BoxLNG-HoSt to work on 13 projects
HoSt Holding B.V. of the Netherlands is set to showcase technology expertise in one of India’s fastest-growing clean energy fields, and establish a strong foothold in South Asian market, its CEO Herman Klein Teeselink said, on signing technology collaboration and investment agreement with BoxLNG, one of India’s leading clean bioenergy companies with plans to develop 13 projects starting with two from February 2021.
BoxLNG said it is focused on executing scalable Renewable Natural Gas (RNG) and Compressed Biogas (CBG) projects, with its subsidiary ZiPGAS holding 14 Letter of Intents (LOIs) for the supply of approximately 150 tons/day of CBG under the Sustainable Alternative Towards Affordable Transportation (SATAT) scheme by the Indian Government.
BoxLNG will start implementing three projects on ground in the states of Uttar Pradesh and Maharashtra starting February 2021. Followed by the remaining 11 projects over the course of 2021.
HoSt will support ZiPGAS along with its subsidiary Bright Biomethane with the focus on biogas purification. The Dutch technology company is one of the largest suppliers of bioenergy systems globally with more than 200 installations during its 30 years of experience.
“We at HoSt are excited about the partnership with BoxLNG. This is a great bioenergy platform for us to showcase our technology expertise in one of the fastest-growing clean energy fields, and for us to establish a strong foothold in (South) Asia,” Teeselink said on announcing the collaboration on 12 Jan 2021.
BoxLNG President Brij Mohan Bansal said, “This is an opportune time for India to showcase its leadership position towards cleaner and greener future. We at BoxLNG are fully committed towards energy transition by utilising local resources.”
The BoxLNG-HoSt collaboration is a key milestone in India’s CBG story, where the partners bring strong local knowledge and project development experience, combined with international capital and technology expertise.
“We thank HoSt for their intention to work together with BoxLNG towards the realization of the first projects in India. We are working tirelessly towards our first target of achieving 200 CBG plants over the next 10 years, and for this to happen we need strong partners. HoSt brings to the table world class proven technology, investment and support allowing us to scale up in a short span of time,” BoxLNG CEO Sachin Nagdive elaborated. #energy #OPEC #renewables #gas #hydrocarbons /fiinews.com
