Biodiesel Indizel maker plans commercial launch next month

My Eco Energy, which claims to be the first domestic firm to produce and market bio-diesel made out of palm under the label of Indizel has made its first commercial break through with the Maharashtra State Road Transport Corporation (MSRTC) to pilot-test two inter-city buses on this fuel.
The MSRTC has been piloting two Indizel-run buses on the Kurla-Ahmednagar sector since Monday, My Eco Energy co- founder Santosh Verma said, adding they will have the commercial launch next month.
Indizel is made out of the basic palm fatty acid distillate (PFAD), which is waste of palm seeds and conforms to petroleum diesel (HSD) EN590 and BIS 1460 specifications for use with existing engines.

The fuel outperforms petroleum diesel in performance, emissions, mileage, price, and value and is Euro VI compliant, Verma claimed.
On his retail expansion plans, Verma said the company will be commissioning 14 outlets through next month. The company has already set up 12 outlets and is also planning to sell the fuel through kirana stores in cans as the product does not need licence as it is not a petroleum product.
Of the 12 new outlets planned two each will come up at Panvel, Pune, Ahmedabad, Hyderabad, Jaipur and Vizag by mid- November.

"Over the next two years we will have 40 outlets," Verma told PTI.

Verma said the fuel offers at least 2 km of additional mileage over diesel and will be sold Re 1 discount to the petroleum diesel. Those customers with GST registration can get the 18 per cent set off, he added.
My Eco Energy has a 3 mmt per annum refinery in Singapore from where Verma will be importing the fuel.
He plans to sell one lakh kilo liters per month and has already signed up for 0.5 million LK imports which will be shipped in through Chennai, Vizag and Paradip ports on the East Coast and through Kochi, Digi and Papava on the East Coast.