Banks support biogas industry, says Tarun Kapoor
A mechanism is being set up to register compressed Bio Gas plants which will also get handholding till commissioning and the flow of gas into the market, Tarun Kapoor, Secretary, Ministry of Petroleum & Natural Gas, said at a webinar of the PHD Chamber of Commerce and Industry.
“There is a lot of support coming from the banking sector for lending and a lot of schemes have been launched for the promotion of biogas,” he said on 24 Dec 2020.
Oil companies have taken the responsibility to ensure that the product is blended with natural gas and marketed through the nationwide city gas network which is being set up, he told the ‘Potential of Bio compressed Gas to fulfill energy needs in India’ webinar.
The compressed biogas will also be sold through retail outlets such as petrol pumps for CNG-powered vehicles. “The people will find this form of gas better because the percentage of methane is higher,” said Kapoor underlining the importance of compressed bio gas to the country.
“We need to evolve a global tender mechanism for the pricing finding of the biogas, enabling low-cost capital to come into this sector,” said Lt. Col Monish Ahuja (Retd), Managing Director of the Punjab Renewable Energy Systems Private Ltd (PRESPL).
Biomass forms from the agriculture field, slurry, biodegradable waste available, all these routes can help to have good economic energy, he pointed out.
“We can create a village of gas distribution as we have a city gas distribution network,” added Dr. Atma Ram Shukla, Ex- Advisor, MNRE, and President Indian Bio Gas Association
Pradeep Multani, Sr Vice President, PHD Chamber of Commerce and Industry, highlighted the Sustainable Alternative Towards Affordable Transportation initiative which will provide Sustainable Alternative Towards Affordable Transportation.
It will be a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs, he pointed out.
Production and use of biogas-methane-from organic waste are important for saving in economic terms, keeping the environment clean, and minimizing the effects of climate change by generating cleaner green energy that makes a pollution-free atmosphere and thereby reducing the GHG emission, webinar participants heard.
Biogas technology is reviewed as a promising sustainable solution for the agriculture, rural, industrial, and automobile sector.
Public transport vehicles such as buses, auto-rickshaws, and personal cars driven on conventional fuels like natural gas, gasoline, and diesel can be converted into bio-CNG vehicles by retrofitting with the additional gas tank to the normal fuel system, said Multani.
V.K Mishra, Co-Chairman Hydrocarbon Committee PHD Chamber of Commerce and Industry, underlined the need for having an Energy source that is clean, dependable and affordable.
India has a huge potential in renewable energy in terms of solar, hydro, biomass among other sources for future energy requirements, stressed Mishra. #renewables #solar #manufacturing #technology #biogas #OPEC #investment #banks /fiinews.com
