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In a significant move towards advancing India’s clean energy landscape, Japan-based Sojitz Corporation has invested in the holding structure of the special purpose company jointly established by GPS Renewables Pvt. Ltd. (GPSR) and Indian Oil Corporation Ltd. (IOCL). The entity—IOC GPS Renewables Pvt. Ltd. (IGRPL)—will spearhead the development, operation, and maintenance of biomethane plants across India.
Through this strategic investment, Sojitz will foray into biomethane production and sales in India, marking a pivotal step in its Green Transformation (GX) business initiatives. IGRPL aims to build 30 biomethane plants by FY 2026–2027, with a combined production capacity of 160,000 tons annually. The total project outlay exceeds USD 400 million.
Biomethane, a purified form of biogas, serves as a sustainable and cleaner alternative…
