Global Green Growth Institute, India sign BioCNG pact
Seoul-based Global Green Growth Institute (GGGI) has signed an memorandum of understanding (MoU) with India's ministry of petroleum and natural gas for the development of biological compressed natural gas (bio-CNG), it said on June 1.
The MoU has been signed under the Sustainable Alternative Towards Affordable Transportation (SATAT) scheme. Under this partnership, GGGI and the ministry will promote a circular economy through waste-to-energy and identify markets to utilise bio-CNG as a clean fuel.
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The SATAT scheme is an initiative launched by the government of India with the objective of setting up CBG production plants and making it available for the transport sector. The scheme was launched in October 2018 in collaboration with Indian public sector units like Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Pertonet LNG, and Gail.
GGGI, through this partnership, will facilitate the deployment of projects in India through its regional bio-CNG programme. It will provide advisory support for the development of commercially scalable business models that are targeted for the local conditions and will facilitate mobilising green finance.
The GGGI regional bio-CNG programme is supporting three Asian countries – India, Indonesia, and Thailand.