In news: Minister of Petroleum & Natural Gas and Steel, remotely flagged off the first supply of UCO (Used Cooking Oil) based Biodiesel blended Diesel under the EOI Scheme from Indian Oil’s Tikrikalan Terminal, Delhi.
- Under the Expressions of Interest for “Procurement of Bio-diesel produced from Used Cooking Oil” scheme, OMCs offer periodically incremental price guarantees for five years.
- It also extends off-take guarantees for ten years to prospective entrepreneurs.
- Under this initiative, Indian Oil has received 51KL of UCO-Biodiesel at its Tikrikalan terminal in Delhi as of 31.3.2021.
- This initiative will garner substantial economic benefits for the nation by shoring up indigenous Biodiesel supply, reducing import dependence, and generating rural employment.
- It will also help divert the unhealthy used oil from the food chain to a more productive purpose and usher in a revolution through “Randhan se Indhan”.
- Indian Oil has started constructing eight Biodiesels plants across Uttar Pradesh, Gujarat, and Madhya Pradesh.
- It is an alternative fuel, similar to conventional or ‘fossil’ diesel.
- It can be produced from vegetable oils, animal fats, tallow and waste cooking oil.
- A significant advantage of it is its carbon-neutrality, i.e. the oilseed absorbs the same amount of CO2 as is released when the fuel is combusted in a vehicle.
- It is rapidly biodegradable and completely non-toxic.
- Biodiesel is made through a chemical process called transesterification whereby the glycerin is separated from the fat or vegetable oil.
- The process leaves behind two products – methyl esters and glycerin.
Methyl esters is the chemical name for biodiesel and glycerin is used in a variety of products, including soap.