Indian Oil to invest Rs 700 crore in setting up 2G ethanol plant at Panipat refinery


Indian Oil to invest Rs 700 crore in setting up 2G ethanol plant at Panipat refinery

Indian Oil Corporation (IOC), the country’s largest fuel retailer, is planning to set up a biomass-based second generation ethanol production facility at its flagship Panipat refinery at a cost of over Rs 700 crore.

IOC has selected Praj Industries as the licensor and consultant for the proposed 100 kilo litres per day facility to be housed in the Panipat refinery premises, the company said in an application seeking clearance from the environment ministry. The proposed plant will utilize non-food biomass, mainly rice straw and other ligno-cellulosic feed stock, requiring around 473 tonne of raw material every day.

“According to various biomass assessment surveys, surplus crop residue availability in India is in the range of 50-60 million tonne annually. Read More

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