The ministry of petroleum and natural gas in India has authorised biofuels company TruAlt Bioenergy to operate as an oil marketing company, enabling it to do retail marketing of petrol and high-speed diesel.
This will also allow the company to open 100 retail outlets. The company, which had applied for authorisation in November 2024, expects to begin operation of eight pumps by next week.
"We plan to operationalise 100 pumps in districts of north Karnataka and south Maharashtra," TruAlt Bioenergy managing director Vijay Nirani told ET. "TruAlt will offer petrol, diesel, E93, bio-CNG, EV charging points and battery swapping facilities."
Although TruAlt does not have its own crude oil refinery, the company believes India's rapid scaling up of ethanol-blended petrol programme will open up new opportunities for companies with integrated biofuel capabilities, especially as flex-fuel vehicles.
Full article TrueAlt gets OMC status, plans 100 retail outlets
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