New Delhi, Aug 8 : In order to encourage production of biodiesel from Used Cooking Oil (UCO), oil marketing companies will float Expression of Interest (EoI) for its procurement on the occasion of World Biofuel Day on August 10.
Presently, there is no established collection chain for UCO.To facilitate the production of Biodiesel from UCO, the OMCs shall float an (EOI) for procurement of Biodiesel from used cooking oil across 100 cities. The purpose of inviting this EOI is to encourage applicants to set up Biodiesel producing plants from UCO, processing plants and further utilizing the existing potential of UCO based Bio-diesel in India.
In India, approximately, 22.7 MMTPA (2700 crore litres) of Cooking Oil is used out of which 1.2 MMTPA (140 Crore) UCO can be collected from Bulk Consumers such as hotels, restaurants, canteens, etc. for conversion, which will give approximately 110 crore litres of Biodiesel in one year.
On this occasion, a sticker on RUCO viz., Repurpose Used Cooking Oil and a mobile app to facilitate the collection of UCO shall also be released by FSSAI.
World Biofuel Day is observed every year on August 10 to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and highlight the various efforts made by Government in the biofuel sector.
The National Policy on Biofuels, released by the Government in 2018, envisages production of biofuel from UCO.
At present, approximately 850 crore litres of High Speed Diesel (HSD) is consumed on a monthly basis in India.
The National Policy on Biofuels - 2018 envisages a target of 5 per cent blending of Biodiesel in HSD by 2030. (UNI)