Three oil PSUs to set up dozen ethanol plants at cost of Rs 7,000 crore: Oil secretary
State-run oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have been given the mandate to set up around 12 ethanol manufacturing plants as part of a road map to meet the 20% ethanol blending target by 2025.
Tarun Kapoor, secretary, ministry of petroleum and natural gas, told FE that the three oil majors have been asked to set up around 150 crore litre per annum ethanol manufacturing capacity out of 1,000 crore litre that will be required to meet the target by 2025. “This will entail an investment of Rs 5,000 crore to Rs 7,000 crore,” Kapoor said.
