India, June 20 -- Hindustan Petroleum Corporation Ltd (HPCL) plans to invest around Rs.2,000 crore (approximately $231 million) over the next two to three years to establish 24 compressed biogas (CBG) plants across India.
A senior company official confirmed the development on Friday, marking a significant step in the state-run fuel retailer's green energy transition, reported Reuters.
The initiative is being executed by HPCL Renewable and Green Energy Ltd, a subsidiary of HPCL.
According to the subsidiary's CEO, Mohit Dhawan, the company has already commissioned two CBG plants and intends to build 24 additional units, the report said.
Each plant is expected to produce 10-15 tonnes of CBG per day using a variety of organic feedstock, i...
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