Bhubaneswar, Dec 06 (Odisha.in) The Indian Oil Corporation (IOC) Thursday announced to set up a Bio-Diesel Oil Refinery in Orissa.
This was announced by B.B.Choudhury, chief of IOC, Eastern Zone at the
Banker’s Committee meeting on rising of energy plantation and Bio-Diesel production being organised jointly by OREDA and Science and Technology Department, Orissa.
Choudhury said that IOC had plans to support all necessary infrastructures for sustainable and qualitative production of Bio-Diesel.
He said that IOC would set up the proposed Bio-fuel processing unit in a centrally located area and urged the state government to help supply high yielding non-edible Jatropha or Karanja seeds of at least 2 lakh Metric tones annually to make the unit viable.
IOC has decided to blend Petrol and Diesel with ethanol content in rational level ,he said .presiding over the meeting Orissa Chief Secretary, Ajit Tripathy announced that a Bio-Diesel Park would be set up at Deras , in the outskirts of Bhubaneswar.
Assuring that steps would be taken to provide required 2 lakh tones of Jatropha , Karanja and Pangal seeds to proposed IOC unit, the Chief Secretary said that a task force would be constituted under the science and Technology department to initiate the process.
He informed that a team comprising of representatives of bankers, OREDA would visit the Chhatisgarh to gather experience on Bio diesel production.
The representatives from various banks like UBI, UCO Bank, SBI, Indian bank, Overseas Bank, Central Bank, Cooperative Banks, representatives from NABARD, who participated the meeting evinced their interest to provide loan assistance as per the guidelines of the Orissa Bio-Diesel Policy to the interested farmers to raise Jatropha , Karanaja plantation.