Energy and environment solutions provider Thermax Ltd on Tuesday said one of its subsidiaries has bagged an order worth more than INR 500 crore from a leading energy conglomerate to set up five bio-CNG plants across the country.
These plants will be set up in Rajasthan, Madhya Pradesh, Maharashtra and Uttar Pradesh.
Thermax also plans to deploy 1 GW of hybrid renewable energy solutions by FY 2027 and is venturing into gasification plants with carbon capture capabilities to process 100-500 TPD coal, the company said, adding that these will be intra-state and inter-state projects helping industries with a variety of offerings, including round-the-clock clean electricity requirements.
With the capacity to produce 110 Tonnes Per Day of bio-CNG, these plants will utilize local feedstock exceeding 1,000 TPD, which includes rice straw, napier grass, cane trash, and soya trash.
The bio-CNG generated from these plants will be employed for commercial and captive use by the customer.
The company said this is part of Thermax’s broader initiative to introduce biochemicals and bioenergy solutions.
Thermax is the largest provider of biomass-based green energy solutions for fuel flexibility. It has also invested in a biomass-sourcing supply chain for captive consumption to ensure a consistent biomass fuel supply.
“To address the country’s unique energy challenges, we have pioneered technologies for converting waste to energy and are investing in newer areas such as hybrid renewables, biofuels, green hydrogen, and more,” said Ashish Bhandari, MD & CEO, of Thermax Ltd.
Currently, the company manages an operational portfolio of 140 MWp, with an additional 145 MWp under construction, over 300 MW in development, and 400 MW in the pipeline.
