Used cooking oil may fuel cars as OMCs look to procure biodiesel
India is set to bring its next big oil-import savings from the kitchen. On Saturday, as part of World Biofuel Day, IndianOil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation are taking initial steps by inviting expressions of interest (EoIs) to procure biodiesel from used cooking oil (UCO) in 100 cities.
After the notification on retail policy for biofuel in May, several food chains — including McDonald’s, KFC, Burger King, and Haldiram — have started supplying to bio fuel firms.
According to government sources, the EoIs will ensure collection chains of restaurants, local hotels, and canteens in these cities. This will be a step towards achieving the target of 5 per cent blending of biodiesel in high-speed diesel (HSD) by 2030, to bring down the country’s crude oil import bill.
