Oilmax Energy To Invest Rs. 450 Crore In Assam’s Energy And Mineral Sectors

GUWAHATI: In a major investment, Oilmax Energy announced a Rs. 450 crore investment in Assam, focusing on the Tiphuk oil and gas field, quartz mining, and a CBG plant. The investment includes partnerships with BCPL, the Government of Assam, and AGCL and aims to create approximately 300 local jobs.

Oilmax Group participated in the Advantage Assam Summit, where the company had committed to investing in the state's compressed biogas sector. As part of this investment, Oilmax Energy signed three key Memorandums of Understanding (MoUs), marking a strategic expansion in Assam’s energy and mineral landscape.

The first MoU, signed with Brahmaputra Crackers & Polymers Limited (BCPL), focuses on investment in the Tiphuk oil and gas field, where BCPL will offtake the gas produced at the site.

The second MoU, signed with the Government of Assam, paves the way for the development of mineral resources, specifically quartz mining. With Assam emerging as a critical hub for industrial minerals, Oilmax Energy aims to leverage its expertise to unlock the potential of these resources, further supporting India’s push toward self-reliance in strategic sectors.

In its third MoU, Oilmax Energy has partnered with Assam Gas Company Limited (AGCL) to develop a compressed biogas (CBG) plant using Napier grass as feedstock. Oilmax will bring cutting-edge technology to process the raw material into biogas, while AGCL will source the feedstock and utilize the produced biogas.

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