Budget 2024: Rs 150 crore for biomass collection to boost CBG production

• The Budget 2024 has allocated Rs 150 crore for the collection of biomass, which is a key feedstock for compressed biogas (CBG) production.

• The industry executives warmly welcome the financial assistance as it will help overcome one of the main challenges of CBG projects, which is the high cost of biomass aggregation.

• Significantly, the government has announced a phased blending target of 1-5% for CBG with piped gas and CNG.

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