Latest news with #TruAltBioenergy
Business Standard
15 hours ago
- Business
- Business Standard
TruAlt Bioenergy Secures Oil Marketing Company (OMC) Status, Set to Launch Retail Flex Fuel Network
PNN Bengaluru (Karnataka) [India], June 12: In a landmark development for India's energy transition, TruAlt Bioenergy Limited, India's largest ethanol producer and one of the country's leading integrated biofuels companies, has been officially granted authorisation as an Oil Marketing Company (OMC). Leveraging its strengths in ethanol and compressed biogas (CBG), TruAlt is now authorised to directly market clean fuels like ethanol and Bio-CNG, along with retailing Motor Spirit (Petrol) and High-Speed Diesel (HSD) across India, marking a strategic entry into the country's fuel retailing sector. As one of the first private biofuel companies in India to receive this authorisation, TruAlt now joins an exclusive league of players licensed to market and retail petroleum products across the country. This recognition affirms the company's robust manufacturing capabilities and leadership in driving India's clean energy transition, empowering it to offer a seamless retail experience that integrates both biofuels and conventional fuels. TruAlt Bioenergy's entry into the fuel retail sector is both timely and transformational. Backed by its deep manufacturing strengths in ethanol and Bio-CNG, TruAlt will offer a unique retail experience that blends conventional and renewable fuels under one roof, including petrol, diesel, E93, Bio-CNG, EV charging points and battery swapping facilities. This future-ready model aligns with India's broader vision for energy security, clean mobility and decentralised fuel access. Under its OMC authorisation, TruAlt Bioenergy is committed to ensuring inclusive fuel access by establishing at least 5% of its retail outlets in notified remote areas, advancing the government's goal of last-mile energy connectivity. 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. This expansion is expected to generate employment opportunities for over 2,000 people across urban and rural regions, contributing meaningfully to local economies and supporting India's broader energy transition goals. Commenting on the milestone, Vijay Nirani, Managing Director of TruAlt Bioenergy, 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. By setting up outlets across high-demand corridors and remote regions, we aim to drive rural development, generate local employment, and help build a more inclusive and sustainable energy infrastructure for the country. 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." As a vertically integrated player, TruAlt Bioenergy commands a 7% market share in molasses-based ethanol and 3.7% in overall ethanol supply, making it a key pillar of India's Ethanol Blending Programme (EBP). With rapid expansion underway in compressed biogas (CBG) production, the company is also poised to become one of the largest Bio-CNG producers in the country, further strengthening its leadership in the clean fuels segment. This milestone comes at a time when India's fuel economy is undergoing a structural transformation driven by rising energy consumption, expanding mobility, and a decisive national shift toward cleaner alternatives. In FY 2024-25, the country recorded its highest-ever petroleum product consumption at 239.5 million metric tonnes (MMT), led by 7.5% growth in petrol, 8.9% in aviation turbine fuel (ATF), and steady gains in LPG and diesel. Over the past decade, petrol consumption has grown at a CAGR of 7.7%, reflecting the surge in personal mobility. The diesel-to-petrol ratio has dropped from 3.6 to 2.3, underscoring a clear shift in consumer preferences and offering a major inflexion point for next-generation fuel retail. "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," Nirani further added. India's biofuel programme is also gaining scale at an unprecedented pace. Ethanol blending in petrol has surged to 18.4% in the current ethanol supply year (ESY 2024-25), with a record 19.7% blending achieved in February 2025, bringing the country within striking distance of its 20% target. This rapid progress is opening up new opportunities for companies with integrated biofuel capabilities, especially as flex-fuel vehicles and E20-ready infrastructure become mainstream. In line with its strategy to move up the biofuels value chain and tap into high-growth global markets, TruAlt Bioenergy is actively advancing its entry into Sustainable Aviation Fuel (SAF) production and intends to set up a facility with an annual capacity of 10 crore litres. This is likely to position the company as one of the world's largest producers of SAF from ethanol, while also placing India at the forefront of global sustainable aviation efforts. About TruAlt Bioenergy Limited: TruAlt Bioenergy Limited is one of India's largest and most forward-looking 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. With its integrated biofuels platform, strategic infrastructure and a commitment to rural value creation, TruAlt Bioenergy is shaping the next phase of India's green energy landscape delivering scale, sustainability, and inclusive growth. For more information or media enquiries, please contact: - Ms. Shivaaneey Rai, TruAlt Bioenergy - +91-9545850823 / avpcomms@
NDTV
2 days ago
- Business
- NDTV
TruAlt Bioenergy, An Ethanol Producer, Gets Oil Marketing Company Status
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.
Time of India
3 days ago
- Automotive
- Time of India
TrueAlt gets OMC status, plans 100 retail outlets
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Pune: The ministry of petroleum and natural gas has authorised biofuels company TruAlt Bioenergy as an oil marketing company (OMC), enabling it to do retail marketing of petrol and high-speed diesel. This will also allow the company to open 100 retail outlets . The company, which had applied for authorisation in November 2024, expects to begin operation of eight pumps by next week."We plan to operationalise 100 pumps in districts of north Karnataka and south Maharashtra," TruAlt Bioenergy managing director Vijay Nirani told ET. "TruAlt will offer petrol, diesel, E93, bio-CNG, EV charging points and battery swapping facilities."Although TruAlt does not have its own crude oil refinery, the company believes India's rapid scaling up of ethanol-blended petrol programme will open up new opportunities for companies with integrated biofuel capabilities, especially as flex-fuel vehicles.
Time of India
3 days ago
- Business
- Time of India
TruAlt Bioenergy gains OMC status, plans 100+ flex-fuel outlets across India
TruAlt Bioenergy has been authorised as an Oil Marketing Company (OMC), enabling it to market and retail ethanol, Bio-CNG, petrol, diesel, and electric vehicle (EV) services across India. The company will roll out more than 100 flex-fuel retail outlets initially in Karnataka and Maharashtra. The company has become one of the first private biofuel companies in India to receive this authorisation. The approval allows the company to retail both renewable and conventional fuels, expanding its operations into the fuel marketing segment. Retail plans and rural focus The company plans to set up fuel stations offering ethanol (E93), Bio-CNG, petrol, diesel, EV charging, and battery swapping services. TruAlt also aims to establish at least 5% of its outlets in notified remote areas. The retail expansion is expected to generate employment for over 2,000 people. Vijay Nirani, MD, TruAlt Bioenergy, 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. 'By setting up outlets across high-demand corridors and remote regions, we aim to drive rural development, generate local employment, and help build a more inclusive and sustainable energy infrastructure for the country." Position in the biofuels sector TruAlt holds a 7% share in India's molasses-based ethanol market and 3.7% of the overall ethanol supply. The company is also expanding in the compressed biogas (CBG) segment and is working on plans to enter the sustainable aviation fuel (SAF) space, with a proposed production facility of 10 crore litres annually. India's consumption of petroleum products reached 239.5 million metric tonnes in FY 2024–25. Petrol use grew by 7.5% and aviation turbine fuel by 8.9%. The petrol-to-diesel consumption ratio has shifted from 3.6 to 2.3 over the past decade, with petrol demand rising at a compound annual growth rate of 7.7%. Nirani added: '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.' India's ethanol blending has reached 18.4% in the current ethanol supply year, with a record 19.7% in February 2025. TruAlt's entry into SAF production aims to position the company as a key player globally in ethanol-based aviation fuel.
Time of India
3 days ago
- Business
- Time of India
TruAlt gets OMC licence; to launch 100 ethanol-BioCNG fuel stations
New Delhi: TruAlt Bioenergy , India's largest ethanol producer, has been granted authorisation as an Oil Marketing Company (OMC) , enabling it to directly retail ethanol, Bio-CNG , petrol, and diesel across the country, the company said. With this authorisation, TruAlt becomes one of the first private biofuel firms to enter the fuel retail sector, aligning its operations with India's evolving clean energy roadmap . The company will offer a mix of renewable and conventional fuels including ethanol (E93), Bio-CNG, petrol, diesel, EV charging, and battery swapping facilities. '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,' said Vijay Nirani, Managing Director, TruAlt Bioenergy. In the first phase, the company plans to set up over 100 fuel stations in Karnataka and Maharashtra, integrating biofuels and conventional fuels under one retail experience. At least 5% of these outlets will be located in remote regions, adhering to the government's mandate for inclusive access. The move is expected to generate employment for over 2,000 people, the company said. India's petroleum product consumption rose to 239.5 million metric tonnes (MMT) in FY2024–25, with petrol growing at 7.5% and aviation turbine fuel (ATF) at 8.9%. The diesel-to-petrol ratio has dropped from 3.6 to 2.3 in the past decade, indicating a shift in demand and presenting new opportunities for blended fuel models. 'As India's appetite for mobility surges, 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,' Nirani added. TruAlt currently holds a 7% market share in molasses-based ethanol and 3.7% in overall ethanol supply. It is also expanding into compressed biogas (CBG) production and plans to become one of India's largest Bio-CNG producers. India's ethanol blending rate has climbed to 18.4% in ethanol supply year 2024–25, with a record 19.7% blending in February 2025. The government is targeting 20% blending by the end of the year. TruAlt is also planning to establish a Sustainable Aviation Fuel (SAF) production facility with an annual capacity of 10 crore litres. The plant is expected to position it among the world's largest SAF producers using ethanol as feedstock. 'Our model sources agri-residue and biomass from rural communities, creating a circular economy where we return health to the soil and wealth to the farmer,' Nirani said.
