Biogas is an environment-friendly renewable energy source. The gas is produced naturally through a process that breaks organic matter like municipal solid waste, animal waste, sugarcane press mud, industrial bio-waste, and agricultural biomass and converts it into Biogas, which can be used as an automobile fuel, industry gas, and electricity in the market.
With the aim to reduce greenhouse gas emissions and making more our nation environment-friendly, Government of India has introduced many key government programs like SATAT scheme, Waste to energy program, National policy of Bio-fuel, Biogas scheme to have a green planet, developing rural economy while enhancing farmer’s income, Reduction in Crude and LNG imports thereby huge savings in forex, utilisation of domestic feedstock to produce biofuels, climate change mitigation, introducing upgrading technology to generate biofuels, and enabling India to create more employment and business opportunities.
Is CNG pump profitable in India?
The Compressed Biogas (CBG) market is expected to grow from USD 1.47 billion in 2022 to USD 2.25 Billion in 2029 at a CAGR of 6.3% in the 2022- 2029 period, in India. As per Oil and Natural resources minister, India will receive Rs 2 Lakh in investment to develop 5000 biogas plants by 2023-24.
Nexgen Energia has created a future roadmap for converting waste to energy India and making our planet energy independent by introducing a concept of CBG (Compressed Bio Gas).
The company has already been acknowledged for providing best entrepreneurial opportunities in clean fuel energy, world-class team to assist startups, extensive branding and marketing, committed to the partner's growth along with a successful business module.
NexGen Energia is India’s fastest growing integrated clean fuel energy company with its vision to redefine the manufacturing & distribution of alternate future energy sectors. The company has its major presence in almost all the streams including license for CNG/CBG production, green diesel production & its retail outlet distribution, Bio coal, EV charging station, Lubricants, etc. a high caliber team, state- of- the- art technologies, and cutting-edge R&D, quality consciousness, and transparency; creating an ecosystem where all energy in all its forms is tapped most responsibly and delivered to the consumers/stakeholders most affordably. The company lines up with a massive expansion plan to launch 40,000 production plants & retail outlets on CBG on the DODO Model by 2027 which is aligned with the SATAT (Sustainable Alternative towards Affordable Transportation) scheme initiated by the Government of India.