BPCL invests in India biodiesel project
Bharat Renewable Energy, a subsidiary of India’s state-owned oil company Bharat Petroleum (BPCL), will invest Rs.21.31 billion (€335 million) in a biodiesel project in Uttar Pradesh, India.
The project will use jatropha as feedstock.
BPCL will work in five districts: Kanpur, Jhansi, Laltpur, Chitrakoot and Sultanpur.
The company expects the project to start by Q2 this year.
‘We are shortly going to undertake large-scale plantation of jatropha across these five districts. Since the plant grows rapidly, we would be able to start extracting oil three years from now,’ Ashutosh Srivastava, CEO of Bharat Renewable Energy, remarks.
BPCL will install nearly 200 oil extraction units in the five districts and build 10 refineries.
The project will use jatropha as feedstock.
BPCL will work in five districts: Kanpur, Jhansi, Laltpur, Chitrakoot and Sultanpur.
The company expects the project to start by Q2 this year.
‘We are shortly going to undertake large-scale plantation of jatropha across these five districts. Since the plant grows rapidly, we would be able to start extracting oil three years from now,’ Ashutosh Srivastava, CEO of Bharat Renewable Energy, remarks.
BPCL will install nearly 200 oil extraction units in the five districts and build 10 refineries.
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