TruAlt Bioenergy bags Rs. 2,500 crore ethanol order from OMCs
Energy

TruAlt Bioenergy bags Rs. 2,500 crore ethanol order from OMCs

This contract covers an extensive volume of 300 million liters

  • By ICN Bureau | October 30, 2024

TruAlt Bioenergy has secured Rs. 2,500 crore contract for ethanol supply with India’s top Oil Marketing Companies (OMCs) under the Ethanol Blending Program for the Ethanol Supply Year (ESY) 2024-25.

Representing India’s largest ethanol order to date in the first cycle of the ESY 2024-25 tender, this contract covers an extensive volume of 300 million liters, reinforcing TruAlt Bioenergy’s commitment to supporting the country’s growing fuel requirements and advancing the government’s ethanol-blending objective.

In addition to this, TruAlt Bioenergy has secured an order to supply approximately 65 million liters of ethanol to private players. The company will also be catering 50 million liters of Extra Neutral Alcohol (ENA) to various industries, expanding its impact across multiple sectors and reinforcing its commitment to supporting both the energy and industrial markets in India.

As India’s largest ethanol producer, TruAlt Bioenergy will supply ethanol to key locations nationwide, leveraging its robust production capacity of 1.4 million liters per day and a 4.3% market share, all while upholding high industry standards. This milestone reinforces TruAlt Bioenergy’s leadership in the ethanol market and its commitment to advancing India’s renewable energy ambitions.

“TruAlt Bioenergy is committed to working closely with the government as we progress toward higher blending levels, ensuring we remain a consistent and reliable partner in achieving India’s long-term energy security goals. With this latest tender, our aim is to make a significant contribution to the nation’s Ethanol Blended Petrol (EBP) program, not only to meet the 20% blending target but also to support the roadmap beyond this milestone,” said Vijay Nirani, Founder and MD, TruAlt Bioenergy.

OMCs invited bids for approximately 9.16 billion liters of Denatured Anhydrous Ethanol for blending in ESY 2024-25, aiming to achieve a nationwide ethanol blend of 15%. Over the past decade, the Ethanol Blending Program (EBP) has generated substantial benefits, including Rs. 106,072 crore in foreign exchange savings, a reduction of 544 lakh metric tons in CO₂ emissions, and the substitution of 181 lakh metric tons of crude oil. The program has also brought significant economic gains, with OMCs disbursing Rs. 14,593 crore to distillers and Rs. 87,558 crore to farmers.

TruAlt is also expanding into second-generation (2G) ethanol and Sustainable Aviation Fuel (SAF) to further its role in sustainable energy. Additionally, the company is exploring opportunities in the fuel retail sector, focusing on semi-urban markets to broaden its impact.

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