GAIL (India) Limited and VERBIO India Private Limited today signed a Memorandum of Understanding (MoU) to jointly explore the establishment of Agricultural Residue-based Compressed Biogas (CBG) plants in India. The MoU was signed in the presence of Sandeep Kumar Gupta, C&MD, GAIL, functional Directors of GAIL, and Claus Sauter, Founder/CEO, VERBIO Group.
Sumit Kishore, Executive Director (Business Development and Exploration & Production), GAIL, and Ashish Kumar, Managing Director, VERBIO signed the MoU. This collaboration aims to leverage the strengths of both companies to promote sustainable energy solutions and enhance the utilization of agricultural waste.
Under the terms of the MoU, the parties intend to work together to identify suitable locations for setting up greenfield Agri Residue-based CBG plants in a Joint Venture (JV) mode. The parties envisage undertaking feasibility studies of the identified projects. Based on the outcomes of these studies, they will secure investment approval from their respective managements for investment in the projects and for forming a JV company. Furthermore, GAIL may explore the possibility of acquiring equity in the existing CBG plant of VERBIO in the State of Punjab.
Speaking on the occasion, Sandeep Kumar Gupta, Chairman and Managing Director of GAIL, said, “This MoU with VERBIO marks a significant step in our commitment to advancing clean energy in India. By harnessing agricultural residues for CBG production, we aim to contribute to the nation’s energy security and sustainability goals. This initiative will not only provide a renewable energy source but also support local farmers by utilizing agricultural waste, enhancing their income and livelihood.”
Claus Sauter, Founder/CEO, VERBIO Group, said, “We are pleased to partner with GAIL to jointly deploy bioenergy as one of the most innovative solutions for stubble burning in India. This collaboration aligns with our vision of promoting CBG while supporting farmers and the rural economy in India. With a strong partner like GAIL, VERBIO will be able to replicate the success of the CBG proof of concept already implemented in Punjab, across India. Both GAIL and VERBIO are committed to fostering innovation in the biofuel sector, and this collaboration is a testament to that commitment. By leveraging agricultural residues, we will not only generate clean energy but also contribute to reducing GHG emissions and have a positive environmental impact.”
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