back to top
Wednesday, June 12, 2024
34 C
Lucknow
HomeRecent NewsEthanolOil Marketing Companies Seek Bids for Ethanol Supply in...

Oil Marketing Companies Seek Bids for Ethanol Supply in ESY 2023-24

In ESY 2023-24, Oil Marketing Companies (OMCs) are seeking bids for the supply of approximately 66 crore litres of Denatured Anhydrous Ethanol. Bidders are asked to provide quotes for ethanol production sourced from various feedstocks such as Sugar Cane Juice, Sugar, Sugar Syrup, B Heavy Molasses, C Heavy Molasses, Damaged Food Grains, and Maize.

The tender requires bidders to specify the quantities of ethanol they can supply against the OMCs’ requirements, categorized by feedstock and quarter for the period from August 1, 2024, to October 31, 2024. Bids will remain valid until July 31, 2024.

Registered bidders are now participating in the bidding process according to the long-term ethanol procurement policy for the period of August 1, 2024, to October 31, 2024.

The quantities allocated under this expression of interest (EOI) will be procured at the rates published for ethanol during ESY 23-24, as determined by the Government of India (GOI) and OMCs.

The tender document specifies that ethanol produced from various feedstocks, including Sugar Cane Juice, Sugar, Sugar Syrup, B Heavy Molasses, C Heavy Molasses, Damaged Food Grains, and Maize, will be procured by OMCs. Bidders must indicate the total quantity offered under each feedstock for the respective period. The total quantity offered by the bidder in the Quantity Bids for the ESY period must not exceed their total licensed capacity.

The government aims to achieve a 20% ethanol-blended petrol target by 2024-25. To meet this target, approximately 1016 crore litres of ethanol are required, with a total ethanol requirement, including other uses, reaching 1350 crore litres. By 2025, it is projected that around 1700 crore litres of ethanol-producing capacity will be needed to achieve the target, assuming plants operate at 80% efficiency.

(Click here to read full tender detail)

Aabkari Times Editorial Teamhttps://aabkaritimes.com
Aabkari Times is a monthly news magazine on Liquor, Excise and Alcohol allied industry; being published since 2009 by the expertise of retired excise dept. associates and alco-bev industry professionals as our editorial team. Our magazine contains different new alco-bev strategic and new brand launch articles as well as news on recent govt. policies, trends on alcohol industry and other important data relevant to the distilleries and industry at the mass.

- Advertisement -

Worldwide News, Local News in London, Tips & Tricks

spot_img

- Advertisement -