Mumbai, 20 February. Bajaj Hindusthan Sugar Limited (Bajaj Sugar) and EverEnviro Private Limited have joined hands to set up a CBG (Compressed Biogas) plant in Uttar Pradesh. Bajaj Hindusthan Sugar currently produces about 500,000 metric tonnes of annual press-mud from its 14 sugar mills, which can potentially help it set up a CBG plant with a total capacity of 70 metric tonnes per day. Bajaj Sugar is the largest sugar producer in Asia as well as one of the largest mills with crushing capacity globally.
According to information received from the office of Mr. Kushagra Bajaj, Chairman, Bajaj Group, “Bajaj Group has been in business for more than 90 years and has always been at the forefront of nation building work. The Government of India and the Government of Uttar Pradesh are promoting the establishment of CBG plants and compressed biogas production with the aim of reducing dependence on fossil fuels. CBG is a more eco-friendly fuel obtained from various waste streams and it is heartening that Bajaj Group is going to produce another green energy besides ethanol by using press-mud, the waste stream from its sugar mills. Is.”
It is noteworthy that EverEnviro is India’s largest CBG producer to date, which is engaged in projects based on municipal organic waste, agricultural waste from paddy fields and residual waste from sugarcane crushing in MP, UP, Delhi. And is already working in Punjab. MD of EverEnviro Resource Management Private Limited And C.E.O. Mr. Mahesh Girdhar said, “Our partnership with Bajaj Hindusthan Sugar Limited is an important milestone in our journey of sustainable energy solutions. Through this collaboration, EverEnviro will leverage its expertise to develop, operate and scale up CBG projects across Uttar Pradesh. The continuous supply of press-mud from Bajaj Sugar’s sugar mills will significantly increase the CBG production capacity of our plants. Furthermore, the germinated organic manure produced as a by-product of CBG will promote regenerative agriculture, thereby enhancing soil health and fertility in the region. “This initiative aligns well with our country’s objective of reducing dependence on fossil fuels and promoting environmental sustainability.”
Under the bilateral arrangement with EverEnviro, Bajaj Sugar will have the option to either sell the press-mud at pre-determined long-term prices or take equity in the CBG plant project with EverEnviro. This agreement adds another green fuel to Bajaj’s portfolio (besides ethanol) as part of the revenue model.
Details about Bajaj Hindusthan Sugar Limited:
Bajaj Hindusthan Sugar Limited (Bajaj Sugar (www.bajajhindusthan.com) has the largest installed production capacity of sugar and ethanol in the country. It has 14 sugar mills and 6 distilleries located in the state of Uttar Pradesh and employs approximately 10,000 people. About 500,000 farmers supply sugarcane to them. The company has a total sugarcane crushing capacity of 1.36 lakh tonnes per day and a distillation capacity of 800 kilolitres per day. Bajaj Sugar is also a leading producer of ethanol, the green fuel that is India’s fastest growing It is going to bring a revolution in the energy market.
Details about Bajaj Group :-
Bajaj Group (www.bajajgroup.org) is a $2.5 billion diversified conglomerate with major interests in sugar, ethanol, power and FMCG businesses. Led by company promoter and chairman Kushagra Bajaj, the group has an asset base of over $5 billion and employs over 12,000 people.
Details about EverEnviro Resource Management Pvt Ltd:-
EverEnviro Resource Management Private Limited is a leading Compressed Biogas/RNG producer in India. Founded in 2019 by Eversource Capital, EverEnviro provides comprehensive solutions for managing various waste streams including urban municipal waste, agricultural waste and hazardous waste. The company is committed to employing cutting-edge technologies to optimize waste management processes and contribute to a sustainable future. Eversource Capital is an equal joint venture between Everstone Group (www.everstonegroup.com), one of Asia’s leading investment managers with US$7 billion across private equity, sustainability and climate impact, logistics, digital and venture capital. and Lightsource BP, a global leader in the development and management of solar energy projects. Eversource manages the Green Growth Equity Fund (‘GGEF’), India’s largest climate impact fund, comprised of India’s National Investment and Infrastructure Fund (NIIF) and the UK Government’s Foreign, Commonwealth and Development Office (FCDO). Major investments are involved.
