Indian Oil To Build Two Mega Bio-Refineries In Telangana And Andhra To Extract Ethanol From Agri-ResidueIndian Oil Logo

In a big boost for the nation's nascent biofuels and clean energy sector, state-owned Indian Oil Corporation (IOC) plans to set up two mega bio-refineries in Telangana and Andhra Pradesh, reports Economic Times.

The refineries will come up at an investment of Rs 600 crore each and will have the capacity to extract five lakh litres of ethanol from agri-residue like wheat and rice straw. These refineries will take at least 18 months to be completed after IOC takes possession of the land for the project.

The company has already approached Telangana government with its proposal but is yet to reach out to Andhra Pradesh government.

"We have approached the Telangana government which has identified two parcels of land for the project," said R S S Rao, IOC's executive director and state head for Telangana and Andhra Pradesh.

As per details shared by Rao, the Telangana unit would come up within 200 kilometres of Hyderabad's periphery.

According to IOC's research and development (R&D) director SSV Ramakumar, the company is planning to set up a total of 12 bio-refineries across multiple states which include Gujarat, Haryana and Uttar Pradesh.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement