News  OIL & GAS NEWS

Bio-diesel Indizel promoters plan eye 10 per cent of Indian diesel market in 7 years

517 times viewed
Source: The Economic Times
Friday, May 19, 2017

 HYDERABAD: My Eco Energy, which is in the process marketing its bio fuel Indizel in the country, plans to capture nearly 10% of the diesel market in six to seven years, said a top executive. Additionally, it also plans to open nearly 4,000 fuel outlets in the coming three to four years. 


Santosh Verma, co-founder, My Eco Energy, said, “We plan to market around 12 million tons of Indizel in the next five years that will help convert 10% of the total regular diesel consumed in India to Indizel. Also, our bio fuel will be on an average Rs 2 per litre cheaper than the regular diesel and will have very low fuel emissions.” 

Indizel is a bio fuel made from renewable vegetable oils and is currently the only fuel in India that meets Euro 6 requirements, making it the greenest fuel in India with low emissions, said Verma. Generally, fuels contain sulphur at a quantity of 500 ppm (parts per million), while Verma claims that Indizel contains sulphur at a quantity of 500 ppm (parts per million), while Verma claims that Indizel contains sulphur at a quantity of less than 10 ppm. The reduction in the emission of sulphur leads to varied environmental benefits as the vehicles emit less polluted smoke. 

“This fuel can be used in any diesel engine vehicle and will result in 5-10% higher efficiency in terms of mileage,” claimed Verma. 

As the company will be importing the fuel from Singapore, it will be marketing it in coastal states of Maharashtra, Andhra Pradesh, Tamil Nadu, Gujarat and Odisha initially and will then move to interiors. 

With respect to Andhra Pradesh and Telangana, the company plans 200-300 fuel outlets in the coming two to three years. 

While India already has bio-fuel manufacturers like Southern Bio Technologies, Universal Bio-fuel and Emami Agrotech, among others, Verma claims that their fuel is not completely compatible with the vehicle engines and that they produce emissions. 



Comments:



Post Your Comment:

Name:*
    
E-mail:*
    
Comments:*
    


Also Read:

»

Biggest Indian explorer ONGC is said to plan first ever borrowings

»

After diesel and LPG, government to now end subsidy on kerosene

»

Indian Oil Corp aims to source a tenth of oil needs from own assets

»

CAG pulls up MRPL for cost overrun in expansion projects

»

Government’s $3 billion demand premature: Reliance Industries Ltd, Shell India

»

Government's demand for additional tax premature, Reliance Industries says

»

HPCL, ONGC merger wouldn’t bring synergy: Ambit Capital

»

ONGC may not be required to pay premium for government stake in HPCL

»

HPCL will invest Rs 61,000 crore by 2021 on expansion projects

»

Natural gas sector will see more market-friendly reforms: Oil Minister Dharmendra Pradhan

News  NEWS ARCHIVE
   
Home | Recent News | Privacy Policy | Disclaimer | Feedback | Sitemap | Contact Us

© Copyright Power Hub 2012-2014, All rights reserved.