Indian Oil signs MoU with Praj Industries Ltd.

Indian Oil Corporation Limited (Indian Oil), India’s flagship national oil company, has recently selected Praj, a Pune-based global process solutions, as its technology partner for setting up multiple 2nd 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 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.
Speaking about the collaboration, Mr. Pramod Chaudhari, Executive Chairman, Praj Industries Ltd., said, “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 3000Crore in two-three years.” Praj is also providing assistance to Indian Oil for achieving various milestones towards holistic development of these Projects at various suitable locations across the Country.

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