logo
TruAlt Bioenergy, An Ethanol Producer, Gets Oil Marketing Company Status

TruAlt Bioenergy, An Ethanol Producer, Gets Oil Marketing Company Status

NDTVa day ago

New Delhi:
In a development push for India's energy transition, TruAlt Bioenergy Limited - country's largest ethanol producer and one of the leading integrated biofuels companies - has been officially granted authorisation as an Oil Marketing Company (OMC). With this, the company is now authorised to licensed to market and retail petroleum products, and directly market clean fuels like ethanol and Bio-CNG, along with retailing Motor Spirit (Petrol) and High-Speed Diesel (HSD) across the country.
Under the OMC authorisation, TruAlt Bioenergy is committed to ensuring inclusive fuel access by establishing at least 5 per cent of its retail outlets in notified remote areas, advancing the government's goal of last-mile energy connectivity, an official release by the company said.
In the initial rollout, the company plans to launch over 100 strategically located fuel stations in Karnataka and Maharashtra, creating a robust retail network that will cater to both conventional fuels and next-generation blended alternatives, including ethanol and Bio-CNG. According to the company, the expansion is expected to generate employment opportunities for over 2,000 people across urban and rural regions.
Vijay Nirani, Managing Director of TruAlt Bioenergy, in a statement, said, "Securing OMC status marks a defining step in TruAlt Bioenergy's growth journey. This milestone enables us to directly serve India's evolving fuel needs while accelerating the shift toward cleaner energy. While our retail network will support conventional fuels, our greater focus will be on integrating biofuels and expanding rural outreach."
He added, "Farmers have always been at the heart of our model. By sourcing agri-residue and biomass directly from rural communities, we are creating value at the grassroots while powering clean energy solutions like ethanol and Bio-CNG. Through this circular approach from farm to fuel and back to farm, we are returning health to the soil and wealth to the farmer, making sustainability economically empowering."
The company said that they command a 7 per cent market share of molasses-based ethanol and 3.7% of the overall ethanol supply.
In FY 2024-25, India recorded its highest-ever petroleum product consumption at 239.5 million metric tonnes (MMT), led by 7.5 per cent growth in petrol, 8.9 per cent in aviation turbine fuel (ATF), and steady gains in LPG and diesel. The diesel-to-petrol ratio has dropped from 3.6 to 2.3, underscoring a shift in consumer preferences.
"With over 2.5 crore cars sold annually, surpassing the population of many countries, India's appetite for mobility is growing at an extraordinary pace. This is our moment to shape a retail network that fuels today's growth while powering the transition to a cleaner, more intelligent, and purpose-driven mobility ecosystem," Mr Nirani said.
All About TruAlt Bioenergy Limited
TruAlt Bioenergy Limited is one of India's largest biofuel producers, playing a pivotal role in the country's transition toward clean and sustainable energy. Positioned as a diversified leader in the bioenergy sector, the company operates five distilleries based on sugarcane juice and molasses, with a combined ethanol production capacity of 2,000 KLPD, making it the largest ethanol producer in India.
TruAlt is also among the early adopters of Compressed Biogas (CBG) under the Government of India's SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. Through its subsidiary, Leafiniti Bioenergy Private Limited, the company operates CBG plants, which also generates solid and liquid fermented organic manure (FOM) as by-products, supporting circular agriculture and waste-to-energy innovation.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Goyal discusses trade, FTA prospects with Sweden in push to deepen economic ties
Goyal discusses trade, FTA prospects with Sweden in push to deepen economic ties

Mint

timean hour ago

  • Mint

Goyal discusses trade, FTA prospects with Sweden in push to deepen economic ties

New Delhi: Commerce minister Piyush Goyal on Thursday held wide-ranging discussions with senior Swedish government officials and industry leaders in Stockholm, as part of a broader effort to strengthen India's economic partnership with Europe. The talks focused on expanding bilateral trade, boosting investment flows, and exploring collaboration in emerging sectors such as clean technology and innovation, the commerce ministry said in a statement. Goyal, who is on a five-day tour of Switzerland and Sweden, co-chaired the 21st session of the India–Sweden Joint Commission for Economic, Industrial and Scientific Cooperation, where both sides reaffirmed their commitment to deepening strategic ties. According to the ministry, Goyal's meetings in the Swedish capital featured leading Swedish institutions, like LeadIT, Vinnova, the Swedish Energy Agency, the National Space Agency, the National Board of Trade, the Export Credit Agency, Business Sweden, and the Swedish Chamber of Commerce in India. A dedicated roundtable also explored ways to strengthen the India–Sweden economic corridor, the ministry said. Key areas of discussion included innovation, green transition, advanced technologies, and building resilient supply chains, it added. Goyal has wrapped up the Swiss leg of his tour. Last March, India and the four-nation EFTA – comprising Iceland, Liechtenstein, Norway and Switzerland – signed a free trade deal to integrate and strengthen supply chains, attract investments and generate new business opportunities. The EFTA has also made a binding commitment to invest $100 billion in India and create one million direct jobs in the next 15 years. Meanwhile, India and the European Union have also stepped up efforts to clinch a long-pending free trade agreement, aiming to forge closer economic ties as global supply chains shift. Negotiations, revived in 2022 after nearly a decade, have gained urgency with both sides seeking reliable trade partners. For India, the EU offers a major export market and investment in clean tech. For the EU, India is a growing economy and strategic hedge against China. Key hurdles remain—such as tariffs, intellectual property, and sustainability standards—but officials are optimistic about a breakthrough by 2025. During his visit to Sweden, Goyal also urged Swedish companies to expand their footprint in India, citing the country's investor-friendly regulations, growing consumer market, skilled workforce, and strong industrial base. Goyal participated in the India–Sweden High-Level Trade and Investment Policy Forum at the Confederation of Swedish Enterprise. He also held one-on-one meetings with Swedish firms from sectors such as automation, renewable energy, sustainable food systems, maritime technology, and advanced materials. Talks centred on easing land access, building skilling partnerships, and facilitating fast-track clearances.

Big push to oil & gas infra in last 11 years has strengthened India's energy security: Puri
Big push to oil & gas infra in last 11 years has strengthened India's energy security: Puri

Time of India

time7 hours ago

  • Time of India

Big push to oil & gas infra in last 11 years has strengthened India's energy security: Puri

New Delhi: Minister of Petroleum and Natural Gas, Hardeep Singh Puri , on Thursday said that over the last 11 years, India's oil and gas sector has expanded steadily, from building modern refineries and pipelines to securing reserves and promoting cleaner fuels as part of the infrastructure revolution that is taking place in the country. The minister said, "Infrastructure has been central to India's growth story under the leadership of Prime Minister Narendra Modi and these efforts in the oil and gas sector have strengthened the country's energy security and laid the foundation for a self-sufficient future." Highlighting the infrastructure milestones in the oil and gas sector, Puri said that the country now has 23 modern operational refineries with a total capacity of 257 million metric tonnes per annum to produce petroleum products such as petrol, diesel, jet fuel and LPG The Piped Natural Gas (PNG) infrastructure that provides green cooking fuel to household kitchens in the country has been expanded to cover 733 districts across the country. Besides, Compressed Natural Gas (CNG) for fuelling vehicles is being provided across 8,000 retail stations to consumers nationwide. The minister also underlined that E20 ethanol blended petrol was now being made available for vehicles at all the retail outlets nationwide. He further stated that the Ministry's Compressed Bio-Gas (CBG) initiatives have resulted in the setting up of 106 plants with the combined capacity of 625 TPD. The minister also highlighted the ministry's initiative in setting up storage facilities for strategic petroleum reserves , on which the country can fall back in times of emergency and which assume importance during times of geopolitical uncertainty. These reserves can also be dipped into at times when global prices skyrocket to provide a cushion to the national oil companies. The minister mentioned that the storage capacity at Pudur is 2.25 million metric tonnes (MMT), the Visakhaptnam facility has the capacity to store 1.33 MMT of crude oil while Mangalore has a storage capacity of 1.5 MMT. Besides, another strategic reserve facility is being built at Chandikhol, which is also on the sea coast. He also underscored that the public sector oil marketing companies have set up six skill development institutions which have already succeeded in skilling as many as 16,000 professionals so far. --IANS sps/rad

India's natural gas consumption to more than double by 2040: PNGRB study
India's natural gas consumption to more than double by 2040: PNGRB study

Business Standard

timea day ago

  • Business Standard

India's natural gas consumption to more than double by 2040: PNGRB study

India's natural gas consumption is likely to rise by close to 60 per cent by 2030 and more than double by 2040, on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB. Consumption of natural gas, which is used to produce electricity, make fertilizer or turned into CNG for running automobiles and piped to household kitchens for cooking, is expected to rise from 187 million standard cubic metres per day in 2023-24 to 297 mmscmd by 2030 under 'Good-to-Go' scenario, the study by Petroleum and Natural Gas Regulatory Board (PNGRB) said. 'Good-to-Go' scenario assumes moderate growth and developments based on current trends and commitments. Consumption of natural gas is projected to rise to 496 mmscmd by 2040 under the same scenario. Under the 'Good to Best' scenario that considers accelerated progress, favourable policy implementation, and enhanced investments leading to higher-than expected growth, consumption could rise to 365 mmscmd by 2030 and 630 mmscmd by 2040. "India's energy demand is expected to keep growing. Natural gas being a convenient, clean and cheap (alternative) with respect to other fossil fuels is likely to grow," it said. In both scenarios, city gas distribution (comprising selling CNG to automobiles and piping the fuel to household kitchens and industries) will bring the anchor demand to -- 50 mmscmd out of 110 mmscmd incremental demand by 2030 and 129 mmscmd out of 198 mmscmd incremental demand between 2030 and 2040 under the 'Good to Go' scenario. The government is aiming to raise the share of natural gas in the country's primary energy basket to 15 per cent by 2030, from the current 7 per cent. Gas is being considered as the bridge fuel, as the country transitions away from polluting fossil fuels to clean energy to achieve its net zero emission target by 2070. City gas sector consumed almost 37 mmscmd out of 187 mmscmd in 2023-24. Fertilizer was the biggest consumer in the year at 58 mmscmd. Power sector consumed 25.2 mmscmd and refineries 22 mmscmd. City gas distribution (CGD) will overtake fertilizer to become the biggest consumer of gas by 2030, accounting for over 87 mmscmd out of total projected consumption of 297 mmscmd. With no new fertilizer plant coming up soon, the sector will see consumption rise to 65.3 mmscmd by 2030 and 72.9 mmscmd by 2040. Power sector consumption too would inch up to 35.7 mmscmd in 2030 and 43.5 mmscmd in 2040. "CGD is set to be the largest natural gas demand driver by 2030, it will account for 29 per cent of total consumption in 2030, and 44 per cent of total consumption in 2040," the study said. Consumption of gas by refineries and petrochemical complexes is also expected to nearly double to 43.3 mmscmd by 2030, from the current 22 mmscmd, helped by a growing focus on petrochemical integration. While growth in gas-based power generation and fertiliser usage is expected to be moderate. India meets half of its gas demand through imports. Liquefied natural gas (LNG) imports are projected to grow as demand rises. "LNG as a long-haul transportation fuel could be a game changer, with the potential to play a pivotal role in replacing diesel. LNG trucking is projected to gain momentum post 2030, with the potential to emulate China's success in reducing diesel dependency," the study said. "India's LNG imports are set to more than double by 2030, driven by increasing demand and relatively slower domestic production growth." As demand is expected to multiply significantly by 2030 and 2040, dependence on LNG will increase exponentially to bridge the demand-supply gap. With the expected increase in global LNG availability, there is a significant opportunity for long-term supply, leading to structurally lower prices.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store