Published On:February 27 2024
Story Viewed 216 Times

RIL to Invest Rs. 5,000 Crore in Compressed Biogas Plants (CBG)

Reliance Industries Ltd (RIL) is gearing up to expand its footprint in sustainable energy with ambitious plans to establish more than 50 compressed biogas (CBG) plants within the next two years, at a projected investment exceeding ₹5,000 crore. This development comes in line with the company's commitment to advancing environmentally friendly energy solutions.

According to industry insiders familiar with the matter, RIL aims to accelerate the deployment of CBG plants, tapping into the burgeoning market for green fuels. CBG, derived from waste or biomass sources, shares similar properties with compressed natural gas (CNG) and offers versatile applications across automotive, industrial, and commercial sectors.

The decision to ramp up CBG production aligns with RIL's broader strategy outlined by Chairman Mukesh Ambani during the company's annual general meeting last August. Ambani had announced ambitious plans to establish a total of 100 CBG plants within a five-year timeframe, underscoring RIL's steadfast commitment to sustainable energy initiatives and reducing carbon emissions.

As the global drive towards renewable energy gains momentum, RIL's significant investment in CBG infrastructure underscores its proactive approach towards addressing environmental challenges while capitalizing on emerging opportunities in the green energy sector.


OUR OTHER PRODUCTS & SERVICES: Projects Database | Tenders Database | About Us | Contact Us | Terms of Use | Advertise with Us | Privacy Policy | Disclaimer | Feedback

This site is best viewed with a resolution of 1024x768 (or higher) and supports Microsoft Internet Explorer 4.0 (or higher)
Copyright © 2016-2024

Technology Partner - Pairscript Software