Saturday, July 13, 2024

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)

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