Sojitz Enters India’s Biomethane Sector Through GPS Renewables’ New USD 400 Million Platform
Japanese conglomerate Sojitz Corporation has entered India’s biomethane sector by investing in a USD 400 million platform led by GPS Renewables and Indian Oil Corporation to develop 30 agricultural waste-based biomethane plants by FY 2026–27.
April 30, 2025. By Mrinmoy Dey
Sojitz will work in collaboration with IOC GPS Renewables (IGRPL), a joint venture between GPS Renewables and Indian Oil Corporation, to develop and operate biomethane production facilities using agricultural waste as feedstock.
IGRPL plans to establish 30 biomethane plants by FY 2026-2027 with a production capacity of 160,000 tons of biomethane annually. These projects have a total outlay of over USD 400 million.
EY was the exclusive M&A investment banker and Cyril Amarchand Mangaldas led by Partner Alok Sonkar was the transaction advisor representing GPS Renewables.
Commenting on the investment, Mainak Chakraborty, CEO and Co-Founder, GPS Renewables, said, “Sojitz and GPSR group have a shared vision of improving India’s energy self-sufficiency. As the country’s energy demand continues to rapidly grow, it’s crucial for us to prioritise biofuels and find ways to reduce our dependence on fossil fuels. This collaboration with Sojitz is a step towards increasing the production of cleaner sources of energy while reducing air pollution caused by the open burning of agricultural waste.”
Sojitz indicates that India is one of its key strategic markets and plans to play an active role in its transition to renewable energy. Green transformation (GX) business is a priority for Sojitz, and to advance this initiative further, a dedicated organisation has been set up to drive their GX initiatives. Sojitz currently focuses on developing renewable energy projects that have the potential to accelerate India’s biomethane sector while also addressing a few key environmental concerns such as air pollution.
Through this investment, Sojitz and GPSR will work to drive India’s clean energy goals by accelerating the expansion of biomethane production and operation across the country. The companies will leverage GPSR’s expertise in biomethane production processes, technology expertise, in-depth experience in design, construction, operation, and maintenance of biomethane plants.
Additionally, IOCL’s expansive network with gas consumers will play a crucial role in scaling distribution. Furthermore, Sojitz will assess opportunities for biomethane production beyond India by deploying GPSR’s technology in new regions to explore opportunities in the broader bioenergy sector.
please contact: contact@energetica-india.net.
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