Gulshan Polyols signs offtake agreement for ethanol with OMCs

Gulshan Polyols Limited said that it entered into a long-term offtake agreement with oil marketing companies (OMCs) such as IOCL, BPCL, and HPCL for the supply of 3.96 crores litres per annum of indigenous denatured anhydrous ethanol for Assam under the Ethanol Blending Petroleum Program.

As per the offtake agreement, the supply will begin within two years with effect from 15 January 2022.

Gulshan Polyols signs offtake agreement for ethanol with IOCL, BPCL, and HPCL. Photo courtesy of David Mark from Pixabay.

To meet the supply requirements, Gulshan Polyols will install a dedicated ethanol plant with a capacity of 250KLPD at the Industrial Growth Centre in Malia, Goalpara district in Assam.

Under the Ethanol Blending Petroleum Program, the Indian government is aiming to sell only 20% ethanol blended petrol by 2025 by using corn/maize and rice combination.