Indian Oil inks MoU with Praj Industries
Indian Oil Corporation has selected Praj, a Pune-based global process solutions firm, as its technology partner for setting up multiple second Generation (2G) bio-ethanol plants based on indigenously developed technology. Indian Oil will be setting up three such 2G bio-ethanol plants. Pramod Chaudhari, Executive Chairman, Praj Industries Ltd, said, “It is a honour for us to be chosen by Indian Oil to become their technology partner in multiple 2G bio-ethanol projects in India. We have prepared ourselves to execute 2G ethanol projects over Rs 3,000 crore in two-three years.” At the World Bio-fuels Day conference held at New Delhi recently, the Government of India had announced that a ‘biomass-based bio-fuels policy’ is in the offing to give a boost to the agro-economy and to promote RE.