PSU NEWS
Oil firms plan to set up seven 2G ethanol units for Rs4000 crore
New Delhi. Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) will set up around seven so-called second generation (2G) ethanol plants across the country, three people aware of the development said. The plants will be set up at a cost of Rs4,000 crore and will help enhance ethanol availability for blending with petrol.
2G ethanol is produced using non-edible agricultural waste left over after harvesting. This could include corn cobs, rice straw and wheat straw, among others. Currently, technology is available to convert cellulose into sugar, which can later be fermented to form ethanol. MINT
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