Pune-based manufacturer and distributor of bio-fuels, My Eco Energy (MEE), plans to set up green corridors along four national highways in Maharashtra, and will establish nearly 500 bio-fuel retailing outlets over the next two-odd years for that purpose.
The chain of biodiesel – branded Indizel - equipped fuel stations will be located every 50 km on either side of the Mumbai-Pune-Satara-Kolhapur stretch of NH-4, Pune-Sholapur and Mumbai-Palghar-Gujarat stretch of NH-9, Mumbai-Ratnagiri section of NH 17 and Mumbai- Nashik-Dhule segment of NH 3.
MEE already has one bio-diesel station at Lonikand, while a second one at Khalapur on the Pune-Mumbai highway was inaugurated today.Bio-diesel is cheaper than the prevailing price of diesel by around Rs 2 per litre.
“We plan to expand the network of bio-diesel retailers and distributors to 500 fuel stations across Maharashtra, which will be a mix of full-fledged stations and smaller kiosks with 25,000 litre tanks. We will also set up 2,000-3,000 smaller 100-litre tank outlets,” Santosh Verma, Director, MEE, said.
Setting up of the network will entail an investment of Rs 250 crore, including Rs 75 crore spent so far, he added.
Made from a feedstock of used vegetable oils, and manufactured through third party licences in Andhra Pradesh, West Bengal and Uttar Pradesh, the company has a current capacity of 25 lakh litres per day.
The current offtake is around 6,000-7,000 litres per day for use in generators, stationary equipment and trucks.
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