IOCL, IBA Sign MoU to Boost Bioenergy and Bio-Hydrogen in India

On Sunday, the Indian Biogas Association announced that it and Indian Oil Corporation Ltd. (IOCL) had inked a Memorandum of Understanding to advance the bioenergy and bio-hydrogen industries. According to a release, the goal of this partnership is to grow the bioenergy industry by using the synergies between the two organizations. Through this partnership, IOCL and IBA will establish a knowledge center to support initiatives that benefit both organizations and allocate resources including infrastructure, technology, and trained personnel to support the growth of the biofuels sector in India. 

To create information centers, the two parties will aggressively engage with lawmakers, corporate leaders, industry participants, and think tanks. To help the biofuels industry, training and capacity-building initiatives will be the main focus.

Key Highlights:

• IOCL, IBA partner to boost bioenergy and bio-hydrogen development.
• Focus on training, knowledge centres, and industry-institute R&D collaboration.
• Jointly propose biofuel policy incentives with central and state ministries.

Also read: Gujarat Leads India in Renewable Energy with 35.16 GW Capacity

"At a policy level, IBA is already working with a number of ministries to create regulations that support the biogas, bio-CNG, and renewable energy sectors. To catalyse biogas development, this partnership will facilitate collaboration between central and state ministries. IOCL and IBA will work to formulate and propose policy incentives for various categories of biofules," Gaurav Kedia, Chairman, IBA, said.