New Delhi: Indian Oil has got a clearance from the Environment Ministry for setting up a Rs 766-crore 2G ethanol plant in Haryana’s Panipat district. The news was announced on Twitter by Environment Minister Prakash Javadekar. He said, “Happy to inform that Environment Clearance is given to IOCL to set up new 2G Ethanol plant in Panipat.”
‘Indian Oil ethanol plant will help in doubling farmers’ income’
Javadekar also said that the project will help in achieving the goal of doubling farmers’ income. “This project not only promotes use of environment-friendly fuel but also aids in the fulfilment of the government’s goal of doubling farmers’ income,” the minister said in the tweet.
Happy to inform that Environment Clearance is given to IOCL to set up new 2G Ethanol plant in #Panipat. This project not only promotes use of env. friendly fuel but also aids in fulfilment of Govt.’s goal of doubling farmers’ income.@PIB_India @MIB_India @DDNewsLive @moefcc
— Prakash Javadekar (@PrakashJavdekar) November 10, 2019
Indian Oil had submitted a proposal seeking green clearance from the Environment Ministry for its 100 KLPD Ligno-Cellulosic 2G ethanol plant at Baholi in Panipat district of Haryana. The plant is estimated to be established at an investment of Rs 766 crore. It will produce ethanol for blending in transportation fuel. The news comes after the Centre said recently that no environmental clearance would be required by sugar mills to produce additional ethanol from sugarcane juice.
(PSU Watch– India’s Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)