Bharat Petroleum confident of meeting 10% ethanol blending target by 2022
MUMBAI: Bharat Petroleum NSE -3.43 %, which is the national coordinator for ethanol blending by state-owned refiners, is confident of meeting the new government target of blending 10 per cent biofuel with petrol by 2022 with the latest addition of maze to the list of feedstock for the green fuel.
State-run oil marketers are required to blend 10 per cent ethanol in petrol under the national policy on biofuels 2018 by 2022 and 20 per cent by 2030. But so far this has not been moving at scale as surplus sugarcane was not easily available and the blending is only 5 per cent now.
