BioD Energy sells over 10 million Litres of Biodiesel in 2019

BioD Energy sells over 10 million Litres of Biodiesel in 2019

In a press statement, Delhi-NCR based biodiesel producer, BioD Energy has announced that it has sold over 10 million litres of biodiesel within the first year of its plant’s operation.

BioD was founded in 2014, with an capital of Rs 100 crore consisting a mix of Vig’s personal  fund and bank loan. In November 2018, The company commissioned a state-of-the-art facility in Bawal, Haryana which has the capability to produce up to 120 kilo-litres of biodiesel every day by processing used cooking oil and other multi-feedstock. 

“We are encouraged by our buyers’ response from logistics, mining, power generation and many other sectors. We ensure the distillation and production of the best quality bio-diesel. BioD Energy is encouraged by the increasing demand from its existing customers along with rise in new customers”.

Shiva Vig, group CEO, BioD Energy India

BioD Energy is also a part of the Food Safety and Standards Authority of India’s (FSSAI) Repurpose Used Cooking Oil (RUCO) initiative that strives to enable the collection and conversion of used cooking oil to biodiesel. The idea behind the project was and continues to be waste management, which not only targets at reducing dependence on imported crude oil, fighting pollution, managing illegal discharge of oil into a drainage system that contaminates water and clogs the drainage system but also to keep a check on the adulteration in edible oil. India has the potential to recover almost 220 crore litres of Used Cooking Oil (UCO) for the production of biodiesel by the year 2022 through coordinated action and the country is one of the largest consumers of vegetable oil.

BioD Energy recorded the biggest collection of UCO last year with the RUCO project. However, now our directive is solely to convert UCO into biodiesel and the collection mandate lies with Zomato as per our recent tie-up with the company, signed in November 2019.

Shiva Vig, group CEO, BioD Energy India

BioD energy has also entered into an agreement with food delivery service Zomato to reduce the wastage of used cooking oil in the country. In this partnership, Zomato will collect used cooking oil from restaurants around the country to be processed into biodiesel by BioD Energy.

BioD is also starting with five retail outlets in Rajasthan as a pilot before the end of the current financial year.

“We are commencing with five retail outlets in Rajasthan as a pilot before the end of the current financial year. We plan to multiply the production of biodiesel by 1.5 times by the start of FY2022. All our efforts are aimed at contributing to the energy security of India.”

Shiva Vig, group CEO, BioD Energy India

BioD Energy sells over 10 million Litres of Biodiesel in 2019