Indian Oil, HPCL And BPCL To Set Up 12 Ethanol Plants, To Invest Rs 5,000-7,000 Crore
In a big impetus for the nascent ethanol economy in the country, state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) are set to establish as many as 12 ethanol plants with an investment of Rs 5,000-7,000 crore, reports Financial Express.
Sharing details, Tarun Kapoor, Secretary, Union Ministry of Petroleum and Natural Gas, said that the three oil majors have been asked to set up around 150 crore litre per annum ethanol manufacturing capacity out of 1,000 crore litre that will be required to meet the target by 2025
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Article :-https://swarajyamag.com/insta/indian-oil-hpcl-and-bpcl-to-set-up-12-ethanol-plants-to-invest-rs-5000-7000-crore
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