With a capital investment of $1 billion, EverEnviro Resource Administration Pvt Ltd (Ever Enviro), a fully owned subsidiary of Green Growth Equity Fund (GGEF), intends to build fourteen compressed biogas facilities around the country. Compressed biogas, or CBG, is an environmentally friendly fuel produced from waste or biomass.
It possesses characteristics that are comparable to those of compressed natural gas and can be used for automotive, commercial, and industrial uses (CNG).
“We’d have ten crops on the bottom in numerous phases of commissioning by March 2023, however the variety of tasks we’re engaged on might be far more than that,” states Parvez Umrigar, Managing Director, EverEnviro. Umrigar further states that the company is engaged on tasks primarily based on municipal waste, agro waste and agro-industry waste.
There are now roughly 25 CBG crops being cultivated in India. Over the next five to seven years, more than $2 billion in investments, according to business analysts, may be made in the region
