Even as India aims to achieve a 20 per cent blend of petrol with ethanol by 2025, the price of ethanol could become a concern for oil-marketing companies (OMCs).
If the claims made by Chennai-headquartered firm Ramcharan Company are to be believed, the company s technology for converting carbon dioxide (CO2) into ethanol could produce fuel-grade ethanol for Rs 35 per litre, suitable for fuel blending.
The company has already forged a partnership with Nikhil Gadkari-led MANAS Agro Industries & Infrastructure to convert various effluents into energy and value-added products.