The project will use 200 TPD pressmud (sugar plant waste) from the adjacent sugar plant to produce 10TPD CBG. The plant will also produce high quality organic manure certified by Natural Organic Certification Agency (NOCA) as a co-product.
The compressed biogas produced in this plant will be utilised by IOCL under the Sustainable Alternative Towards Affordable Transportation (SAT AT) scheme. The project is scheduled to be completed in the next six months.
In addition to this development, Praj and Leafiniti have signed a Memorandum of Understanding (MoU) for setting up nine more CBG projects in southern India over the next three years. The cumulative 10 projects including the one underway will have a total capacity of 100TPD CBG production and will be completed over the next three years.
CBG is a renewable biofuel in gaseous form, derived by processing bio-based feedstock such as biomass, agricultural residue, sugarcane press mud, cattle dung, etc.
“These developments are in line with the objectives of the MOU that Praj signed with MoPNG on November 20, 2020 as a preferred CBG technology solutions provider, facilitating the construction of CBG plants as part of the SAT AT initiative,” company said in a regulatory filing on Friday.
Praj Industries Ltd trade ended at Rs86.95 per piece up by Rs2.65 or 3.14% from its previous closing of Rs84.30 per piece on the BSE.