Indian Oil Corporation (IOC) is reportedly planning to set up Rs 600 crore plant for the production of second generation ethanol in Haryana. In this regard, the Haryana Government has accepted the investment proposal which approved by the empowered executive committee.
The plant will use plant waste, stubble, husk and straw to produce 100 kilo litres of ethanol every day. The state government has agreed to provide land either on nominal lease or free of cost. Billed to be the largest such plant in the country, it is expected to generate hundreds of jobs.
The plant which would help reduce stubble burning drastically is likely to be commissioned in the next two years. The empowered committee has agreed to provide all possible incentives for setting up the plant.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.