India´s OMCs launch first biodiesel tender at 850 million liters

In India, oil manufacturing companies have launched the country´s first tender for biodiesel, seeking to procure 850 million liters from local producers between now and Marh 2016. Bids are to be submitted online by Aug. 19. The policy is meant to help with local Price discovery ahead of a potential 20% blend for biodiesel in 2017. A 20% blend for ethanol has also been proposed but is unlikely due to the fact that the current 5% blend has yet to be reached.