According to the Ministry of Petroleum and Natural Gas (MoPNG), India is expected to witness an investment of Rs 2 trillion in setting up 5,000 plants to produce gas from bio and crop wastes by 2023-24. An agreement has been signed for setting up 900 compressed bio-gas (CBG) plants by companies such as Adani Gas Limited and Torrent Gas Limited in order to boost the availability of affordable and clean transport fuel.
Under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, the government has planned to set up 5,000 CBG plants by 2023-24 with a production target of 15 million tonnes. At present, 1500 CBG plants are at various stages of execution. Of which, the government has given letter of intent for 600 CBG plants and signed memorandum of understanding for 900 plants.
The gas from CBG plants can be used as fuel in automobiles. As per the MoPNG, the biofuels can potentially reduce the fuel import bill of India by Rs 1 trillion.