BPCL calls for joint action to speed up biogas projects in Maharashtra
According to Moody's, BPCL urged coordinated steps by government, industry and lenders to speed up compressed biogas projects in Maharashtra state.
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what happened
Bharat Petroleum Corporation Limited (BPCL) on Thursday called for joint efforts by the central government, the Maharashtra administration, industry and financial institutions to speed up compressed biogas (CBG) projects in the state. The focus is turning farm residues, cattle waste and municipal organic waste into clean power.
At a workshop titled 'Waste to Wealth – Scaling GOBARdhan' in Mumbai, held with the Ministry of Petroleum and Natural Gas and the state government, participants reviewed policy, financing, feedstock supply and infrastructure needs. BPCL also stressed that organic fertiliser produced at CBG plants improves soil quality.
why it matters
For markets this is a long-term, niche development rather than a near-term driver of oil or gas prices. The discussion pointed to offtake guarantees, stable pricing, faster approvals and financing as the main hurdles that will shape how quickly the sector grows. Investors may watch it as an example of state oil companies diversifying into renewable fuels.
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- BPCL urges coordinated action to boost compressed biogas projects in Maharashtra — Moody's, 23 October 2026 at 04:47 UTC
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