Minister of Petroleum & Natural Gas and Steel, Shri Dharmendra Pradhan, remotely flagged off the first supply of UCO (Used Cooking Oil) based Biodiesel blended Diesel under the EOI Scheme from IndianOilâ€™s Tikrikalan Terminal. Secretary, Ministry of Petroleum & Natural Gas Shri Tarun Kapoor and Chairman, IndianOil Shri S M Vaidya, were also present on the occasion.
To create an eco-system for collection and conversion of UCO into Biodiesel and developing entrepreneurship opportunities, Honâ€™ble Minister of Petroleum and Natural Gas & Steel, along with Honâ€™ble Minister of Health & Family Welfare, Science & Technology and Earth Sciences, had initiated Expressions of Interest (EoIs) for â€œProcurement of Bio-diesel produced from Used Cooking Oil (UCO)â€ on the occasion of World Biofuel Day on 10th August 2019. And such â€œExpression of Interestâ€ is being periodically released by Oil Marketing Companies (OMCs). In the first phase, 11 EoIs were floated between 10.08.2019 to 09.11.2020 for 200 locations. Publication of EoIs has been extended for one more year up to 31.12.2021, for 300 locations across the country.
Under this initiative, OMCs offer periodically incremental price guarantees for five years and extend off-take guarantees for ten years to prospective entrepreneurs. So far, IndianOil has also issued 23 LOIs for Biodiesel plants with a total capacity of 22.95 Cr Litres (557.57 TPD). Under this initiative, IndianOil has received 51KL of UCO-Biodiesel at its Tikrikalan terminal in Delhi as of 31.3.2021.
Speaking on the occasion, Shri 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. Mr Pradhan also appreciated IndianOilâ€™s leadership role in smoothening the Liquid oxygen logistics in the country through various initiatives.
Referring to the flag-off of the first supply of UCO-based Biodiesel from IndianOilâ€™s Tikrikalan Terminal, Mr Pradhan said, â€œThis is a landmark in Indiaâ€™s pursuance of Biofuels and will have a positive impact on the environment. This initiative will garner substantial economic benefits for the nation by shoring up indigenous Biodiesel supply, reducing import dependence, and generating rural employmentâ€. He appreciated the proactive role played by OMCs in this direction and shared that 30 LOIs have already been issued.
Secretary, Ministry of Petroleum & Natural Gas, Shri Tarun Kapoor, while delivering his address, said, â€œWith this flag off, a new era of Bioenergy has been ushered in that will revolutionize the Indian petroleum sector. Feedstock availability in Biodiesel is a challenge, and leveraging UCO can be a major breakthrough that will enable us to reach the target of 5% Biodiesel blending. It will also help divert the unhealthy used oil from the food chain to a more productive purposeâ€. Mr Kapoor also complimented IndianOil for their focused drive on UCO based Biodiesel and for the concerted efforts undertaken to promote the benefits of Biodiesel.
Earlier, Chairman IndianOil Shri S M Vaidya, while welcoming the gathering, said, â€œIndianOil is committed to contributing to this remarkable drive to retrieve the unhealthy Used Cooking Oil and usher in a revolution through â€œRandhan se Indhanâ€. We aspire to trace even the last drop of UCO and ensure its conversion to Biodiesel, thereby contributing to a more energy secure, greener and healthier India. This event is yet another significant step towards a Swachh and Aatmanirbhar Bharatâ€. He also shared that IndianOil has started constructing eight Biodiesels plants across Uttar Pradesh, Gujarat, and Madhya Pradesh.
Biodiesel is an alternative fuel similar to conventional or â€˜fossilâ€™ diesel. It can be produced from vegetable oil, animal fats, tallow and waste cooking oil. A significant advantage of Biodiesel is its carbon-neutrality, i.e. the oilseed absorbs the same amount of CO2 as is released when the fuel is combusted in a vehicle. Also, Biodiesel is rapidly biodegradable and completely non-toxic.