Indian Oil inks MoU with Praj Industries for development of 2G ethanol

October 26, 2016 5:03 am

State-run Indian Oil Corporation has signed a pact with Pune-based Praj Industries to enter into a technology partnership for setting up multiple second Generation (2G) bio-ethanol plants based on indigenously developed technology. Indian Oil will be setting up three such 2G bio-ethanol plants.

Indian Oil, like other oil marketing CPSEs, is blending biofuels in transportation fuels at the depot to bring down dependency on crude oil imports and to avail of the resultant economic and environmental benefits. In order to enhance ethanol availability in the country for blending with petrol, Indian Oil is developing 2G ethanol production infrastructure using ligno-cellulosic biomasses as feedstock.

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