Indian Oil looking to invest $132.6 million in 2G ethanol plant in Uttar Pradesh

In India, the Business Standard newspaper reports that Indian Oil plans to invest $132.6 million in second-generation ethanol facility that will use crop waste, likely sugarcane, as feedstock in Uttar Pradesh. The project could end up being a joint venture between the oil company and the state’s sugar mills association. If the ethanol project doesn’t fly, however, a bio-CNG project using press mud from sugarcane processing could be put forward instead but that project wouldn’t be a JV.