Indian JV eyes biodiesel
The two companies will undertake research and development on an integrated biodiesel unit for developing new innovative technology.
The biodiesel project is in line with the government-proposed policy on biofuels. The government is considering to replace 10% of petroleum product requirement in the country through biofuels.
As per a projection in the Integrated Energy Policy (IEP), India can tap its biodiesel potential of 20 million tonnes of oil equivalent (Mtoe) every year. This potential can be tapped through plantations of 20 million hectares of wasteland or 7 million hectares of intensive cultivation.
NTPC and IOC also plan to develop suitable technology to use biomass for power generation. The companies will also produced high-end lubricants for power plants. India is expected to generate over 78,000MW additional power in the 11th Plan and another 100,000 MW in the 12th plan.