News Release Details

IndianOil kicks off Roadshow on SATAT initiative at Pune
New Delhi 08-Dec-2018

Public Sector Oil Marketing Companies (OMCs), viz. Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. & Hindustan Petroleum Corporation Limited, organised a roadshow today at Pune to create awareness on SATAT (Sustainable Alternative Towards Affordable Transportation) initiative launched nationwide by Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, on 1st October 2018. The roadshow aims to sensitize the stakeholders to participate in the said initiative and was kicked off by Shri Vijay Sharma, Director, Ministry of Petroleum & Natural Gas.

The innovative SATAT initiative is a significant push that has the potential to boost availability of more affordable transport fuels, better use of agricultural residue, cattle dung and municipal solid waste as well as to provide an additional revenue source to farmers. As part of SATAT, OMCs are inviting Expression of Interest (EOI) to procure Compressed Bio Gas (CBG) from potential entrepreneurs and make available CBG in the market for use as automotive fuel. It envisions to establish 5000 CBG plants across the country with an estimated CBG production of 15 million tonnes per annum by 2023. To apply for the scheme, the format for Expression of Interest (EOI) is available on the websites of the OMCs and can be filled from 1st October, 2018 to 31st March, 2019.

Speaking on the occasion, Shri Vijay Sharma, Director, MoPNG, said that CBG introduction in transport sector has multiple benefits such as waste management, reduction in carbon emissions, additional revenue source for farmers, boost to entrepreneurship & rural economy by generating employment opportunities. Shri Sharma emphasised that promoting CBG in transport sector would strengthen Indian economy against the volatile crude oil & gas prices. If the total potential of CBG is exploited in the country, India can produce approx. 62 million tonnes equivalent of CBG annually which is sufficient to replace the entire gas demand of the nation.

The PSU Oil Marketing Companies under the aegis of the Ministry of Petroleum & Natural Gas, are committed to enhance nation's indigenous fuel production and reduce its import dependency. Accordingly OMCs have formulated a remunerative price of Rs. 46/kg of CBG (excluding GST) for CBG suppliers, delivered at OMC Retail Outlets.

The roadshow was attended by prospective entrepreneurs, technology providers, financial institutions, officials from Oil Marketing Companies, PESO, FICCI, CII, MCA and provided an interactive platform for various stakeholders to address the queries of the participants on setting up CBG Projects, support mechanisms available, CBG delivery logistics etc.

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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.