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Business EconomyPosted at: Mar 15 2024 7:44PM


IndiaOil Launches ETHANOL 100 alternative automotive fuel

New Delhi, Mar 15 (UNI) The government on Friday launched “ETHANOL 100” an alternative automotive fuel, a move that has potential to transform India’s transportation sector and reduce its dependence on fossil fuel.
Calling it a revolutionary fuel, the Union Minister for Petroleum & Natural Gas Hardeep Singh Minister said that ETHANOL 100 fuel has the potential to transform India’s transportation sector and reduce dependence on fossil fuels.
“It reflects the government’s commitment to reducing import dependency, conserving foreign exchange, and boosting the agriculture sector. Since the Prime Minister’s announcement on E20 (20 per cent ethanol blended fuel) in 2023, the E20 availability has increased to 12,000 outlets in under a year, and now, with the launch of ETHANOL100 at 183 outlets of IndianOil, we are close to achieving the target of 20 per cent ethanol blending by 2025-26,” he said.
Starting from today, customers can avail ETHANOL 100 at select 183 retail outlets across five states of Maharashtra, Karnataka, Uttar Pradesh, New Delhi and Tamil Nadu.
“During the last 10 years these ethanol blending initiatives have enhanced farmer incomes, increased rural employment, reduced CO2 emissions equivalent to planting 1.75 crore trees and resulted in savings of Rs 85,000 crore worth of foreign exchange” he stated.
Speaking about the strides made by the country towards realizing the target to reach 20 per cent blending of Ethanol in Petrol by 2025-26, the minister said that Oil Marketing Companies (OMCs) have been at the forefront of this endeavor, introducing various blends of Ethanol with Petrol across the country.
He said that OMCs have signed long term offtake agreements with 131 dedicated ethanol plants. These plants are expected to add an annual production design capacity of 745 crore litres. OMCs have also invested in increasing storage capacity and allied infrastructure for handling higher blending percentages.
IndianOil highlighted that India is among the few countries of the world to have ETHANOL 100 fuel. This marks a significant milestone in India’s journey towards sustainability and clean mobility. UNI SKB AKS
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