Indian Oil signs MoU with Praj Industries for 2G ethanol development
Indian Oil Corporation Ltd (Indian Oil) has signed a Memorandum of Understanding (MoU) with Praj Industries as its technology partner for setting up multiple second-generation (2G) ethanol plants in India.
Indian Oil Corporation Ltd (Indian Oil), India’s flagship national oil company, has selected Praj, a Pune-based global process solutions leader, as its technology partner for setting up multiple second-generation (2G) ethanol plants based on indigenously developed technology. Indian Oil will be setting up three such 2G bio-ethanol plants.
Like other Oil Marketing Companies (OMCs) Indian Oil are 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.
– It is a great honour for us to be chosen by Indian Oil to become their technology partner in multiple 2G bio-ethanol projects in India. We have prepared ourselves to execute 2G ethanol projects over Rs. 3000 crore in two-three years. Our ‘Smart Biorefinery’ is capable of producing bio-ethanol and other co-products such as bio-CNG, power and a variety of bio chemicals, said Pramod Chaudhari, Executive Chairman, Praj Industries Ltd.
At the World Bio-fuels Day conference held at New Delhi recently, the Government of India had announced that a ‘biomass-based bio-fuels policy’ is in the offing to give boost to the agro-economy and to promote clean, renewable energy. This endeavour will be a socio-economic and environmental enabler as the farming community will generate additional revenues from agri-waste, which will be utilised to produce ethanol.
Praj is also providing assistance to Indian Oil for achieving various milestones towards holistic development of these 2G ethanol projects at various suitable locations across the country. Praj will also supply plant and machinery and assist with plant operations and maintenance (O&M).