Indian Oil Corporation Ltd (IndianOil) has been honoured with the prestigious Biodiesel Association of India award for achieving the highest biodiesel blending during FY 2023-24.

The award was presented by Nitin Gadkari, Minister of Road Transport and Highways, and Hardeep Singh Puri, Minister of Petroleum & Natural Gas, to V Satish Kumar, Chairman & Director (Marketing), IndianOil at the recently concluded India Bio-Energy & Tech Expo 2024 in New Delhi.

IndianOil set a new benchmark by blending 23.24 crore litres of biodiesel with regular diesel, achieving a record blending ratio of 0.49%, surpassing the 0.43% overall blending achieved by other Oil Marketing Companies (OMCs). In the current year, IndianOil has achieved a 0.73% biodiesel blending ratio.

In his inaugural speech, Gadkari set forth an ambitious vision for the future of bioenergy in India, targeting a reduction in fossil fuel usage by 50% within the next five years. Puri, in his address, lauded IndianOil’s steadfast commitment to advancing India’s bioenergy sector. He emphasised the government’s ongoing efforts to achieve 20% ethanol blending in petrol, urging the automobile industry to accelerate the development of E100-compatible vehicles.

This recognition underscores IndianOil’s leadership in leading India’s biofuel revolution. The company has already achieved over 15% ethanol blending in its base petrol, aligning with the national goal of 20% ethanol blending by 2025. The E20 fuel is now available at nearly 7,000 IndianOil fuel stations nationwide.

Further, IndianOil has also introduced India’s first ETHANOL-100 fuel, that is now available at 400 fuel stations across Delhi, Uttar Pradesh, Maharashtra, Karnataka, and Tamil Nadu, a feat lauded by both Ministers. The company also set benchmarks by establishing India’s first 2G ethanol plant and the world’s first 3G ethanol plant at Panipat.