By THE NEWSMAN OF INDIA|OIL Green Energy Ltd. (OGEL), a wholly owned subsidiary of Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas, and Hindustan Waste Treatment Pvt. Ltd. (HWT), a wholly owned subsidiary of SFC Environmental Technologies Ltd., have signed a Joint Venture Agreement (JVA) to collaborate in the development of integrated bioenergy and sustainable waste management projects in India.
The partnership envisages formation of a 50:50 joint venture company to pursue opportunities in compressed biogas (CBG), waste-to-energy and allied sustainable infrastructure projects aligned with India’s clean energy transition and circular economy objectives.OIL is a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas and one of India’s leading integrated energy companies. With a strong presence across the hydrocarbon value chain encompassing exploration, production and transportation of crude oil and natural gas, OIL is also steadily advancing its presence in renewable and green energy domains in alignment with India’s evolving energy transition agenda.OGEL has been established to drive OIL’s strategic initiatives in renewable and green energy sectors, including CBG and other emerging clean energy opportunities. Hindustan Waste Treatment Pvt. Ltd. is one of the leading technology-driven companies in the biogas sector with expertise across design, engineering, construction, commissioning, operations and maintenance of municipal solid waste-based bioenergy projects. The company is among the select few players in India to have successfully adapted, deployed and operated advanced global technologies under Indian conditions, including a state-of-the-art municipal solid waste-based biogas plant in North Goa that has been operating successfully for over a decade. Its parent company, SFC Environmental Technologies Ltd., has also established a strong presence in wastewater treatment and water reuse solutions, contributing towards sustainable environmental management practices in India.The proposed joint venture will explore opportunities in CBG, integrated waste-to-energy and sustainable resource recovery projects across suitable geographies in India. Representatives from both organisations expressed confidence that the collaboration would contribute towards India’s vision of Atmanirbharta and energy self-reliance. The partnership seeks to combine OGEL’s institutional strength and strategic energy sector experience with HWT’s proven technological and operational capabilities in the municipal solid waste-based bioenergy sector to support development of scalable and sustainable clean energy solutions in India.