Minister of Petroleum & Natural Gas and Steel remotely flagged off the first supply of UCO (Used Cooking Oil) based Biodiesel blended Diesel under the EOI Scheme from IndianOil’s Tikrikalan Terminal, Delhi.
Daily Current Affairs Quiz 2021
To create an eco-system for collection and conversion of UCO into Biodiesel, Minister of Petroleum and Natural Gas had initiated Expressions of Interest for “Procurement of Bio-diesel produced from Used Cooking Oil” on the occasion of World Biofuel Day on 10th August 2019.
Under this initiative, OMCs offer periodically incremental price guarantees for five years and extend off-take guarantees for ten years to prospective entrepreneurs.
Under this initiative, IndianOil has received 51KL of UCO-Biodiesel at its Tikrikalan terminal in Delhi as of 31.3.2021.
It is a landmark in India’s pursuance of Biofuels which will have a positive impact on the environment.
