Ministry Of Petroleum & Natural Gas Flags Off India's First Supply Of Biodiesel
By Shubham Parashar
1 mins read
Published on May 5, 2021
- Biodiesel is made from plants, vegetables and cooking oil.
- A significant advantage of Biodiesel is its carbon-neutrality.
- Indian Oil has also issued 23 EOIs for Biodiesel plants.
Dharmendra Pradhan - Minister of Petroleum & Natural Gas and Steel has flagged off the first supply of Used Cooking Oil (UCO) based Biodiesel blended Diesel under the EOI Scheme from IndianOil's Tikrikalan Terminal. The program was launched in the presence of Secretary- Ministry of Petroleum & Natural GasTarun Kapoor and Chairman, Indian Oil S M Vaidya. The initiative has been taken to create an eco-system for collection and conversion of UCO into Biodiesel and developing entrepreneurship opportunities.
Minister of Petroleum and Natural Gas & Steel, along with Minister of Health& Family Welfare, Science & Technology and Earth Sciences, had initiated Expressions of Interest (EoIs) for "Procurement of Bio-diesel produced from Used Cooking Oil (UCO)" on the occasion of World Biofuel Day on 10th August 2019. Such "Expression of Interest" is being periodically released by Oil Marketing Companies (OMCs) as well. 11 EoIs were sent out between August 10, 2019 and November 09, 2020 across 200 locations. Publication of EoIs has been extended for one more year, till December 31, 2021 for 300 locations across the country. Referring to the, Pradhan said, "This is a landmark in India's pursuance of Biofuels and will have a positive impact on the environment. This initiative will garner substantial economic benefits for the nation by shoring up indigenous Biodiesel supply, reducing import dependence, and generating rural employment".
Under this initiative, OMCs offer periodically incremental price guarantees for five years and extend off-take guarantees for ten years to prospective entrepreneurs. Indian Oil has also issued 23 EOIs for Biodiesel plants with a total capacity of 22.95 crore litres. Moreover, it has received 51 kl of UCO-Biodiesel at its Tikrikalan terminal in Delhi as of 31.3.2021. Ministry of Petroleum and Natural Gas Secretary Tarun Kapoor said, "With this flag off, a new era of Bioenergy has been ushered in that will revolutionize the Indian petroleum sector. Feedstock availability in Biodiesel is a challenge, and leveraging UCO can be a major breakthrough that will enable us to reach the target of 5% Biodiesel blending. It will also help divert the unhealthy used oil from the food chain to a more productive purpose."
Biodiesel is an alternative fuel similar to fossil procured diesel and it can be produced from vegetable oil, animal fats, tallow and waste cooking oil. A significant advantage of Biodiesel is its carbon-neutrality which means the oilseed absorbs the same amount of CO2 as is released when the fuel is used in a vehicle. Also, Biodiesel is rapidly biodegradable and completely non-toxic.
Last Updated on May 5, 2021
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