Now Mukesh Ambani And Gautam Adani Are Entering The Biogas Sector
Ambani and Adani Relation : After telecom between Mukesh Ambani...
Ambani and Adani Relation : After telecom between Mukesh Ambani and Gautam Adani, two of the biggest rich in Asia, there will be a direct competition in another sector. Let us tell you that Ambani’s Reliance Industries and Adani’s company Adani New Industries (ANIL) have decided to set up two Compressed Biogas (CBG) plants each.
500 to 600 crore investment
ANIL plans to bring 40 million tonne capacity plants annually in Uttar Pradesh and Gujarat. While Ambani’s Reliance Industries has not yet finalized the location for its plants. According to sources, both these companies will invest Rs 500 to 600 crore for this.
this is the preparation
Adani and Reliance are preparing to enter this segment with several plants. Let us tell you that Compressed Biogas (CBG) is made from Agriculture Waste, Sugarcane Press Mud and Municipal Waste. The use of CBG is also being considered for making green hydrogen. It can be used domestically. It can replace the piped natural gas (PNG) in homes. We can sell CBG and CNG as fuel in vehicles from our retail outlets. Also, CBG can be put into your City Gas Distribution (CGD) network. Domestic and retail users can use it.
Reliance ahead with Jio-BP brand
Reliance has formed a joint venture Reliance BP Mobility with BP. This company has more than 1400 petrol pumps under the Jio-BP brand across the country. Similarly, Adani Total Gas, a subsidiary of Adani Group, is very active in City Gas Distribution.
less than petrol
Let us tell you that the price of petrol and diesel is not taking the name of reduction. At the same time, the inclination of private companies is increasing due to the attractive prices of Compressed Biogas (CBG). Let us tell you that in 2018, its price was Rs 46 to 56 per kg, which has now increased to Rs 70 to 76 per kg.
this is the target
The manure left over after the production of CBG will be used as fertilizer. The central government had launched a scheme in October 2018 to further increase the production of CBG. Under this scheme, a target was set to set up 5,000 CBG plants by the financial year 2023-24. Biogas contains 60 percent methane, 40-45 percent carbon dioxide and hydrogen sulfide.
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