IndianOil and GPS Renewables Pvt. Ltd. Form Joint Venture for Sustainable Energy Solutions

IndianOil, the 'Energy of India', has entered into a Joint Venture Agreement with GPS Renewables Private Limited, a leading biofuels company. This association will lead to the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. The joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. The initiative aligns with IndianOil’s low-carbon development strategy and aims to achieve operational net zero by 2046, contributing to the country's net-zero target by 2070. CBG offers numerous benefits to India and the environment, promoting energy security, reducing dependence on imported fossil fuels, and supporting the rural economy.