IndianOil Honored for Leading Biofuel Innovations by Ministers Hardeep Puri and Nitin Gadkari
IndianOil has set a new industry benchmark by blending 23.24 crore litres of biodiesel with regular diesel, achieving a record blending ratio of 0.49%. This surpasses the 0.43% blending ratio of other oil marketing companies. In the current fiscal year, IndianOil has already achieved an impressive 0.73% biodiesel blending ratio.
The recognition of IndianOil at the India Bio-Energy & Tech Expo 2024 underscores the company’s pivotal role in leading India’s biofuel revolution. IndianOil has achieved over 15% ethanol blending in its base petrol, aligning with the national goal of 20% ethanol blending by 2025. The E20 fuel, which contains 20% ethanol, is now available at nearly 7,000 IndianOil fuel stations nationwide.
In addition to its biodiesel achievements, IndianOil has also made significant strides in ethanol-based fuels. The company recently introduced India’s first ETHANOL-100 fuel, now available at 400 fuel stations across Delhi, Uttar Pradesh, Maharashtra, Karnataka, and Tamil Nadu. IndianOil has also established India’s first 2G ethanol plant and the world’s first 3G ethanol plant at Panipat.
Indian Oil Corporation Ltd (IndianOil) has been honoured with the Biodiesel Association of India award for achieving the highest biodiesel blending during FY 2023-24. The award was presented by Nitin Gadkari, Minister of Road Transport and Highways, and Hardeep Singh Puri, Minister of Petroleum & Natural Gas, to V Satish Kumar, Chairman and Director (Marketing) of IndianOil, at the India Bio-Energy & Tech Expo 2024 held in New Delhi on September 2, 2024.
In his address at the event, Gadkari outlined an ambitious vision for the future of bioenergy in India, targeting a 50% reduction in fossil fuel usage within the next five years. He emphasised the critical role of biofuels in achieving this goal and lauded IndianOil’s contributions to the sector. Puri, in his speech, praised IndianOil’s unwavering commitment to advancing India’s bioenergy sector and urged the automobile industry to expedite the development of vehicles compatible with E100 fuel.
Doubts Revealed
IndianOil -: IndianOil is a big company in India that sells petrol, diesel, and other fuels. It is one of the largest oil companies in the country.
Biofuel -: Biofuel is a type of fuel made from plants or other natural materials. It is better for the environment than regular petrol or diesel.
Biodiesel -: Biodiesel is a kind of biofuel made from vegetable oils or animal fats. It can be mixed with regular diesel to make it cleaner.
Ethanol -: Ethanol is a type of alcohol that can be used as fuel. It is often made from crops like sugarcane or corn.
ETHANOL-100 -: ETHANOL-100 is a special type of fuel that is made up of 100% ethanol. It is used to power certain types of vehicles.
Biodiesel Association of India -: The Biodiesel Association of India is a group that supports the use of biodiesel in India. They give awards to companies that do good work in this area.
Hardeep Puri -: Hardeep Puri is a minister in the Indian government. He works on issues related to housing and urban affairs.
Nitin Gadkari -: Nitin Gadkari is another minister in the Indian government. He works on road transport and highways.
India Bio-Energy & Tech Expo 2024 -: The India Bio-Energy & Tech Expo 2024 is an event where people show new technologies and ideas for using biofuels and other clean energy sources. It took place in New Delhi.
New Delhi -: New Delhi is the capital city of India. It is where many important government buildings and events are located.
23.24 crore litres -: 23.24 crore litres is a way to measure a large amount of liquid. One crore is equal to 10 million, so 23.24 crore litres is 232.4 million litres.
Blending ratio -: Blending ratio is the amount of one type of fuel mixed with another. For example, a 0.49% blending ratio means that 0.49% of the fuel is biodiesel and the rest is regular diesel.
