Representative Image
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
HPCL-Mittal Energy To Start 100,000-tpy Bio-ethanol Plant In 2023
HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emission
Topics
HPCL | ethanol production | Carbon emissions
India's HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emissions, a company official said on Wednesday.
"Our company is in the process of constructing 100,000 tonnes per annum ethanol plant based on agricultural inputs like waste food," Pravin Shirke, assistant general manager at HPCL-Mittal Energy Ltd (HMEL), told a forum at the Asia Pacific Petroleum Conference (APPEC).
The plant will be operational next year, he added.
HMEL is a joint venture between state-run Hindustan Petroleum Corp Ltd and Mittal Energy Investments.
India, the world's third-biggest oil importer and consumer, has expanded the excise duty exemption for biofuels to encourage the blending of higher proportions of ethanol and components of vegetable oil with gasoline and diesel.
India plans to introduce 20% ethanol blending with gasoline in some parts of the country from April next year, followed by a nationwide roll out from 2025/26.
(Reporting by Matthew Chye, Writing by Mohi Narayan; Editing by Jacqueline Wong)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, September 28 2022. 13:56 IST
RECENT NEWS
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more