Public sector OMCs procured 385.92 Cr litres of ethanol
Policy

Public sector OMCs procured 385.92 Cr litres of ethanol

Ethanol blending in petrol up to 15th November, 2022 during the ESY 2021-22 is estimated to have had an impact of over Rs. 20,000 crore on the import bill of crude oil and petroleum products

  • By ICN Bureau | December 09, 2022

Public sector Oil Marketing Companies (OMCs) have procured 385.92 crore litres of ethanol up to 15th November, 2022 for blending in petrol during the Ethanol Supply Year (ESY) 2021-22 (ESY: 1st December to 30th November) and 5.83 crore litres of bio-diesel for blending with diesel during the FY 2022-23 says Minister of State for Petroleum and Natural Gas,  Rameswar Teli in a written reply to a question in Lok Sabha.

The Oil and Gas Marketing Companies (OGMCs) have issued 3,694 Letters of Intent (LoIs) to potential entrepreneurs for procurement of Compressed Bio Gas (CBG) up to 31st October, 2022.

Ethanol blending in Petrol up to 15th November, 2022 during the ESY 2021-22 is estimated to have had an impact of over Rs. 20,000 crore on the import bill of crude oil and petroleum products.

Oil Central Public Sector Enterprises (CPSEs) are setting up Second Generation (2G) ethanol biorefineries in the country. The 2G ethanol plant at Panipat (Haryana) was set up and dedicated to the Nation by the Prime Minister on 10.08.2022. Plants at Bathinda (Punjab), Bargarh (Odisha), Numaligarh (Assam) are in advanced stages of construction.

Research & Development centres of CPSEs have taken up research work and set up demonstration projects on advanced biofuels at different locations. viz., Panipat (Haryana) by Indian Oil Corporation, Bengaluru (Karnataka) by Hindustan Petroleum Corporation, and Noida (Uttar Pradesh) by Bharat Petroleum Corporation Ltd.

The Department of Bio-Technology has established five Centres of Excellence (CoE) in Bioenergy capacity building to promote research and production of 2nd Generation biofuels.

Upcoming E-conferences

AGROCHEM SUMMIT 2023

February 24, 2023

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization

February 24, 2023 AGROCHEM SUMMIT 2023