Methanol Blend on Cards, India May Trim Oil Import Bill by Rs 5k Crore

Business News/Analysis, India, Opinions, Policy

December 24, 2019

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by Yogima Seth Sharma and Nishtha Saluja (Economic Times) Gadkari writes to petroleum minister to ensure availability of methanol-blended fuel, which will help cut the consumer’s fuel expenses by 10%. — The government is looking at introducing methanol-blended fuel pan India — a move that can potentially reduce one’s fuel bill by at least 10%, lower vehicular pollution levels by over 30%, and save the exchequer ₹5,000 crore in annual import bill.

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“The ministry of road transport and highways has put the regulatory framework in place, and it is now the petroleum ministry’s job to make the fuel available,” a road ministry official said. The ministry has notified regulatory standards for methanol blends M15, M85 and M100, or neat methanol.

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Methanol is currently being manufactured at Assam Petrochemicals where the current production capacity is 100 tonnes per day and the company hopes to ramp up its production six-fold to 600 tonnes per day by April 2020.

Commercial production of methanol from coal will soon be started in West Bengal and Jharkhand with state governments having allotted a dedicated coal mine each for this. READ MORE

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