IOC to set up EV battery manufacturing & ethanol plants

The Indian Oil Corporation (IOCL) plans to set up two ethanol plants in Telangana and Andhra Pradesh at an investment of about ₹600 crores each. The company has received approvals from Telangana which suggested two locations for the ethanol plant. IOC is also planning a GW scale EV battery manufacturing plant, that will also be finalised soon. 

Each plant will be having a manufacturing capacity of around 5 lakh litres of ethanol per day. It is to soon finalise plans for a GW scale EV battery manufacturing plant with the collaboration of an Israeli company. The battery made with aluminium will have the capability to run about 400 km. The IOC is also talking with OEMs regarding its battery plants.

The company at its petrol pumps will not only cater to petrol and diesel but also methanol, ethanol, CNG, LNG, battery-swapping services and electric vehicle charging facilities. As part of the Atmanirbhar Bharat initiatives, the company is taking many such initiatives which will be rolled out in a phased manner.

Last year, India’s leading research institute, the Indian Institute of Science (IISc), and the Research and Development Centre of Indian Oil Corporation Limited (IOC) have announced their partnership to develop biomass gasification-based hydrogen generation technology to produce affordably priced fuel cell-grade hydrogen.

The IOC as a pioneer to hydrogen research in India has recently launched the trials of the 50 buses in Delhi which are powered by hydrogen-CNG.

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