Indian oil companies to invest $586 million in seven 2G ethanol plants

In India, Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) announced they will invest $586 million in developing seven second-generation ethanol plants to help the government achieve its 22.5% ethanol blending goals. Each facility is planned to produce between 100,000 and 150,000 liters of ethanol per day along with compressed-CNG for use in vehicles. Praj is among several technology providers with whom the state-run oil companies are discussing the projects, the sites for which are still being determined.