ESY 2023-24: Oil Marketing Companies invite bid for 66 crore litres of ethanol
Oil Marketing Companies (OMCs) have commenced bidding for the supply of approximately 66 crore litres of Denatured Anhydrous Ethanol for the ESY 2023-24 period. Bidders are urged to specify ethanol production from various feedstocks, with bids valid until July 31, 2024. The government aims for a 20% ethanol-blended petrol by 2024-25, necessitating 1700 crore liters of ethanol production capacity by 2025, considering an 80% plant efficiency.
Oil Marketing Companies (OMCs) have invited bids for supply of around 66 crore litres of Denatured Anhydrous Ethanol for ESY 2023-24.
Bidders are requested to quote for ethanol production from different feed stocks namely Sugar Cane Juice, Sugar, Sugar Syrup/B Heavy Molasses/ C Heavy molasses /Damaged Food Grains/ Maize.
As per tender, bidders shall quote Ethanol quantities to be supplied by them against the requirement of OMCs, feedstock category wise – quarter wise for the period of 1st Aug 2024 to 31st October 2024 in this quantity bid. The validity of bids will be till 31-07-2024.
Quantity bids for the ESY 2023-24, period of 1st Aug 2024 – 31st October 2024 are being opened for registered bidders as per long term ethanol procurement policy.
The allocated quantities under this EOI will be procured as per the published rates of Ethanol during ESY 23-24 as decided by GOI / OMCs.
“Ethanol produced from different feed stocks namely Sugar Cane Juice, Sugar, Sugar Syrup/B Heavy Molasses/ C Heavy molasses /Damaged Food Grains/Maize being procured by OMCs and same has been entioned in quantity bid form. Bidders must offer their total quantity under the respective feedstock for the respective period. The total/combined quantity offered by the bidder in the Quantity Bid(s) for the ESY shall not exceed their total licensed capacity,” the tender document said.
The government is ambitious of attaining 20 per cent ethanol-blended petrol by 2024-25.
In order to achieve the target of 20% blending by 2025, about 1016 crore litres of ethanol is required and total requirement of ethanol including for other uses is 1350 crore litres. For this, about 1700 crore liters of ethanol producing capacity is required to be in place by 2025 considering plant operates at 80% efficiency.
Source Link : https://www.chinimandi.com/esy-2023-24-oil-marketing-companies-invite-bid-for-66-crore-litres-of-ethanol/
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