TruAlt Bioenergy secures ethanol order for 2024-25 with OMCs
TruAlt Bioenergy has signed a contract to supply 300 million liters of ethanol to India’s leading oil marketing companies for the 2024-25 Ethanol Supply Year, aligning with India’s Ethanol Blended Petrol (EBP) program. Additionally, TruAlt will provide 65 million liters of ethanol to private firms and 50 million liters of Extra Neutral Alcohol (ENA) to various industries. With a daily production capacity of 1.4 million liters, TruAlt aims to support India’s goal of achieving a 20% ethanol blend, contributing to national energy security and future blending targets.
TruAlt Bioenergy has secured a contract for ethanol supply with India’s top oil marketing companies (OMCs) under the ethanol blending programme for the Ethanol Supply Year (ESY) 2024-25. A media statement said this contract covers a volume of 300 million litres.
In addition to this, TruAlt Bioenergy has secured an order to supply approximately 65 million litres of ethanol to private players. The company will also be catering 50 million litres of Extra Neutral Alcohol (ENA) to various industries, it said.
Aiming higher
TruAlt Bioenergy will supply ethanol to key locations nationwide, leveraging its production capacity of 1.4 million litres per day.
Quoting Vijay Nirani, Founder and Managing Director of TruAlt Bioenergy, the statement said: “TruAlt Bioenergy is committed to working closely with the government as we progress toward higher blending levels, ensuring we remain a consistent and reliable partner in achieving India’s long-term energy security goals.”
“With this latest tender, our aim is to make a significant contribution to the nation’s Ethanol Blended Petrol (EBP) programme, not only to meet the 20 per cent blending target but also to support the roadmap beyond this milestone.,” he added.
Source Link : https://www.thehindubusinessline.com/economy/trualt-bioenergy-secures-ethanol-order-for-2024-25-with-omcs/article68810794.ece
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