GUWAHATI: Oilmax Energy, a private integrated oil and gas company, has announced a ₹450 crore investment in Assam, reinforcing its commitment to the state's energy and mineral sectors. The announcement follows the company’s participation in the Advantage Assam Summit, where it pledged investments in compressed biogas (CBG) while also focusing on the Tiphuk oil and gas field and exploring mineral resource opportunities.
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As part of its expansion, Oilmax Energy has signed three significant Memorandums of Understanding (MoUs) to drive key energy and mineral projects in the state.
The first MoU, signed with Brahmaputra Crackers & Polymers Limited (BCPL), will facilitate investments in the Tiphuk oil and gas field. Under this agreement, BCPL will purchase gas produced at the site, boosting domestic energy production and enhancing India’s energy security.
The second MoU, in collaboration with the Government of Assam, focuses on the development of quartz mining. With Assam emerging as a strategic hub for industrial minerals, Oilmax Energy plans to leverage its expertise to unlock the sector’s potential, supporting India’s self-reliance in critical resources.
In its third agreement, Oilmax Energy has partnered with Assam Gas Company Limited (AGCL) to establish a compressed biogas (CBG) plant using Napier grass as feedstock. Oilmax will introduce advanced technology for biogas production, while AGCL will manage feedstock procurement and utilise the generated biogas. This initiative aligns with India's clean energy goals and promotes a circular economy, offering a sustainable model for biofuel production in Assam.
