Indian Oil, Praj sign MOU for second generation ethanol

By Praj Industries | September 16, 2016

Indian Oil Corp. Ltd., India’s flagship national oil company, has selected Praj Industries Ltd., a Pune-based global process solutions leader, as its technology partner for setting up multiple second generation (2G) bioethanol plants based on indigenously developed technology. Indian Oil will be setting up three such 2G bioethanol plants.

Indian Oil, like other Oil Marketing CPSEs are blending biofuels in transportation fuels at the depot to bring down dependency on crude oil imports and to avail of the resultant economic and environmental benefits. In order to enhance ethanol availability in the country for blending with petrol, Indian Oil is developing 2G ethanol production infrastructure using lignocellulosic biomasses as feedstock.

Speaking about the collaboration, Pramod Chaudhari, executive chairman of Praj, said, “It is a great honor 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. 3000 crore in two-three years.”

He further added that, “Praj is offering end-to-end 2G ‘Smart Biorefinery’ solutions globally. Our ‘Smart Biorefinery’ is capable of producing bioethanol and other coproducts such as bio-CNG, power and a variety of bio chemicals”.

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 boost to the agro-economy and to promote clean, renewable energy. This endeavor will be a socio-economic and environmental enabler as the farming community will generate additional revenues from agri-waste, which will be utilized to produce bioethanol.

Praj is also providing assistance to Indian Oil for achieving various milestones towards holistic development of these Projects at various suitable locations across the Country.

Such 2G Ethanol Plants are based on indigenous technology and designs developed by Praj at their R&D Center in Pune. Moreover, Praj will also supply Plant & Machinery and assist in operating and maintaining it.