Oilmax Energy has announced an investment of Rs 450 crore in Assam, focusing on oil and gas production, mineral resource development, and compressed biogas (CBG) production.

During the Advantage Assam Summit, Oilmax committed to expanding its operations in the region, aiming to boost energy security and promote sustainable energy solutions.

The company signed three key memorandums of understanding (MoUs) to drive its investment plans. The first MoU, signed with Brahmaputra Crackers & Polymers (BCPL), centres around the Tiphuk oil and gas field, where BCPL will offtake the gas produced. 

The second MoU, signed with the Government of Assam, facilitates the development of quartz mining to strengthen the state's mineral sector.

The third MoU was signed with Assam Gas Company (AGCL) for setting up a CBG plant using Napier grass as feedstock. Oilmax will provide advanced technology for biogas production, while AGCL will source raw materials and utilise the gas. 

This initiative supports India's push for clean energy and circular economy solutions.