Oil Min for Consolidated Biogas Policy to Expedite Projects, Reduce Overlap | Current Affairs | Vision IAS

Daily News Summary

Get concise and efficient summaries of key articles from prominent newspapers. Our daily news digest ensures quick reading and easy understanding, helping you stay informed about important events and developments without spending hours going through full articles. Perfect for focused and timely updates.

News Summary

Sun Mon Tue Wed Thu Fri Sat

    Oil Min for Consolidated Biogas Policy to Expedite Projects, Reduce Overlap

    2 min read

    Consolidation of Compressed Biogas (CBG) Policy

    The petroleum and natural gas ministry is proposing the consolidation of the CBG policy, financial, and infrastructure schemes under a unified platform to enhance project execution, minimize overlaps, and strengthen investor confidence.

    Current Administrative Structure

    • The Ministry of Renewable Energy (MNRE) administers financial incentives.
    • The Department of Fertilizers (DoF) manages market development.
    • The Petroleum Ministry is responsible for pipeline infrastructure and biomass aggregation machinery.

    Proposed National Integrated CBG Promotion Scheme (NICPS)

    • Aim: To unify existing central government CBG schemes.
    • The Petroleum Ministry will oversee operations, monitor, and handle inter-ministerial coordination.
    • The MNRE and DoF will continue their financial and administrative responsibilities.
    • Benefits: Ensures synergy, eliminates overlaps, and accelerates project implementation.

    Current CBG Production Scenario

    • Launch of Sustainable Alternative Towards Affordable Transportation (SATAT) initiative in 2018 to promote CBG production.
    • 134 plants producing and selling CBG, with about 70% owned by Indian Oil and Gail.
    • In the last fiscal year, 42,700 metric tonnes of CBG was sold.
    • Private companies have plans to set up CBG plants, though progress is slow.

    Challenges and Objectives

    • Challenges: Land availability, assured pricing, reliable feedstock supply, access to credit, and logistics infrastructure.
    • Objective: Provide end-to-end support from project development to marketing, reducing project risk, lowering logistics costs, and improving returns.
    • Goal: Accelerate the creation of a circular bio-economy in the country.
    • Tags :
    • Consolidation of Compressed Biogas (CBG) Policy
    Subscribe for Premium Features