New Delhi: IndianOil, India’s leading energy provider, rolled out brand new M15 Petrol (15% blend of Methanol with Petrol) at M/s Assam Agencies in Tinsukia today. The pilot rollout of M15 was done by Shri RameswarTeli, Hon’ble Minister of State for Petroleum & Natural Gas and Labour & Employment, in the august presence of Dr V K Saraswat, Member Niti Aayog, Shri S M Vaidya, Chairman IndianOil, Shri Bikul Deka, Chairman Assam petrochemicals Limited and other senior officials of the Oil industry. This new variety of fuel will strengthen India’s energy Aatmanirbharta and reduce pollution.
In its effort to reduce the consumption of fossil fuels, the Government of India has envisaged an ambitious roadmap for the energy sector with a greater focus on Methanol Economy. Accordingly, as envisaged by Niti Aayog and in line with the philosophy of making India self-sufficient in energy requirements, the rollout of M15 Petrol (a 15% blend of Methanol with Petrol) has been taken up by IndianOil on a pilot basis.
The Pilot rollout is being done in Assam’s Tinsukia due to the ready availability of Methanol which is being manufactured by the State Public Sector Enterprise – M/s Assam Petrochemical Ltd, Namrup in the vicinity of Digboi. The concept of the Methanol economy is currently being actively pursued by countries like China, Japan, Italy, Sweden, the US, Australia, Israel, and many other European countries. Methanol has become the choice of fuel in Marine Sector worldwide, and countries like Sweden are at the forefront of usage.
During the inauguration, Shri Teliunderlined that“Petroleum Ministry is working towards reducing imports” and also said that blending of fuel with methanol will provide respite from price hike.Shri Teli also highlighted the future expansion plans of Digboi refinery. The use of M15 fuel is expected to have a positive impact on import substitution and is expected to save billions of dollars in fuel import bills. Speaking on the occasion, Chairman Shri S M Vaidya also said “Pilot roll-out of M15 is a stepping stone towards achieving fuel independence and reducing import burden” and further underlinedthe steps being undertaken by IndianOil to make India energy self-sufficient.