Speed Post News Network

New Delhi  : The Government has allowed the direct sale of biodiesel (B100) for blending with high speed diesel to all consumers in accordance with the specified blending limits and the standards specified by the Bureau of Indian Standards, with effect from June 29, 2017. For this purpose, “Guidelines for sale of Biodiesel for blending with high speed diesel for transportation purposes-2019” have been issued vide notification dated May 1, 2019.

Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) had entered into Joint Ventures (JVs) / Limited Liability Partnerships (LLPs) to carry out jatropha plantation with the help of Gram Panchayats in Uttar Pradesh. BPCL had formed a Joint Venture (JV) Company named “Bharat Renewable Energy Ltd. (BREL)” which entered into agreement with the Panchayats to grow Jatropha / Pongamia plantations in their fallow lands.  The JV company closed down due to poor yields and high operating cost.

Similarly, IOCL had formed ‘Indian Oil Ruchi Biofuels LLP’, an LLP firm, to participate in `Jeevan Jyoti Yojana’ Project of Government of Uttar Pradesh, for Jatropha plantation by Gram Panchayats on Panchayat wasteland. The LLP facilitated jatropha plantation in 1,818 hectares.  IOCL has to exit from LLP since no seeds were made available by Gram Panchayats for biofuel production. This information was given by the Union Minister for Petroleum and Natural Gas Dharmendra Pradhan in  written reply to a question in  the Lok Sabha on July 22, 2019, according to a PIB release.

2 thoughts on “Direct Sale of Biodiesel”

Leave a Reply

Your email address will not be published. Required fields are marked *