Bharat Petroleum Forms JV With GPS Renewables For Compressed Biogas Plants

Bharat Petroleum Corp. Ltd. has signed a 50:50 joint venture agreement with GPS Renewables Pvt. Ltd. to set up compressed biogas plants across India, the company said in a press release. The joint venture, first announced on September 13, 2024, aims to establish 8–10 compressed biogas plants in the northern and eastern states of India over the coming years. These plants will be aligned with the existing city gas distribution areas allotted to BPCL.

The joint venture will construct, operate, and maintain the biogas plants and will also sell compressed biogas and its derivatives. The partnership will support BPCL’s efforts to meet the compressed biogas blending mandate and advance its energy transition and net-zero goals.