Indian oil marketing companies to sign 15-year offtake agreements for 2G ethanol

In India, during the release of the new draft biofuels policy this week would, the oil minister said that oil marketing companies must be required to offtake 2G ethanol ensure the viability of production, secure sufficient supplies and reduce pollution. OMCs have agreed to sign 15-year offtake agreements with second-generation ethanol producers to provide the required guarantees to get production up and running. Burning of crop residues creates significant pollution this time of year, which helps to encourage uptake of the policy.