MBNL expands ethanol production capacity with Rs 100 crore investment

Modi Biotech Private Limited (MBPL), a wholly-owned subsidiary of Modi Naturals Limited, is accelerating its growth trajectory with a significant expansion of its production capacity. To achieve this, the company is investing in cutting-edge infrastructure and innovative technology. As part of this expansion, Modi Biotech Private Limited (MBPL) has already placed orders and commenced construction on

Ethanol production capacity in India increases

The ethanol production capacity in India is experiencing significant growth, which is expected to boost the country’s overall production. According to the Department of Food & Public Distribution (DFPD), India’s ethanol production capacity has risen from 518 crore liters in 2017-18 to an impressive 1,623 crore liters in 2023-24 (As on 31st August 2024), demonstrating

OMCs may cut down fuel prices next month: Report  

The oil marketing companies (OMCs) have abstained from altering prices since April 2022, but with crude oil costs softening, a comprehensive pricing review is imminent, according to a report by Hindustan Times. State-run oil companies in India are considering a significant reduction in petrol and diesel prices next month following robust third-quarter results that are

Ethanol blending saved Rs 24,300 crore foreign exchange

Blending of ethanol into petrol has resulted in savings of over 24,300 cr of foreign exchange in the supply year 2022-23, said Union Petroleum Minister Hardeep Puri. Public sector oil marketing companies (OMCs) have saved about 509 crore litres of petrol on account of ethanol blending. Public sector oil marketing companies (OMCs) have saved about

Govt revokes ban on use of sugarcane juice for making ethanol

The Government has issued a fresh order reversing ban on the use of sugarcane juice for making ethanol and allowed utilisation of the juice as well as B-heavy molasses to produce green fuel in the 2023-24 supply year. Food Ministry in a directive issued to all sugar mills and distilleries, said the oil marketing companies

Ethanol blending falls to 11.72% in August

The percentage of ethanol blended with petrol by oil marketing companies (OMCs) fell to 11.72 per cent in August this year from 11.77 per cent in July, due to unavailability of feedstock such as rice. The Ministry of Petroleum and Natural Gas (MoPNG) attributed the decline in blending to the discontinuation of rice supply by

OMCs to prepare joint roadmap on green hydrogen

The Ministry of Petroleum and Natural Gas Ministry has asked OMCs to submit a detailed plan to increasingly adopt green hydrogen and provide a leg-up to their energy transition plans. Public-sector undertakings (PSUs) under the ministry target to produce more than 1 million tonnes (mt) of green hydrogen by 2030. Refineries in the country already

India’s oil import bill declines by 35%

India’s oil import bill declined 35.3% during the first four months of FY24 due to easing crude oil prices over the past year. Refiners imported 79.4 million metric tonnes of crude oil for $41.6 billion during April-July, compared to 81.3 MMT for $64.3 billion in the same period of last fiscal, according to the Petroleum

Universal Biofuels selected to supply 8 million gallons of biodiesel to OMCs

Aemetis, Inc. announced that its Universal Biofuels subsidiary in India was selected by the three government-controlled oil marketing companies (OMCs) and a major oil refiner to supply approximately 8,000,000 gallons of biodiesel over the next two months.  Universal Biofuels owns and operates biodiesel plant located near the Port of Kakinada on India’s east coast. The

Ethanol procurement price increased by OMCs

State-run oil marketing companies (OMCs) – Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation Ltd (IOCL) – have decided to procure ethanol to blend with fuel before selling it. The OMCs have announced an increase in ethanol procurement price for a six months period ending November 30, 2022. This