New Delhi, May 17: Union Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan on Monday reviewed the progress of the 15 mega ethanol refineries being set up across the country involving an overall investment of Rs. 10,000 crore.
Senior officials of P&NG Ministry and leadership team of Oil PSUs were present on the occasion.
Once commissioned these rice and maize-based mega refineries will add another 200 crore litre per year of distillation capacity, which will give impetus to achieving 10 per cent ethanol bending in petrol, officials said.
Oil PSUs are establishing multi-feed distilleries involving feedstocks, like rice and maize to provide additional revenue to farmers, achieve the goal of doubling farmer income and welfare, promote bio-energy and further facilitate rural development.
For ethanol production, there is sufficient availability of feedstocks and the Government has also fixed remunerative prices of ethanol derived from various feedstocks.
India will need about 1,000 crore litre of ethanol for doping in petrol by 2030 with a view to cut dependency on imports for meeting oil needs, officials added.