GREY:XEBEQ - Post by User
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Ciaoon Aug 25, 2021 8:28am
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RE:HYGEAR AND GPS RENEWABLES PARTNER TO DEVELOP RENEWABLE NATUR
RE:HYGEAR AND GPS RENEWABLES PARTNER TO DEVELOP RENEWABLE NATURLots of info in this NR that tells you this will be huge for HyGear (XBC)...
The companies will collaborate on converting organic waste (OFMSW / Agri waste) and landfill gas into green hydrogen with GPS Renewable’s state-of-the-art biomethanation plants, downstream bio CNG installations and HyGear’s on-site steam methane reforming-based Hy.GEN products. By leveraging on the experiences and technologies, the partnership will result in combined renewable gas leadership to create the first-of-its-kind waste-to-hydrogen infrastructure in the country.
On November 20, 2020, the Ministry of Petroleum & Natural Gas announced an investment of Rs. 2 lakh crore (USD $29.6 billion) to support a target of 5,000 compressed biogas facilities by 2023-24 and a production target of 15 MMT (million metric tons). Under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, the policy aims to boost the availability of affordable and clean transport fuels.
“By taking slow but steady steps, in a span of 6 years of commercialization, GPS Renewables has been able to position itself as the go-to project integrator for organic waste stream to bioCNG production in India.
We (HyGear and GPS) have zeroed in our first pilot site, from within GPS’ operational organic waste to biogas projects, and we aim to announce the kickstart of India’s first biomethanation based green hydrogen plant shortly,” said Mainak Chakraborty, CEO of GPS Renewables.