Bio-diesel Indizel promoters plan eye 10 per cent of Indian diesel market in 7 years

Bio-diesel Indizel promoters plan eye 10 per cent of Indian diesel market in 7 years

My Eco Energy, which is in the process marketing its bio fuel Indizel in the country, plans to capture nearly 10% of the diesel market in six to seven years, said a top executive. Additionally, it also plans to open nearly 4,000 fuel outlets in the coming three to four years.

Santosh Verma, co-founder, My Eco Energy, said, “We plan to market around 12 million tons of Indizel in the next five years that will help convert 10% of the total regular diesel consumed in India to Indizel. Also, our bio fuel will be on an average Rs 2 per litre cheaper than the regular diesel and will have very low fuel emissions.” Read More…

 

 

Credit By: The Economic Times

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