Natural Gas SME set to invest Rs 600 crore in biogas business

Enertech Fuel Solutions, a small and medium enterprise based in Ahmedabad is all set to invest Rs 600 crore for its foray into the compressed biogas (CBG) business, the company announced on Tuesday, May 03.

The announcement was made on the sidelines of the inauguration of Enertech’s new office premises in the city by minister of state for energy, government of Gujarat, Mukesh Patel. Badri Mahapatra, promoter of the firm said, “The investment will be made next year for a pan-India presence in the CBG business. Given our extensive experience in the natural gas business, foraying into the CBG business is a natural extension. We plan to establish 10 CBG plants in a year.”  “In the first phase, we will establish four CBG plants in Gujarat, Uttar Pradesh, Punjab, and Haryana. In the second phase, we will invest one more plant in each of these states, while adding two more plants in Madhya Pradesh,” said Mahapatra.

In Gujarat, Enertech has zeroed in on Mehsana for setting up a CBG plant. Biogas is produced from waste/biomass sources such as agricultural residue, cattle dung, municipal solid waste, sewage treatment plant waste, among others through the process of anaerobic decomposition. The biogas is purified to remove hydrogen sulphide, carbon dioxide, water vapour and compressed as CBG. CBG has calorific value and other properties like CNG and can be used as a green renewable automotive fuel.

https://timesofindia.indiatimes.com/business/india-business/natural-gas-sme-set-to-invest-rs-600-crore-in-biogas-business/articleshow/91293967.cms

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    04.05.2022

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