Japanese general trading company Sojitz is entering biomethane production and sales in India.
It has invested in a holding structure comprising IOC GPS Renewables Ltd (IGRPL), which was jointly established by GPS Renewables Private and the state-owned Indian Oil Corporation. IGRPL will work on the development and operation of a biomethane business using feedstock such as agricultural waste.
Through this business vehicle, it plans to have 30 biomethane plants operational in India by 2027, producing and selling 160,000 tonnes of biomethane annually.
These projects have a total outlay of over $400m, according to a statement.
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