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Indian Oil Says Letters of Intent Issued for 6 Biodiesel Plants
The biodiesel plants are slated for Gujarat, Uttar Pradesh and Rajasthan.
28 Nov 2019, 05:33 AM IST 
Indian Oil Corp. oil tanks stand near the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra. (Photographer: Dhiraj Singh/Bloomberg)
(Bloomberg) -- Letters of intent for the set up of six plants to make biodiesel from used cooking oil have been issued after an “encouraging response” to an expression of interest from refiners, Indian Oil Corp. said in a tweet.
- Plants with an overall capacity to produce 102k tons of biodiesel each year are slated for Gujarat, Uttar Pradesh and Rajasthan, according to the tweet sent on Tuesday
- NOTE: In August, Indian Oil, Hindustan Petroleum and Bharat Petroleum released an expression of interest to purchase biodiesel from used cooking oil
- READ: India Seeks Used Cooking Oil to Cut Energy Imports
To contact the reporter on this story: Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.net
To contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Ben Sharples, Andrew Janes
©2019 Bloomberg L.P.