development goals.
