Petroleum Ministry inks pact with Praj Industries for setting up of CGB plants
It aims at facilitating operation for production of CBG and Organic Compost Manure under SATAT scheme.
Ministry of Petroleum & Natural Gas Ltd. has signed a Memorandum of Understanding (MoU) with Praj Industries in presence of Dharmendra Pradhan, Minister of Petroleum & Natural Gas & Steel, Government of India. The MoU aims at facilitating technological support to the entities for setting-up and commissioning of multiple number of eligible and qualified CBG plants and their continuous operation for production of CBG and Organic Compost Manure under Sustainable Alternative Towards Affordable Transportation (SATAT).
To boost availability of affordable and clean transport fuels, a MoU was signed between MoPNG and leading oil & gas marketing companies & technology providers to establish Compressed Bio-Gas CBG) plants across India under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative.
Government of India, under the SATAT initiatives envisages setting up of 5000 CBG plants by 2023-24 with production target of 15 MMT, facilitating the creation of new employment opportunities and enhancing farmers' income towards further invigorating the rural economy.
Speaking about SATAT, Pradhan said, “We have developed a clear-cut roadmap for SATAT. I am glad to note that Indian industry players have shown immense interest in SATAT. Letter of intent for 600 CBG plants have already been given and with today’s signing of MoUs for 900 plants, a total of 1500 CBG plants are at various stages of execution. Rs 30,000 Cr of investment is envisaged in these 900 plants. A total of 5000 CBG plants with approximate investment of Rs. 2 lakh crores are envisaged. Biofuels have the potential to reduce our fuel import bill by Rs. 1 lakh crore.”
Elucidating the benefits of SATAT, Minister Pradhan said, “Benefits out of the SATAT will go to our farmers, rural areas and tribals. With inclusion of forest waste, Agri-waste, animal husbandry waste and marine waste, SATAT involves a multi-pronged approach. With liberalized policy regime ensuring ease of doing business for entrepreneurs, off-take guarantee, financing and technology support, SATAT is all set to contribute towards doubling farmer’s income, generating employment for the youth and ensuring clean energy for sustainable development.