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India’s first second generation (2G) Ethanol Bio-Refinery will set up in Bargarh district of Odisha by 2020, where ethanol will be produced from rice straw. The proposed plant will be set up by the Bharat Petroleum Corporation Limited (BPCL) at an estimated cost of Rs 100 crore. The foundation stone of which was laid on ..
Twin challenges of increasing price of crude and depreciating rupee are burdening Indian economy. Time and again it has been emphasised that increase in the use of biofuels as a way out to address this challenge. Among biofuels ethanol appears to be the most viable alternative. Other biofuels such as jatropha have often proven to ..
Pricing of Petroleum in India: The history of pricing of petroleum in India dates back to 1920’s. During the colonial period, the pricing of petroleum was free from Government intervention and was determined mainly by the market forces. After the Second World War, the Government started to regulate the pricing the petroleum products. As a ..