India’s three biggest state-owned refiners are seeking one year’s supply of ethanol, used in the production of cleaner-burning transport fuels.

Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. want to arrange cargoes for 12 months starting Sept. 1 of ethanol produced from biomass, including sugarcane, corn, cassava, bagasse and other agricultural waste, according to an advertisement in today’s Economic Times.

Suppliers must submit bids by 2:30 p.m. local time on Aug. 18, the companies said, without specifying quantities. The tender document wasn’t immediately available on the refiners’ websites.

The government has ordered the oil companies to blend gasoline with 5 percent of ethanol. They’ve been hampered in efforts to meet that goal due to shortages because sugar mills prefer to supply the liquor, chemical and other industries where they can earn higher prices.

--Editors: John Viljoen, Ryan Woo.

source: businessweek


This is not a company blog or website. The views and statements expressed in this blog are absolutely subjective. All content here is either copyrighted or by the mentioned news sources.

Privacy Policy | Contact Us