Bengaluru, July 10, 2024 – TruAlt Bioenergy, one of India's largest biofuels and bioenergy companies, has bagged a major order worth over Rs 390 crore from leading oil marketing companies (OMCs) , including Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited. and Mangalore Refineries and Ports Limited. This order involves the supply of nearly 6 crore 1G bioethanol over a period of three months from August to October 2024. TruAlt Bioenergy has secured nearly 10% of the total allocated quantity. With a total tender quantity of around 66 million liters, TruAlt has bagged the supply for 6 million liters, demonstrating its strong supply line to all OMCs.
With an installed capacity of 14 lakh liters/day for 1G bioethanol and 10,200 kg/day for compressed biogas (CBG) production, TruAlt Bioenergy is a leader in India's bioenergy sector. The company is in the process of expanding its 1G bioethanol capacity to 20 lakh liters per day, which will include integration of dual feed to produce ethanol from damaged corn and grains. Additionally, TruAlt aims to establish at least 24 CBG plants across the country. A significant step in this direction is a joint venture with GAIL to set up 10 CBG plants. Looking ahead, TruAlt Bioenergy also plans to venture into the production of sustainable aviation fuel (SAF), 2G bioethanol, mevalonic acid (MVL), biodiesel and other specialty chemicals, further diversifying its portfolio and contributing to the advancement of solutions. sustainable energy. In India.
The award of this important order was obtained after a competitive bidding process organized by the OMC, in which TruAlt Bioenergy emerged as a consistent and reliable supplier. With the largest market share by production capacity at 3.7%, TruAlt Bioenergy continues to set benchmarks in the bioenergy sector.
Expressing his excitement, Mr. Vijay Nirani, Founder and CEO of TruAlt Bioenergy said, “Our journey began with India’s National Biofuel Policy and Ethanol Blended Gasoline (EBP) Program to address the need in the country to reduce dependence on fossil fuels and crude oil by switching to biofuels, the greener and cheaper alternative Under the visionary leadership of our Honorable Prime Minister, Shri Narendra Modi Ji, India has made remarkable progress in the space. "We are honored to be important contributors to this success. I firmly believe that this is just the tip of the iceberg and that the entire biofuels sector has enormous potential."
TruAlt Bioenergy remains committed to supporting India's energy transition and contributing to a sustainable and self-reliant future. The company continues to invest in innovative technologies and expand its production capabilities to meet the growing demand for biofuels and bioenergy in India.
About TruAlt Bioenergy
TruAlt Bioenergy is one of India's leading biofuels and bioenergy companies, specializing in the production of 1G bioethanol and compressed biogas. With a strong focus on sustainability and innovation, TruAlt Bioenergy aims to drive the country's energy transition towards a greener and more sustainable future.
For more information, contact:
Nayythan M Carvalho - +91 7259665147 – [email protected]
.
With an installed capacity of 14 lakh liters/day for 1G bioethanol and 10,200 kg/day for compressed biogas (CBG) production, TruAlt Bioenergy is a leader in India's bioenergy sector. The company is in the process of expanding its 1G bioethanol capacity to 20 lakh liters per day, which will include integration of dual feed to produce ethanol from damaged corn and grains. Additionally, TruAlt aims to establish at least 24 CBG plants across the country. A significant step in this direction is a joint venture with GAIL to set up 10 CBG plants. Looking ahead, TruAlt Bioenergy also plans to venture into the production of sustainable aviation fuel (SAF), 2G bioethanol, mevalonic acid (MVL), biodiesel and other specialty chemicals, further diversifying its portfolio and contributing to the advancement of solutions. sustainable energy. In India.
The award of this important order was obtained after a competitive bidding process organized by the OMC, in which TruAlt Bioenergy emerged as a consistent and reliable supplier. With the largest market share by production capacity at 3.7%, TruAlt Bioenergy continues to set benchmarks in the bioenergy sector.
Expressing his excitement, Mr. Vijay Nirani, Founder and CEO of TruAlt Bioenergy said, “Our journey began with India’s National Biofuel Policy and Ethanol Blended Gasoline (EBP) Program to address the need in the country to reduce dependence on fossil fuels and crude oil by switching to biofuels, the greener and cheaper alternative Under the visionary leadership of our Honorable Prime Minister, Shri Narendra Modi Ji, India has made remarkable progress in the space. "We are honored to be important contributors to this success. I firmly believe that this is just the tip of the iceberg and that the entire biofuels sector has enormous potential."
TruAlt Bioenergy remains committed to supporting India's energy transition and contributing to a sustainable and self-reliant future. The company continues to invest in innovative technologies and expand its production capabilities to meet the growing demand for biofuels and bioenergy in India.
About TruAlt Bioenergy
TruAlt Bioenergy is one of India's leading biofuels and bioenergy companies, specializing in the production of 1G bioethanol and compressed biogas. With a strong focus on sustainability and innovation, TruAlt Bioenergy aims to drive the country's energy transition towards a greener and more sustainable future.
For more information, contact:
Nayythan M Carvalho - +91 7259665147 – [email protected]
.
