IOCL’s Panipat plant to reach 100 percent utilisation soon
Indian Oil Corporation’s (IOCL) 2G ethanol plant is set to reach 100 percent capacity utilisation in a few months, from the current 30 percent.
The Rs 900-crore plant is expected to reach full capacity shortly, as the feedstock collection process has been initiated. The plant will need 1,50,000 tonne of feedstock every year.
Also, part of the 2G ethanol will go towards the production of sustainable aviation fuels (SAF), which is also coming up near the Panipat refinery, under the company’s joint venture (JV) with Lanzajet, a subsidiary of Lanzatech.
In green hydrogen, the company’s JV with L&T and ReNew Energy would bid for projects, going ahead. Besides, IOCL would set up 5,00,000 tonne a year of green hydrogen capacity by 2040.
The Carbon Offsetting and Reduction Scheme of International Aviation (CORSIA) of the International Civil Aviation Organisation mandates two percent SAF blend for airlines.
