(Big News Network/ANI) Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan on Tuesday remotely flagged off the first supply of Used Cooking Oil (UCO) based biodiesel blended diesel under the Expressions of Interest (EoIs) Scheme from Indian Oil’s Tikrikalan Terminal.
Speaking on the occasion, Dharmendra Pradhan complimented the Oil industry on the stellar role they have played to keep the fuel lines running despite the stiff challenges of the pandemic. He also lauded the OMCs for going beyond the usual business imperatives by extending support for medical oxygen supply to the nation in this crisis. Pradhan also appreciated IndianOil’s leadership role in smoothening the Liquid oxygen logistics in the country through various initiatives.
New Delhi [India], May 4 (ANI): Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan on Tuesday remotely flagged off the first supply of Used Cooking Oil (UCO) based biodiesel blended diesel under the Expressions of Interest (EoIs) Scheme from Indian Oil's Tikrikalan Terminal.
IOC begins supply of biodiesel made from used cooking oil
May 04, 2021
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The firm has received 51 kilolitres of biodiesel made from used cooking oil at its Tikrikalan terminal in Delhi Indian Oil Corporation has kicked-off the supply of diesel that is blended with biodiesel made from used cooking oil, the firm said in a statement on Tuesday.
“This initiative will garner substantial economic benefits for the nation by shoring up indigenous Biodiesel supply, reducing import dependence, and generating rural employment,” Minister of Petroleum & Natural Gas Dharmendra Pradhan said while flagging-off the first supply from Indian Oil’s Tikrikalan Terminal.
Oil marketing companies have already issued 30 letters of intent to biodiesel suppliers so far. Under the initiative, OMCs offer periodically incremental price guarantees for five years and extend off-take guarantees for ten years to prospective bidders.