Around 150 companies, led by state-owned oil marketing companies and Reliance Industries (RIL), the country's largest private company, have evinced interest in production of biodiesel. The move comes on the back of the government's plan to introduce a 20 per cent blending of the non-fossil fuel with diesel.
The number of firms interested in the non-fossil fuel has increased manifold, up from just 25 entities some two years ago. Apart from the increase in the number of players entering the sector, the scale of operations has also increased substantially, with 30 companies planning large-scale operations, experts said.
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